On February 17, Yango Group Co.Ltd(000671) (hereinafter referred to as ” Yango Group Co.Ltd(000671) “) issued a number of announcements to disclose its sales performance and the election of additional directors.
The announcement shows that in January 2022, Yango Group Co.Ltd(000671) achieved sales of 6.71 billion yuan and equity sales of 4.3 billion yuan, with a year-on-year decrease of more than 50%; The sales area is 427500 square meters and the equity sales area is 316200 square meters. Among them, the region with the largest sales contribution was the Yangtze River Delta region, recording 2.693 billion yuan, followed by the mainland region, recording 2.049 billion yuan. In addition, the Pearl River Delta, Beijing Tianjin Hebei and greater Fujian regions recorded 870 million yuan, 202 million yuan and 896 million yuan respectively.
At the same time, Yango Group Co.Ltd(000671) announced the co election of directors. Yango Group Co.Ltd(000671) the board of directors nominated he Hong, Wu Jianbin and Lin Xiaohu as candidates for the 10th board of directors of the company and submitted them to the general meeting of shareholders for election. The term of office starts from the date of approval by the general meeting of shareholders to the expiration of the term of office of the 10th board of directors. It is reported that after the election of the candidates for directors, Yango Group Co.Ltd(000671) the 10th board of directors will be composed of 11 directors, including 4 independent directors. The number of independent directors among the members of the board of directors shall not be less than 1 / 3 of the total number of directors, and the total number of directors concurrently serving as Yango Group Co.Ltd(000671) senior managers and staff representatives shall not exceed half of the total number of directors of the company, which meets the requirements of relevant laws and regulations.
In addition, Yango Group Co.Ltd(000671) also announced that it failed to pay the interest of overseas bonds to be paid within the exemption period, totaling US $27.2625 million. Yango Group Co.Ltd(000671) said that in view of the relevant terms that may trigger domestic bonds and other products, the company will hold a bondholder meeting in accordance with relevant regulations and continuously evaluate the impact of the above matters on the company’s law, finance and operation; The company is also seeking legal advice on the above matters with a view to dealing with relevant matters in an appropriate manner. At the same time, Yango Group Co.Ltd(000671) is also making continuous efforts to obtain funds in various ways to repay the arrears.
