Search For The Introduction Of State-Owned Assets To Invest In Jiaxing Yuxuan Ma Hong Half Cash 1 Billion 900 Million

The announcement said that the controlling shareholder, the actual controller Ma Hong and his co operative Guangdong Xingyuan Investment Co., Ltd. (referred to as "Xingyuan investment") introduced the strategic investors to the company and reduced the proportion of stock pledge. Ma Hong transferred the 138 million shares held by the company (4.46% of the total share capital) and Xingyuan investment to 16 million 656 thousand and 700 shares of the company (0.54% of the total share capital) of the company and transferred them to the Jiaxing Yu Xuan investment partnership (limited partnership) (hereinafter referred to as "Jiaxing Yu Xuan"). After the transfer is completed, Yu Xuan of Jiaxing will hold 5% of the company's shares.

In this transaction, the transfer price of the underlying shares is determined to be 2.7 yuan per share, and the transfer price amounts to 417 million yuan.

After the transfer of the agreement, the controlling shareholder of the company, the actual controller Ma Hong and his co operative man Xingyuan invested 1 billion 125 million shares of the company, accounting for 36.39% of the total share capital of the company. Ma Hong is still the controlling shareholder and actual controller of the company. This change in interest will not lead to the change of the controlling shareholder and the actual controller.

The Yangtze River Commercial Daily reporter found through the enterprise inspection, Jiaxing Yu Xuan became in May 22nd this year, Shandong Tong Jia Investment Limited (referred to as "Tong Jia investment"), Ningbo Meishan bonded port Sheng De investment partnership (limited partnership), Jiaxing Jun heavy Asset Management Co., Ltd. shares 96.8973%, 3.1007%, 0.0019% shares separately. Among them, Jiaxing Xuanda shareholder Tong Jia investment is the sun trust company's subsidiary, while China National Offshore Oil Corporation holds 95% stake in China Shipping Trust. As the CNOOC is wholly owned by the SASAC of the State Council, the SASAC of the State Council finally controls the 92.02% stake in Jiaxing Yuxuan.

The Yangtze daily news reporter noted that the recent search for special control of Ma Hong frequent transfer of shares, the introduction of a number of war pitching. In November last year, the company said that the company's controlling shareholder and real controller would transfer the shares of its 154 million shares to 373 million yuan to Qianhai Rui Sheng. After the transfer was completed, Qianhai Rui Sheng would hold 5% stake in the company.

The transfer of the shares has not yet been completed for a month, and it has been announced again that Ma Hong will transfer the shares of the 154 million companies to Huang Jianping at 345 million yuan. After the transfer is completed, Huang Jianping will hold 5% stake in the company.

In mid May of this year, Ma Hong and his unanimous action Xingyuan investment plan transferred the shares of 309 million shares held by the company to 760 million yuan in the price of Guangzhou's high tech Zone Investment Group Limited. After the transfer is completed, the Guangzhou high tech Zone will hold 10% of the company's shares. At the end of last month, the transfer of shares was completed.

Rough calculation, if the transfer of shares has been successfully implemented, Ma Hong will earn 1 billion 895 million yuan in cash in the past six months or more through the four transfer of shares. The shareholding ratio of Ma Hong and his allies will also drop from 63.3% at the end of the three quarter of last year to 36.39%.

A notice released in June 6th showed that Ma Hong and Hsing yuan jointly held 1 billion 280 million shares of the company, accounting for 41.39% of the total share capital of the company, of which 826 million shares were pledged, accounting for 64.5% of the total number of shares held by the company.

According to the data, we are mainly engaged in the design and sales of "fashion front" brand casual wear, and have now developed into a large and medium-sized fashion industry group covering brand apparel operation, supply chain management and brand management.

In the first quarter of 2018 and the first quarter of 2019, the search business achieved 18 billion 519 million and 3 billion 199 million respectively, an increase of 0.93% and -38.68% compared with the same period last year. Net profit was 369 million and 107 million, respectively, a decrease of 39.72% and 32.36% over the same period.