Securities code: 300846 securities abbreviation: Capitalonline Date Service Co.Ltd(300846) Announcement No.: 2022-025 Capitalonline Date Service Co.Ltd(300846)
Announcement on foreign investment and establishment of overseas wholly-owned subsidiaries
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records
Contains, misleading statements or material omissions.
1、 Overview of foreign investment
1. Foreign investment
In order to provide better services for overseas customers, enhance the international competitiveness and service capacity of Capitalonline Date Service Co.Ltd(300846) (hereinafter referred to as “the company”), and improve the company’s business layout and medium and long-term strategic development plan, the company plans to set up overseas wholly-owned subsidiaries urban connected (Cayman) Co., LIMITED and urban connected (USA) Co. in Cayman and the United States with its own funds, Limited (tentative name, subject to the final approval of relevant local departments), the investment is made in currency, and the proposed investment amounts are US $30000 and US $3 million respectively.
2. Approval of foreign investment
This investment matter was deliberated and adopted at the second meeting of the Fifth Board of directors of the company. According to the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules and Capitalonline Date Service Co.Ltd(300846) articles of association, the amount of this foreign investment is within the scope of the deliberation authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
3. This investment does not constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies. 2、 Basic information of investment object
The basic information of the proposed new Cayman subsidiary is as follows:
1. Enterprise name: Urban connected (Cayman) Co., Limited (tentative name)
2. Registered capital: USD 30000;
3. Contribution method: monetary contribution
4. Equity structure: the company holds 100% of its equity and contributes with its own funds
5. Type of company: limited liability company
6. Proposed business scope: cloud computing services
The basic information of the proposed new US subsidiary is as follows:
1. Enterprise name: Urban connected (USA) Co., Limited (tentative name)
2. Registered capital: USD 3 million;
3. Contribution method: monetary contribution
4. Equity structure: Urban connected (Cayman) Co., Limited (tentative name), a newly established wholly-owned subsidiary of Cayman, holds 100% of its equity and contributes with its own funds
5. Company type: limited liability company
6. Proposed business scope: cloud computing services
The above information shall be subject to the final approval result of relevant local departments.
3、 Purpose of foreign investment, impact on the company and possible risks
1. Purpose of establishing the company and its impact on the company
The purpose of the company’s establishment of overseas subsidiaries is to better provide services to overseas customers, improve the company’s international competitiveness and service capacity, and improve the company’s business layout and medium and long-term strategic development plan. This foreign investment conforms to the company’s strategic planning and is conducive to improving the company’s comprehensive strength and competitiveness. The capital source of this wholly-owned subsidiary is the company’s own capital, which will not have an adverse impact on the company’s operating conditions and will not damage the interests of the company and all shareholders.
2. Possible risks
This investment still needs to be filed or approved by the competent investment authorities at home and abroad, including but not limited to the national development and Reform Commission, the commerce department, the foreign exchange management department and other relevant government authorities. There is uncertainty about whether the relevant filing or approval can be obtained and the final filing or approval time. Cayman, the United States and China have different political and legal systems and different cultural backgrounds, and there are certain risks in talent, technology and management. The company will further understand and be familiar with the legal system, investment system and other related matters of overseas countries, actively develop business, and effectively reduce and avoid the relevant risks caused by the establishment and operation of overseas subsidiaries.
The company will timely perform the obligation of information disclosure on the progress of this foreign investment in accordance with the provisions of relevant laws and regulations. Please pay attention to the investment risks.
It is hereby announced.
Capitalonline Date Service Co.Ltd(300846) board of directors February 9, 2022
