Beijing News (Reporter Zhang Jian) On January 8, Xinhu Zhongbao Co., Ltd. (hereinafter referred to as "Xinhu Zhongbao") issued an announcement saying that on the same day, Zhejiang Xinhu Group Co., Ltd., the controlling shareholder of Xinhu Zhongbao, hereinafter referred to as "Xinhu Group") and its concerted action person Zhejiang Hengxingli Holding Group (hereinafter referred to as "Hengxingli") and Quzhou Zhibao signed the "Share Transfer Agreement on Xinhu Zhongbao Co., Ltd."
According to the agreement, Xinhu Group and Hengxingli intend to transfer about 135.8 billion shares and 2100 million unrestricted A shares tradable shares, the total number of shares transferred is approximately 156.8 billion shares, accounting for 18 percent of the total share capital of Xinhu Zhongbao43% and 19170 yuan shares, not less than 9% of the company's price on the day before the agreement was signed, and the total transfer price reached 300.6 billion yuan.
According to the announcement, after the change in equity, Xinhu Group will directly hold 55.8 billion shares, accounting for 656%, Hengxingli will no longer hold Xinhu Zhongbao shares, the actual controller Huang Wei and his concerted actors hold a total of 2839% of the shares;Quzhou Zhibao will directly hold 1843% of the shares, Quzhou Zhibao and its related party Quzhou Xin'an Caitong Intelligent Manufacturing Equity Investment Partnership (Limited Partnership) hold a total of 2854% of the shares.
Xinhu Zhongbao said that the share transfer will not lead to a change in the actual controller of the listed company. This change in equity does not affect the tender offer.
Edited by Wu Xin.
Proofread by Jia Ning.