On the evening of March 31, Chifeng Jilong Gold Mining Co.Ltd(600988) ( Chifeng Jilong Gold Mining Co.Ltd(600988) , SH) announced that the controlling shareholder Li Jinyang transferred part of his Chifeng Jilong Gold Mining Co.Ltd(600988) tradable shares with unlimited sales conditions through block trading, and planned to transfer part of his Chifeng Jilong Gold Mining Co.Ltd(600988) tradable shares with unlimited sales conditions to “Huaneng trust · Yuanhe No. 5 collective fund trust plan” (hereinafter referred to as “Yuanhe No. 5”) through agreement transfer; The above equity changes belong to the reduction of holdings and do not touch the tender offer.
equity transfer amount is RMB 1.612 billion
On March 31, Chifeng Jilong Gold Mining Co.Ltd(600988) received a notice from the shareholders Li Jinyang and Huaneng Guicheng Trust Co., Ltd. (hereinafter referred to as Huaneng Guicheng, on behalf of Yuanhe No. 5). Li Jinyang, the controlling shareholder of the listed company, transferred 51.368 million shares of the listed company held by him through block trading from December 30, 2021 to March 31, 2022, accounting for 3.09% of the total share capital of the listed company.
At the same time, Li Jinyang and Huaneng Guicheng signed the share transfer agreement on March 30. Li Jinyang plans to transfer 96 million tradable shares of the listed company held by him to Yuanhe No. 5 through agreement transfer, accounting for 5.77% of the total share capital of the listed company.
Qixinbao shows that Huaneng Guicheng, founded in 2002 with a registered capital of 6.195 billion yuan, is a non bank financial institution specializing in trust business under China Huaneng Group. Its business scope covers the whole country and its registered place is Guiyang City, Guizhou Province.
According to the announcement, the purpose of Huaneng Guicheng’s increase in shares of listed companies is to be optimistic about the development of listed companies and its own investment needs. The purpose of Li Jinyang’s transfer of equity of listed companies is to further implement the established strategic goal of optimizing the equity structure of listed companies and introduce powerful investors to listed companies; At the same time, raise funds to repay debts.
The share transfer price is 90% of the closing price of the shares of the listed company on the trading day before the signing date of the agreement (March 29), i.e. RMB 16.79/share, and the total share transfer price is RMB 1.612 billion.
Chifeng Jilong Gold Mining Co.Ltd(600988) said that as of the signing date of this report, there were no other arrangements for this equity change except those agreed in the signed share transfer agreement. This equity change will not lead to changes in the controlling shareholders and actual controllers of the company.
repeatedly reducing shares of listed companies
In addition to signing the equity transfer agreement, Li Jinyang reduced 18090500 shares, 6429500 shares, 8758200 shares, 14193300 shares and 3896500 shares of the listed company through block trading on December 30, 2021, January 5, 2022, January 25, 2022, March 30, 2022 and March 31, 2022, respectively, accounting for 1.09%, 0.39%, 0.53%, 0.85% and 0.23% of the total shares of the listed company.
In other words, the first time Li Jinyang reduced his shares was at the end of December 2021. In fact, it was less than a month before Li Jinyang obtained Chifeng Jilong Gold Mining Co.Ltd(600988) shares.
According to the announcement of Chifeng Jilong Gold Mining Co.Ltd(600988) 2021 on December 15, the actual controller of the company Zhao Meiguang died of illness on December 11, 2021. According to Zhao Meiguang’s will, all his personal estate is inherited by his spouse Li Jinyang.
Statistics show that Zhao Meiguang was born in 1962, with a bachelor’s degree, a Bachelor of business administration and a senior economist. From 2004 to 2010, he served as executive director of Longjing Hanfeng Mining Co., Ltd. and chairman of Huatai mining; From December 2010 to August 2013, he served as the chairman of Jilong mining; From December 2012 to February 2016, he served as the chairman of Chifeng Jilong Gold Mining Co.Ltd(600988) the Fifth Board of directors. According to the Hurun rich list in 2021, Zhao Meiguang and Li Jinyang ranked 852 with 8.8 billion yuan.
Previously, Li Jinyang did not directly hold shares of listed companies. After inheriting Zhao Meiguang’s legacy, Li Jinyang directly held 237 million Chifeng Jilong Gold Mining Co.Ltd(600988) shares, accounting for 14.27% of the total share capital of the listed company. Meanwhile, Li Jinyang indirectly held Chifeng Jilong Gold Mining Co.Ltd(600988) 51515200 shares through Beijing Hanfeng ZTE Management Consulting Center (limited partnership) (hereinafter referred to as Hanfeng ZTE), accounting for 3.10% of the total share capital of the listed company.
After Zhao Meiguang died, his legacy was inherited by Li Jinyang; Zhao Meiguang’s sisters Zhao Guixiang and Zhao Guiyuan hold 0.13% shares of the listed company respectively. According to the relevant provisions of the acquisition management measures, Li Jinyang, Hanfeng ZTE, Zhao Guixiang and Zhao Guiyuan are acting in concert.
Therefore, after the completion of the above reduction and equity transfer, the shares of Li Jinyang, the controlling shareholder and actual controller of the listed company, will be reduced to 901174 million shares, and the shareholding ratio will be reduced to 5.42%. Li Jinyang and those acting in concert held 146 million shares of listed companies, reducing the shareholding ratio from 17.63% to 8.77%.
