TIDMYTT
RNS Number : 6571F
Zhejiang Yongtai Technology Co Ltd
11 July 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
Announcement on Changes of Equity Ratio of Controlling
Shareholders and their Concert Parties Exceeding 1%
The Company and all the members of the Board of Directors
confirm that all the information contained in this information
disclosure is true, accurate and complete and that there is no
false and misleading statement or material omission in this
information disclosure.
Important Notice:
1. Zhejiang Yongtai Technology Co., Ltd. ("the Company")
recently issued 7,438,900 Global Depositary Receipts ("GDR"), of
which each GDR represents 5 A-shares of the Company, with a
corresponding increase of 37,194,500 A-shares of the underlying
securities (the "Issuance"). Upon completion of the Issuance, the
total share capital of the Company was changed to 913,760,795
shares, which, together with the participation of the shareholders
of the Company in the refinancing business, resulted in the equity
ratio of the controlling shareholders of the Company, namely Mr. He
Renbao and Ms. Wang Yingmei, together with their concert parties,
namely, Zhejiang Yongtai Holdings Co., Ltd. (the "Yongtai
Holdings") and Shanghai A Xing Investment Co.,Ltd. - A Xing Ge Zhi
No. 12 Private Equity Investment Fund (hereinafter referred to as
"A Xing Ge Zhi No. 12", together with Yongtai Holdings, the
"Concert Parties"), the equity ratio of which has been passively
diluted from 31.1518% to 28.9246%, representing an aggregate change
in equity ratio of over 1%.
2. After this change in equity ratio, Mr. He Renbao and Ms. Wang
Yingmei remain the de facto controllers of the Company.
I. Changes in Shareholding of Controlling Shareholders and their
Concert Parties Since the Previous Announcement on Equity
Changes
1. Shareholding after previous equity changes
On 11 January 2023, the Company disclosed the "Announcement on
the Expiration of the Proposed Reduction of Shareholding by a
Shareholder Holding more than 5% of the Shares and the
Implementation Results" of the Shenzhen Stock Exchange, Ms. Wang
Yingmei transferred 4,530,000 shares of the Company to A Xing Ge
Zhi No. 12 by way of bulk trading, such reduction was an internal
transfer of shares between Concert Parties, and the aggregate
equity ratio of Mr. He Renbao and Ms. Wang Yingmei and their
Concert Parties before and after the reduction remained unchanged
at 31.1518%. The Company has made detailed disclosure of this
equity change on the websites and Shenzhen Stock Exchange, which
can be found in the "Announcement on Preliminary Disclosure of
Reduction of Shareholding by a Shareholder Holding more than 5% of
the Shares" (Shenzhen Stock Exchange Announcement No. 2022-038),
"Announcement of Update on Reduction of Shareholding by a
Shareholder Holding more than 5% of the Shares" (Shenzhen Stock
Exchange Announcement No. 2022-062) and "Announcement on the
Expiration of the Proposed Reduction of Shareholding by a
Shareholder Holding more than 5% of the Shares and the
Implementation Results" (Shenzhen Stock Exchange Announcement No.
2023-002) released by the Company.
2. Participation in refinancing lending business and partial
return of refinancing lending shares
On 5 June 2023, Yongtai Holdings lent 1,000 shares, representing
0.0001% of the total share capital of the Company as of 5 June
2023. On 7 June 2023, Yongtai Holdings recovered the 1,000 shares
and the aggregate equity ratio of Mr. He Renbao and Ms. Wang
Yingmei and their Concert Parties remained at 31.1518%.
On 5 July 2023, Yongtai Holdings lent 6,612,000 shares and A
Xing Ge Zhi No. 12 lent 2,152,000 shares, totaling 8,764,000
shares, which have not been recovered as of yet, accounting for
0.9998% of the total share capital of the Company as of 5 July
2023, and the aggregate equity ratio of Mr. He Renbao and Ms. Wang
Yingmei and their Concert Parties decreased from 31.1518% to
30.1520%. There was no transfer of ownership of the shares involved
in the aforesaid refinancing and securities lending business.
3. Total share capital of the Company increased as a result of
the Issuance of GDR
On 11 July 2023, the total share capital of the Company
increased from 876,566,295 shares to 913,760,795 shares as a result
of the Issuance of 7,438,900 GDR, with a corresponding increase of
37,194,500 underlying shares (A shares). Upon completion of the
Issuance, the aggregate shareholding of Mr. He Renbao and Ms. Wang
Yingmei and their Concert Parties was passively diluted from
30.1520% to 28.9246%.
II. Description of Changes
1. Basic information
Information disclosure Mr. He Renbao
obligor 1
--------------------------------------------------------------------------
Address 1 ******Xicheng Street, Huangyan District,
Taizhou City, Zhejiang Province
--------------------------------------------------------------------------
Information disclosure Ms. Wang Yingmei
obligor 2
--------------------------------------------------------------------------
Address 2 ******Xicheng Street, Huangyan District,
Taizhou City, Zhejiang Province
--------------------------------------------------------------------------
Information disclosure Yongtai Holdings
obligor 3
--------------------------------------------------------------------------
Address 3 Linhai Park, Zhejiang Chemical API Base,
Taizhou City, Zhejiang Province
--------------------------------------------------------------------------
Information disclosure A Xing Ge Zhi No. 12
obligor 4
--------------------------------------------------------------------------
Address 4 -
--------------------------------------------------------------------------
Time of change in From 5 June 2023 to 11 July 2023
equity interests
--------------------------------------------------------------------------
Stock Short
Name Yongtai Technology Stock Code 002326
--------------------------------- ------------------------- ------------------------------------
Nature Increase R Decrease Concert Parties Yes R No
of change R
--------------------------------- ------------------------- ------------------------------------
Whether the largest shareholder Yes R No
or de facto controller
-----------------------------------------------------
2. Details of the change in equity
Class of shares (A Number of shares increased/decreased Percentage of
shares, B shares, (in 10,000 shares) increase/decrease
etc.) (%)
-------------------------------------------- ---------------------------
-0.1 (Refinancing lending
A shares shares) -0.0001
-------------------------------------------- ---------------------------
0.1 (Return of refinancing
A shares lending shares) 0.0001
-------------------------------------------- ---------------------------
-876.4 (Refinancing
A shares lending shares) -0.9998
-------------------------------------------- ---------------------------
A shares 0 -1.2274 (passive
dilution)
-------------------------------------------- ---------------------------
Total -876.4 -2.2272
-------------------------------------------- ---------------------------
Method of change Through centralized trading on stock
in equity exchanges
Through block trading at stock exchange
Others R (Participation in refinancing
lending shares, return of lending shares,
passive dilution as a result of an increase
in the Company's share capital)
-------------------------------------------------------------------------
Source of funds for Own funds Bank loans
the increase Borrowings from other financial institutions
Investments from shareholders
Others
No source of funds involved R
-------------------------------------------------------------------------
3. Shareholdings in equity of the listed company by the
investor and their Concert Parties before and after the
Change
Nature of shares Shareholdings before Shareholdings after
the Change the Change
----------------------------------------------- ------------------------------------
Number of As a percentage Number of As a percentage
shares (in of the total shares (in of the
10,000 shares) share capital 10,000 shares) total share
capital
-------------------------- ------------------- ------------------ ----------------
Ms. Wang Yingmei 14,424.84 16.4561 14,424.84 15.7862
-------------------------- ------------------- ------------------ ----------------
Mr. He Renbao 11,140.00 12.7087 11,140.00 12.1914
-------------------------- ------------------- ------------------ ----------------
Yongtai Holdings 1,288.75 1.4702 627.55 0.6868
-------------------------- ------------------- ------------------ ----------------
A Xing Ge Zhi
No. 12 453.00 0.5168 237.80 0.2602
-------------------------- ------------------- ------------------ ----------------
Total shareholding 27,306.59 31.1518 26,430.19 28.9246
-------------------------- ------------------- ------------------ ----------------
Including:
shares not
subject to
selling restrictions 16,487.96 18.8097 15,611.56 17.0850
-------------------------- ------------------- ------------------ ----------------
Shares subject
to selling
restrictions 10,818.63 12.3421 10,818.63 11.8397
-------------------------- ------------------- ------------------ ----------------
4. Performance of undertakings and plans
Whether the Change occurs as a result Yes No R
of performance of previous undertakings,
intents or plans
------------------------------------
Whether the Change is violation of Yes No R
the "Securities Law", "Measures Governing
Acquisitions by Listed Companies"
and other laws, administrative regulations,
departmental rules, regulatory documents
and provisions under the business
rules of the Stock Exchange
------------------------------------
5. Shares with restricted voting rights
Whether any shares are not entitled Yes No R
to vote under Article 63 of the Securities
Law
------------------------------------
6. Description of additional shares held by shareholders
of more than 30% (Not applicable)
7. Documents for inspection
1 . Details of the Change in Shareholdings of the China
Securities Depository and Clearing Corporation Limited
2. Relevant Written Undertakings Documents
3. Written Comment from Lawyers
4. Other Documents Required by the Shenzhen Stock Exchange
R
Note: Inconsistency between the total amount and the sum of the
sub-items is due to the calculation of trail differences.
Announcement is hereby given.
The Board of Directors of
Zhejiang Yongtai Technology Co., Ltd.
11 July 2023
Corporate Information
Zhejiang Yongtai Technology Co., Ltd. is a joint stock company
with limited liability established in the People's Republic of
China pursuant to the Company Law of the People's Republic of China
.
The Company's registered office is located at No. 1 Donghai
Fifth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang
Province, China.
For further information, please visit the website of the Company
at http://www.yongtaitech.com, or contact +86 0576-85588006.
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END
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(END) Dow Jones Newswires
July 11, 2023 05:38 ET (09:38 GMT)
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