Yango Group Co.Ltd(000671) : Sunshine Group plans to terminate the cooperation agreement with Taikang

On the evening of December 29, Yango Group Co.Ltd(000671) announced that the company’s holding stock Guangdonghectechnologyholdingco.Ltd(600673) group recently negotiated with Taikang Life Insurance and Taikang pension insurance, the second largest shareholder of the company, and the two sides intend to sign a supplementary agreement to the cooperation agreement on the reduction of the shares of Taikang Life Insurance and Taikang pension to 3.99%. From the date of completion of the transfer of shares in Taikang agreement, the cooperation agreement signed in the earlier stage will be automatically terminated and will not be performed again.

According to the announcement, Taikang’s equity transfer, which was previously reduced, is still in the transfer registration of China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. The effective date of the above supplementary agreement shall be subject to the completion of transfer registration. If the transfer of the subject shares cannot be completed for some reason, the cooperation agreement shall continue to be implemented.

Yango Group Co.Ltd(000671) said in the announcement that the effective condition of relevant commitments in the original cooperation agreement is that the shareholding of Taikang Life Insurance and Taikang pension is not less than 9%, and now the shareholding ratio of Taikang is reduced to 3.99%. According to the supplementary agreement, if the company fails to complete the annual performance involved in the cooperation agreement, it will not receive the performance compensation promised by sunshine group.

Yango Group Co.Ltd(000671) also said that it would continue to follow up relevant matters, fully protect and safeguard the interests of the listed company and all shareholders, and timely fulfill the obligation of information disclosure according to the progress. Please pay attention to investment risks and invest cautiously.

(Beijing business daily)

 

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