Yidong Electronic Technology Co., Ltd
Notes on the evolution of share capital since the establishment of the company
Confirmation opinions of directors, supervisors and senior managers
interpretation
The issuer, the company and Yidong refer to Yidong Electronic Technology Co., Ltd., which is a joint stock limited company established by Dongguan Yidong Electronics Co., Ltd. on December 30, 2019
Yidong Co., Ltd. refers to Dongguan Yidong Electronics Co., Ltd., established on May 14, 1997, which is the predecessor of the issuer
Yidong holding refers to Dongguan Yidong Holding Co., Ltd., which is a shareholder of the issuer
Yuecai trust refers to Guangdong Yuecai Trust Co., Ltd
Yifu investment refers to Dongguan Yifu investment consulting enterprise (limited partnership), which is the shareholder of the issuer
Yining investment refers to Dongguan Yining investment consulting enterprise (limited partnership), which is the shareholder of the issuer
Yicui investment refers to Dongguan yicui investment consulting enterprise (limited partnership), which is the shareholder of the issuer
Yihe investment refers to Dongguan Yihe investment consulting enterprise (limited partnership), which is the shareholder of the issuer
Xiaomi industrial fund refers to Hubei Xiaomi Changjiang Industrial Fund partnership (limited partnership), which is the shareholder of the issuer
AVIC investment refers to Shenzhen Nanshan AVIC unmanned system equity investment fund partnership (limited partnership), which is the shareholder of the issuer
Kunshi Tianli investment refers to Ningbo Kunshi Tianli equity investment partnership (limited partnership), which is the shareholder of the issuer
Kunshi Chuangfu investment refers to Shenzhen Kunshi Chuangfu investment enterprise (limited partnership), which is the shareholder of the issuer
Kunshi Zhichuang investment refers to Ningbo Kunshi Zhichuang equity investment partnership (limited partnership), which is the shareholder of the issuer
Guoxin Investment refers to Shenzhen Guoxin South No. 2 investment partnership (limited partnership), which is the shareholder of the issuer
CSRC refers to the China Securities Regulatory Commission
Shenzhen stock exchange refers to Shenzhen Stock Exchange
Wuhan Huaxing refers to Wuhan Huaxing Electronics Co., Ltd
Wuhan SASAC refers to the state owned assets supervision and Administration Commission of Wuhan Municipal People’s government
The articles of association refers to the articles of association of the issuer and its predecessors, including the articles of association of Dongguan Yidong Electronics Co., Ltd. and the articles of association of Yidong Electronic Technology Co., Ltd
The amendment to the articles of association refers to the amendment to the articles of association of the issuer and its predecessor reviewed and approved by the shareholders’ meeting, including the amendment to the articles of association of Dongguan Yidong Electronics Co., Ltd. and the amendment to the articles of association of Yidong Electronic Technology Co., Ltd
Amendment to the articles of association of limited company
1、 Overall evolution of the issuer’s share capital
Yidong Electronic Technology Co., Ltd. was wholly changed and established by Dongguan Yidong Electronic Co., Ltd. Yidong Co., Ltd. was established on May 14, 1997. Since its establishment, the evolution of its previous share capital is shown in the table below:
14 May 1997
Yidong Co., Ltd. was established with a registered capital of 600000 yuan
12 December 1997
First equity transfer of Yidong Co., Ltd
Give Way
The registered capital is 600000 yuan
15 November 2000
Second equity transfer of Yidong Co., Ltd
Give Way
The registered capital is 600000 yuan
September 8, 2010
The first capital increase of Yidong Co., Ltd. has a registered capital of 10 million yuan
September 16, 2011
The second capital increase of Yidong Co., Ltd. has a registered capital of 30 million yuan
December 21, 2011
The third capital increase of Yidong Co., Ltd. has a registered capital of 100 million yuan
February 15, 2015
The fourth capital increase of Yidong Co., Ltd. has a registered capital of 101.338 million
element
September 6, 2016
The third equity transfer of Yidong Co., Ltd
Give Way
The registered capital is 101.338 million yuan
element
November 30, 2018
The fifth capital increase of Yidong Co., Ltd. has a registered capital of 151.338 million
element
December 28, 2018
The sixth capital increase of Yidong Co., Ltd. has a registered capital of 157.058 million
element
July 30, 2019
The seventh capital increase of Yidong Co., Ltd. has a registered capital of 169.808 million
element
October 25, 2019
The eighth capital increase of Yidong Co., Ltd. has a registered capital of 17505.9794
Ten thousand yuan
December 30, 2019
Yidong Co., Ltd. changed into shares as a whole
The registered capital of the company is 175.2 million
element
2、 History of the company
According to the industrial and commercial registration data of the issuer, the equity changes of Yidong Co., Ltd. from its establishment to its overall change to the issuer are as follows:
(i) In May 1997, Yidong Co., Ltd. was established
On April 3, 1997, Dongguan Administration for Industry and Commerce approved and issued the “enterprise name pre approval notice” (Guan) name pre approval [1997] No. 0293), and the approved enterprise name was “Dongguan Yidong Electronics Co., Ltd.”. On April 8, 1997, Wu Yiming and Deng Yuquan jointly signed the articles of association, which agreed that the registered capital of the company was 600000 yuan, of which Wu Yiming contributed 360000 yuan (280000 yuan for fixed assets and 80000 yuan for currency), with a contribution ratio of 60%; Deng Yuquan invested 240000 yuan in fixed assets, accounting for 40%. According to the asset appraisal report [97] Dong Ping Zi No. 42 issued by Dongguan asset appraiser office on April 23, 1997, the physical assets proposed to be invested by the shareholders in Yidong Co., Ltd. (Preparatory) are appraised on April 21, 1997, with the appraisal value of 530000 yuan.
On April 28, 1997, Dongguan Certified Public Accountants issued the capital verification report (dhyz (1997) No. a0289) to verify the availability of the registered capital of Dongguan Yidong Electronics Co., Ltd. (Preparatory). According to the report, after verification, as of April 23, 1997, the company had received a total registered capital of 600000 yuan paid by Wu Yiming and Deng Yuquan in currency and fixed assets, of which Deng Yuquan contributed 240000 yuan in physical assets, Wu Yiming contributed 280000 yuan in physical assets and 80000 yuan in currency.
On May 14, 1997, the company obtained the business license for enterprise legal person with the registration number of 44190014288 issued by Dongguan Administration for Industry and commerce.
The equity structure of the company at the time of establishment is as follows:
No. shareholder name contribution amount (10000 yuan) shareholding ratio (%)
1 Wu Yiming 36.0060.00
2 Deng Yuquan 24.0040.00
Total 60.00100.00
（2） In December 1997, the first equity transfer
On December 1, 1997, the shareholders’ meeting of Yidong Co., Ltd. made a resolution agreeing to add Wang Guotai as a new shareholder and modify the articles of association accordingly. On the same day, Wu Yiming signed the equity transfer contract with Wang Guotai and Deng Yuquan respectively. Wu Yiming transferred 41% equity (i.e. the capital contribution of 246000 yuan) and 1% equity (i.e. the capital contribution of 60000 yuan) of Yidong Co., Ltd. to Wang Guotai and Deng Yuquan respectively at the transfer prices of 246000 yuan and 60000 yuan respectively. When accepting the aforesaid equity, Wang Guotai was the chairman of Wuhan Huaxing and the legal representative of Wuhan radio equipment factory, the state-owned controlling shareholder of Wuhan Huaxing. According to the industrial and commercial registration data of Wuhan Huaxing, through interviews with Wang Guotai and Deng Yuquan, and through interviews with Wuhan radio equipment factory, the current investor Wuhan Industrial Holding Group Co., Ltd. (Wuhan Huaxing was restructured into a private enterprise in 2003), Wu Yiming’s contribution includes the rights and interests of Wuhan Huaxing, and Wu Yiming transferred 41% of the equity of Yidong Co., Ltd. to Wuhan Huaxing, Wuhan Huaxing entrusted the then chairman and legal representative Kingdom taidai Wuhan Huaxing to transfer 41% equity of Yidong Co., Ltd.
On December 2, 1997, all shareholders of Yidong Co., Ltd. signed the amendment to the articles of association.
On December 12, 1997, Yidong Co., Ltd. completed the industrial and commercial change registration procedures for the above equity transfer. After the equity transfer, the equity structure of Yidong Co., Ltd. is as follows:
Name of shareholder contribution amount (10000 yuan) contribution proportion (%)
Deng Yuquan 24.6041.00
Wang Guotai 24.6041.00
Wu Yiming 10.8018.00
Total 60.00100.00
（3） In November 2000, the second equity transfer
On October 16, 2000, the shareholders’ meeting of Yidong Co., Ltd. made a resolution and agreed that Wang Guotai would transfer 31% equity (i.e. capital contribution of 186000 yuan) and 10% equity (i.e. capital contribution of 60000 yuan) of Yidong Co., Ltd. to Deng Yuquan and Wang Gang respectively, with the transfer prices of 186000 yuan and 60000 yuan respectively; Agree that Wu Yiming will transfer the 18% equity of Yidong Co., Ltd. (i.e. the capital contribution of RMB 108000) to Deng Yuquan at RMB 108000; Agree to amend the articles of association accordingly. On the same day, the transferor and the transferee of the above equity transfer signed the equity transfer contract respectively. On the same day, all shareholders of Yidong Co., Ltd. signed the amendment to the articles of association.
On November 15, 2000, Yidong Co., Ltd. completed the industrial and commercial change registration procedures for the above equity transfer. After the equity transfer, the equity structure of Yidong Co., Ltd. is as follows:
No. name of shareholder contribution amount (10000 yuan) contribution proportion (%)
1 Deng Yuquan 54.0090.00
2 Wang Gang 6.0010.00
Total 60.00100.00
According to the transfer agreement, vehicle registration information and other materials separately signed by Wuhan Huaxing, Wang Guotai and Deng Yuquan on this equity transfer, and through interviews with Wang Guotai and Deng Yuquan, Wuhan radio equipment factory’s current investor, Wuhan Industrial Holding Group Co., Ltd., Wuhan Huaxing and its then chairman The legal representative Wang Guotai and Deng Yuquan signed the transfer agreement on October 15, 2000, which agreed that Wuhan Huaxing agreed to transfer all its equity (41% equity) in Yidong Co., Ltd. to Deng Yuquan, and Deng Yuquan transferred a Toyota Camry (domestic brand “flying crane”) car to Wuhan Huaxing as the Fund for purchasing Wuhan Huaxing’s equity in Yidong Co., Ltd, It is also agreed that after the equity transfer agreement is signed and takes effect, all creditor’s rights and debts of Yidong Co., Ltd. have nothing to do with Wuhan Huaxing. Upon inspection, the 41% equity of Yidong Co., Ltd. held by Wuhan Huaxing has completed the industrial and commercial change registration procedures on November 15, 2000, and Deng Yuquan has also delivered the equity transfer consideration to Wuhan Huaxing.
According to the industrial and commercial registration data of Wuhan Huaxing, at the time of the above equity transfer, Wuhan Huaxing was a state-owned enterprise controlled by Wuhan radio equipment factory under the former Wuhan electromechanical state holding (Group) company. In view of the equity holding and transfer in the history of Yidong Co., Ltd., Wuhan SASAC, the investor of Wuhan Industrial Holding Group Co., Ltd., the current investor of Wuhan radio equipment factory, issued the reply on matters related to equity transfer of Yidong Electronic Technology Co., Ltd. on July 28, 2020, confirming that “in the electromechanical industry”
