Securities code: Giant Network Group Co.Ltd(002558) securities abbreviation: Giant Network Group Co.Ltd(002558) Announcement No.: 2022-lin011 Giant Network Group Co.Ltd(002558)
Announcement on the proposed sale of equity assets by participating subsidiaries
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.
Giant Network Group Co.Ltd(002558) (hereinafter referred to as “the company”) recently received a letter from its joint-stock subsidiary Shanghai jukun Network Technology Co., Ltd. (hereinafter referred to as “jukun network”), according to playti Ka holding Corp (NASDAQ: pltk, hereinafter referred to as “playtika”) previously announced that “in order to maximize shareholder value, its board of directors has begun to evaluate playtika’s potential strategic options. As part of this process, the board of directors intends to consider a full range of strategic options, which may include the overall sale of the company or other possible transactions” (hereinafter referred to as “potential transactions”) 。 The evaluation procedure of the potential transaction has been started. Playtika holding UK II li mited, indirectly controlled by jukun network, as the controlling shareholder of playtika, is one of the participants in the potential transaction. If the potential transaction is completed and leads jukun network to sell all or part of its indirectly held playtika shares, it may have a significant positive impact on the company’s financial status and operating performance. The actual impact shall be subject to the conclusion of the company’s subsequent audit report.
This potential transaction is only a preliminary intention, and there are uncertainties in whether it can be concluded, as well as the counterparty, transaction time and transaction price. After determining the specific transaction scheme for sale, the company will perform relevant approval procedures and disclosure obligations in accordance with the requirements of relevant laws and regulations. Please pay attention to investment risks.
It is hereby announced.
Giant Network Group Co.Ltd(002558) board of directors
March 11, 2022
