Beijing Compass Technology Development Co.Ltd(300803) board of directors
Explanation on the fact that the relevant entities of this reorganization are not allowed to participate in major asset reorganization
Beijing Compass Technology Development Co.Ltd(300803) (hereinafter referred to as “the company”) as the reorganization investor of wechat Securities Co., Ltd. (hereinafter referred to as “wechat securities” and “target company”), intends to pay RMB 1.5 billion in cash to the manager of wechat securities to pay off the debts of wechat securities, and holds 100% equity of wechat securities after the completion of reorganization (hereinafter referred to as “this transaction”). This transaction constitutes a major asset restructuring of the listed company. According to the provisions of Article 13 of the guidelines for the supervision of listed companies No. 7 – supervision of abnormal stock transactions related to major asset restructuring of listed companies, the board of directors of the company explains whether the relevant subjects of this transaction are not allowed to participate in any major asset restructuring of listed companies as follows:
After verification, The board of directors of the company believes that the company is the relevant subject of this transaction (including the controlling shareholders, actual controllers and institutions under their control of the company, the counterparty and the above subjects, the directors, supervisors and senior managers of the company and its controlling shareholders, the target company and the securities companies, accounting firms, law firms, evaluation institutions and their handling personnel providing services for this major asset restructuring) There is no case of being placed on file for investigation or investigation due to insider trading suspected of being related to this major asset restructuring, and there is no case of being subject to administrative punishment by the CSRC or criminal responsibility investigated by judicial organs according to law due to insider trading related to major asset restructuring in the last 36 months.
It is hereby explained.
Beijing Compass Technology Development Co.Ltd(300803) board of directors
March 17, 2022
