Jiang Wei, the actual controller of Guizhou Bailing, and his brothers intend to transfer 73.78 million shares to cash out 500 million yuan

Source: China Economic Network

China Economic Network Beijing, March 26 (Guizhou Bailing) (002424.SZ) yesterday evening disclosed that yesterday, Guizhou Bailing received a letter from Jiang Wei, the controlling shareholder and actual controller, and its consistent actor Jiang Yong, who signed the "Share Transfer Agreement" with Anshun Investment Co., Ltd. (hereinafter referred to as "An investment company") yesterday. Jiang Wei intends to transfer 44,534,400 shares of guizhou Bailing's unlimited sale and circulation shares (accounting for 3.16% of the total share capital) and Jiang Yong intends to transfer 29,244,600 shares of the company's unlimited sale and circulation shares (accounting for 2.07% of the total share capital) held by him to An investment company by way of agreement transfer.

The transfer price of the share transfer is 90% of the closing price of the underlying securities on the 1 trading day before the signing date of this agreement, and the share transfer price is 6.777 yuan per share, and the total share transfer price is 500 million yuan.

Prior to this change of rights, Jiang Wei held 516 million shares of Guizhou Bailing, accounting for 36.56% of the total share capital (including the shares that have signed the equity transfer agreement and have not been transferred as of the date of disclosure of this announcement), and was the controlling shareholder and actual controller of the company; Jiang Yong held 117 million shares of Guizhou Bailing, accounting for 8.29% of the total share capital, which is one of the actual controllers Jiang Wei; and Antou Company did not hold the company's shares.

After the change of rights and interests, Jiang Wei holds 471 million shares of Guizhou Bailing, accounting for 33.41% of the total share capital (the above data is subject to the actual share transfer procedures); Jiang Yong holds 87.7338 million shares of Guizhou Bailing, accounting for 6.22% of the total share capital; and Antou Company holds 73.779 million shares of Guizhou Bailing, accounting for 5.23% of the total share capital.

Guizhou Bailing announced that the change of rights and interests does not involve a tender offer and will not lead to a change in the controlling shareholder and actual controller of the company. The transfer of the share agreement still requires the parties to perform the relevant obligations in strict accordance with the agreement, apply to the Shenzhen Stock Exchange for compliance confirmation and register the transfer of shares with the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., and there is still uncertainty as to whether the transfer of this agreement can be finally completed, so please pay attention to the investment risks. The company will continue to pay attention to the progress of relevant matters, disclose the progress in a timely manner, and urge both parties to the transaction to fulfill their information disclosure obligations in a timely manner in accordance with the requirements of relevant laws and regulations.

Guizhou Bailing's 2019 annual report shows that Jiang Wei and Jiang Yong are brothers, and the two are consistent actors; Jiang Wei is the chairman of Guizhou Bailing, and Jiang Yong is the director and deputy general manager of Guizhou Bailing.