On January 6, 5I5J Holding Group Co.Ltd(000560) announced that may 8 Co., Ltd. plans to reduce the total number of shares of the company by centralized bidding, block trading or a combination of the two methods, with a reduction ratio of no more than 3.29% of the total share capital of the company.
According to Tianyan survey, the shareholders of May 8th Co., Ltd. are Yao Jinbo, Zhang Lianqing and Beijing Wanglin Information Technology Co., Ltd., holding 46.84%, 39.82% and 13.34% respectively. Among them, the actual controller is Yao Jinbo.
According to the announcement, as of January 6, May 8th Co., Ltd. held 5I5J Holding Group Co.Ltd(000560) 195 million shares, accounting for 8.28% of the total share capital of 5I5J Holding Group Co.Ltd(000560) . If the reduction plan is completed and May 8th Co., Ltd. reduces its maximum holding of 5I5J Holding Group Co.Ltd(000560) 3.29% shares according to the plan, the shareholding proportion of May 8th Co., Ltd. will be less than 5%, and it still holds 5I5J Holding Group Co.Ltd(000560) 4.99% shares.
5I5J Holding Group Co.Ltd(000560) said that May 8th Co., Ltd. is not the controlling shareholder and actual controller of the company. In view of the need of its asset integration, it plans to reduce part of its shares in the company. The implementation of this reduction plan will not lead to the change of the company’s control and will not have an impact on the company’s governance structure and future sustainable operation.
(Beijing News)
