On February 27, Macrolink Cultural Tourism Development Co., Ltd. disclosed a short-form equity change report, and the number of shares held by Macrolink Holdings is expected to decrease by about 117.5 billion shares, accounting for about 20 percent of the total share capital01%, accounting for 100% of its shares.
On August 9, 2022, the Beijing No. 1 Intermediate People's Court ruled to accept the reorganization case of Macrolink Holdings in accordance with the law. On April 14, 2023, Beijing No. 1 Intermediate People's Court ruled in accordance with the law to substantially merge and reorganize Macrolink Holdings, Macrolink Mining, Macrolink Financial Leasing, Inner Mongolia Heyi Nickel-Chromium Composites, Inner Mongolia Hexin Resources Development and Investment, Inner Mongolia Hexin, hereinafter collectively referred to as "Macrolink Holdings and other six companies".
On February 23, 2024, the Beijing No. 1 Intermediate People's Court ruled in accordance with the law to approve the reorganization plan of the substantive merger and reorganization case of six companies including Macrolink Holdings, and terminated the reorganization procedure of six companies including Macrolink Holdings. The Civil Ruling was served on Macrolink Holdings on 23 February 2024.
According to the reorganization plan, 1,175,117,364 shares of the listed company (accounting for about 20 of the total share capital) held by Macrolink Holdings, the information disclosure obligor01%) belongs to the debt repayment resources of this reorganization, which will be transferred to the creditors of six companies including Macrolink Holdings during the implementation of the reorganization plan to offset their claims, or transferred to the account of the manager of Macrolink Holdings as the reserved debt repayment resources.
After this equity change, the number of shares held by Macrolink Holdings is 0. As of the date of the report, except for this change in equity, Macrolink Holdings has no plans to continue to increase or decrease its interests in the listed company in the next 12 months.