Securities code: 000835 securities abbreviation: * ST Changdong Announcement No.: 2020-195 Great Wall International Acg Co.Ltd(000835)
Announcement on the correction of the investor’s equity adjustment plan of the draft reorganization plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
On December 18, 2021, the board of directors of Great Wall International Acg Co.Ltd(000835) (hereinafter referred to as the “company”) disclosed the investor’s equity adjustment plan of the draft Great Wall International Acg Co.Ltd(000835) reorganization plan (hereinafter referred to as the “investor’s equity adjustment plan”) in China Securities Journal and cninfo.com. Due to the negligence of the staff, some of the contents were incorrectly disclosed. The company and the temporary manager of pre reorganization now The corrected contents of “III. methods of investor’s equity adjustment” in the investor’s equity adjustment plan are announced as follows:
Before correction:
326760374 shares formed by the above conversion will not be distributed to the original shareholders, but will be distributed and disposed of in accordance with the reorganization plan. Of which:
1. All creditors will receive 106549575000 shares in total, and each creditor will distribute them in the same proportion, so as to realize the repayment of corresponding debts, resolve the company’s debt risks, preserve operating assets and reduce the debt ratio;
2. The remaining shares shall be conditionally transferred by the restructuring investors and financial investors, and the proceeds will be used to supplement the company’s cash flow and subsequent operations.
After correction:
326760374 shares formed by the above conversion will not be distributed to the original shareholders, but will be distributed and disposed of in accordance with the reorganization plan. Of which:
1. All creditors will receive 106549575 shares in total, and each creditor will distribute them in the same proportion, so as to realize the repayment of corresponding debts, resolve the company’s debt risks, preserve operating assets and reduce the debt ratio;
2. The remaining shares shall be conditionally transferred by the restructuring investors and financial investors, and the proceeds will be used to supplement the company’s cash flow and subsequent operations.
Except for the above corrections, other contents in the investor’s equity adjustment plan remain unchanged. The company and the temporary manager of pre reorganization sincerely apologize for the inconvenience caused to all investors!
It is hereby announced.
Great Wall International Acg Co.Ltd(000835) board of directors December 22, 2021
