Securities code: 600730 securities abbreviation: China Hi-Tech Group Co.Ltd(600730) Announcement No.: pro 2022-005
China Hi-Tech Group Co.Ltd(600730)
Announcement on the progress of restructuring of controlling shareholders
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
The controlling shareholder of China Hi-Tech Group Co.Ltd(600730) (hereinafter referred to as ” China Hi-Tech Group Co.Ltd(600730) ” or “the company”) Beida Founder Group Co., Ltd. (hereinafter referred to as “Founder group”) was ordered to restructure by Beijing No. 1 Intermediate People’s Court (hereinafter referred to as “Beijing No. 1 Intermediate People’s court”) in February 2020. On July 5, 2021, the manager of Peking University Founder Group Co., Ltd. received the civil ruling (2020) Jing 01 Po No. 13-5 served by Beijing No. 1 Intermediate People’s court and ruled to approve the reorganization plans of five companies including founder group. According to the ruling of Beijing No. 1 Intermediate People’s court and the effective reorganization plan, all the shares of the company held by the controlling shareholder Founder Group will be transferred to the newly established “new Founder group or its subordinate new business platform” (the specific name shall be subject to the registration of the market supervision and Administration Department), and the controlling shareholder of the company plans to be changed to “new Founder group or its subordinate new business platform”.
According to the announcement of the establishment of the new platform, the total shares of the company held by Fangzheng group or the newly established platform will account for 2984% of the total shares of the group as of October 2020, accounting for all the shares of the group. After the implementation of the reorganization plan, the shareholding structure of new Founder group is as follows: Ping An Insurance (Group) Company Of China Ltd(601318) SPV established by Life Insurance Co., Ltd. (hereinafter referred to as “Ping An Life”) holds about 66.5%, SPV established by Zhuhai HUAFA Group Co., Ltd. (on behalf of Zhuhai state-owned assets) holds about 28.5%, and the shareholding platform (partnership) composed of creditors holds about 5%. Therefore, the SPV established by Ping An Life is intended to become the controlling shareholder of new Founder group, and Ping An Insurance (Group) Company Of China Ltd(601318) insurance (Group) Co., Ltd., as the controlling shareholder of Ping An Life, is intended to indirectly control the company. For the above information, please refer to the company’s website (www.sse. Com. CN) in China Securities Journal, Shanghai Securities News, securities times, securities daily and Shanghai Stock Exchange Relevant announcements issued.
On January 30, 2022, Founder group informed the company in writing that Bank Of China Limited(601988) Insurance Regulatory Commission made a formal reply and agreed to the application of Ping An Life for major equity investment in new Founder group.
The company will continue to pay attention to the follow-up progress of the above matters and fulfill the obligation of information disclosure in time. The information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times, securities daily and
Securities code: 600730 securities abbreviation: China Hi-Tech Group Co.Ltd(600730) Announcement No.: pro 2022-005
Shanghai Stock Exchange website (www.sse. Com. CN.), All information of the company is subject to the information published in the above designated media. Please pay attention to the investment risks.
It is hereby announced.
China Hi-Tech Group Co.Ltd(600730) board of directors
February 6, 2022
