Company abbreviation: Chengdu B-Ray Media Co.Ltd(600880) securities code: 600880 No.: Lin 2021-053 Chengdu B-Ray Media Co.Ltd(600880)
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents. Important content tips:
Beijing roaming Valley Information Technology Co., Ltd. (hereinafter referred to as “roaming Valley”), a wholly-owned subsidiary of Chengdu B-Ray Media Co.Ltd(600880) , was publicly listed on Southwest United equity exchange (hereinafter referred to as “Southwest Stock Exchange”) on September 6, 2021 to increase capital and shares. It plans to introduce a strategic investor to raise monetary funds of no less than 30 million yuan. The listing deadline is 17:00 on December 30, 2021. At 17:10 on December 30, 2021, roaming Valley received the solicitation letter of southwest United equity exchange on intended investment qualification issued by Southwest stock exchange. Upon review and confirmation, Shanghai magic power information technology Co., Ltd. (hereinafter referred to as “Shanghai magic power”) is a qualified intended investor for the capital increase and share expansion.
The company and roaming valley will communicate and negotiate with Shanghai magic power on this capital and share increase as soon as possible, but there are uncertainties about whether the relevant parties can reach consensus, when to sign relevant agreements and whether the cooperation can be finally reached.
1、 Transaction overview
On August 27, 2021, the company held the 13th meeting of the 10th board of directors, deliberated and approved the proposal on introducing strategic investors for capital increase and share expansion of wholly-owned subsidiaries and waiving the preemptive right of the company. Roaming Valley plans to introduce a strategic investor to raise monetary capital of no less than 30 million yuan through public listing on Southwest stock exchange, RMB 1.25 million of the raised funds will be used to increase the registered capital of roaming Valley, and the rest will be included in the capital reserve. This transaction is based on the appraisal report, and the base price of capital increase is 24 yuan for every 1 yuan of registered capital. After the completion of this capital increase and share expansion, the proportion of equity held by new shareholders in roaming valley will be 11.11%, and the equity held by the company in roaming valley will be reduced from 100% to 88.89%. (for details, see the announcement on the proposed capital increase and share expansion of a wholly-owned subsidiary, the introduction of strategic investors and the company’s waiver of the preemptive right (Lin 2021-047).
On September 6, 2021, the above capital and share increase matters have been listed on Southwest stock exchange. According to the relevant trading rules of Southwest stock exchange, the listing deadline of this matter is 17:00 on December 30, 2021.
2、 Transaction progress
At 17:10 on December 30, 2021, roaming Valley received the solicitation letter of southwest United equity exchange on the qualification of intended investment (Project No.: g62021sc1000013) issued by Southwest stock exchange. During the announcement period, Shanghai magic Information Technology Co., Ltd., an intended investor, submitted application materials and paid full deposit. Roaming Valley has reviewed the registration materials of Shanghai magic power and confirmed that it is qualified for investment. Therefore, the intended investor of roaming Valley’s capital and share increase is Shanghai magic power.
Shanghai magic power has no relationship with the company in terms of property rights, business, assets, creditor’s rights and debts, personnel, etc. 3、 Risk tips
At present, Shanghai magic power is only the intended investor for increasing capital and shares of roaming valley. Subsequently, relevant parties will consult on the details of cooperation as soon as possible, but there are uncertainties about whether the above matters can be finally agreed and when the agreement will be signed. The company will disclose the progress of the matter in time. Please pay attention to the investment risk. The relevant business progress of the company shall be subject to the information publicly disclosed by the company. Investors are requested not to take the untrue or speculative information published on the Internet or other informal media as the investment basis and pay attention to the investment risk.
It is hereby announced.
Chengdu B-Ray Media Co.Ltd(600880) board of directors
December 30, 2021
