The meta universe leader Shenzhen Zqgame Co.Ltd(300052) which has been silent for some time has made big news again.
On the evening of January 10, it was announced that Shenzhen Zqgame Co.Ltd(300052) Hong Kong, a wholly-owned subsidiary of the company, planned to acquire 51% equity of Baode Asset Management Hong Kong Co., Ltd. (to be renamed “baoerlide yuan universe digital platform Co., Ltd.) from Li Ruijie, the actual controller of the company, and signed the corresponding equity transfer agreement. The transaction consideration was HK $0. The company said that baoerlide yuan universe digital platform Co., Ltd. hopes to become a pioneer of game UGC (user generated content) platform.
While throwing out the action of overweight yuan universe, the company disclosed that the controlling shareholder of Shenzhen Zqgame Co.Ltd(300052) Shenzhen Baode Investment Holding Co., Ltd., the controlling shareholder of Shenzhen Baode Technology Co., Ltd. and the actual controller Li Ruijie planned to reduce his holdings by no more than 3% of the total shares of the company within 3 months after 15 trading days from the announcement date.
the registered capital of the subject party is HK $10000
The announcement shows that Baode Asset Management Hong Kong Co., Ltd. has a registered capital of HK $10000 and Li Ruijie holds 100% equity. According to Tianyan survey, Baode Hong Kong was registered in January 2018. It is worth pondering that Baode Hong Kong plans to change its name to baoerlide yuan universe digital platform Co., Ltd.
Shenzhen Zqgame Co.Ltd(300052) said that this related party transaction is based on the needs of the company’s strategic planning and business development, relying on Hong Kong’s regional advantages, effectively strengthen international cooperation and the development of overseas business, accelerate the company’s international development process, increase the degree of participation in the international market, and find and tap the market potential and space on a larger scale and in a deeper level.
For the layout prospect, Shenzhen Zqgame Co.Ltd(300052) said that metauniverse has laid the foundation for digital creation by combining the Internet, games, social networks and virtual technology. Baoerlide yuan universe digital platform Co., Ltd. hopes to become the pioneer of game UGC platform, connect the world through games, and provide users, content creators and project parties with a space for imagination, creation and practice.
It is worth noting that Shenzhen Zqgame Co.Ltd(300052) fully enjoys the advantages of the concept of meta universe. In early September 2021, the company disclosed that it was about to launch a meta universe game “Brewing Master”, a virtual reality dream linkage simulation operation. As soon as the news came out, it immediately set off a meta universe storm in the secondary market. Shenzhen Zqgame Co.Ltd(300052) reached a stage high of 42.63 yuan / share on November 11, 2021, with a cumulative increase of 382.68% in two months, which was pushed to the throne of the leader of the concept of the yuan universe.
On January 3, 2022, Li Ruijie, the actual controller of Shenzhen Zqgame Co.Ltd(300052) , published a demonstration of the H5 version of master brewer on his microblog, and said that there will be 2D, 3D (including lock perspective), VR, overseas and robroth versions in the future. However, the concept of this meta universe game, the quality of the game has been questioned by the market, some netizens make complaints about the style of Tucao too rough.
In the demonstration screen, the plot of “Jinsha ancient wine” also appeared. Tianyan inspection shows that Jinsha ancient wine is a company under Li Ruijie. Using the game layout meta universe, Li Ruijie did not forget to take the opportunity to pull traffic for wine enterprises in the name of the game.
frequently concerned by regulators
It is worth noting that while Shenzhen Zqgame Co.Ltd(300052) announced the “0 yuan purchase” plan, Li Ruijie threw out the reduction plan.
Shenzhen Zqgame Co.Ltd(300052) it was disclosed on the evening of January 10 that Baode investment, Baode technology and Li Ruijie planned to reduce the total shares of the company by centralized bidding and block trading within 3 months after 15 trading days from the announcement date, i.e. no more than 7.8604 million shares, i.e. no more than 3% of the total shares of the company.
The announcement shows that Baode investment holds 19.1415 million shares of the company, accounting for 7.31% of the total share capital of the company; Baode technology holds 32763400 shares of the company, accounting for 12.5% of the total share capital of the company; Li Ruijie holds 833900 shares of the company, accounting for 0.32% of the total share capital of the company.
For the reasons for the reduction, Shenzhen Zqgame Co.Ltd(300052) is disclosed as the business needs of the controlling shareholder and the personal capital needs of the actual controller.
The reduction is not unexpected. Shenzhen Zqgame Co.Ltd(300052) in the reply to the attention letter of the exchange on November 10, 2021, the controlling shareholder and actual controller planned to reduce the shares not exceeding 3% of the total share capital of the company within three months from January 29, 2022.
Since the announcement of the layout of the meta universe, Shenzhen Zqgame Co.Ltd(300052) has attracted frequent regulatory attention. Since October 25, 2021, Shenzhen Zqgame Co.Ltd(300052) has received three letters of concern from the exchange. In the first two letters of concern, the exchange mainly focused on whether the company is suspected of speculation about the concept of meta universe.
The latest concern letter is about equity incentive. According to the 2021 stock option incentive plan (Draft) disclosed on November 22, 2021, the company plans to grant 2.63 million stock options to the actual controller, chairman Li Ruijie and the company’s director and general manager Li Yilun respectively. Li Ruijie and Li Yilun are father and son. They have been granted 5.26 million stock options in total, accounting for about 50% of the number granted in this incentive plan. The incentive plan takes the operating revenue of 2021 as the base, and the target is that the growth rate of operating revenue from 2022 to 2024 shall not be less than 10%, 20% and 30% respectively. The performance assessment of equity incentive requires only one item of operating income, and the indicators such as net profit are not included in the assessment scope.
Shenzhen stock exchange then sent a concern letter to Shenzhen Zqgame Co.Ltd(300052) asking whether it is reasonable and necessary that 50% of the stock option incentive plan disclosed by the company was granted to Li Ruijie and Li Yilun and his son? Is there benefit transfer? Is the setting of equity incentive performance indicators scientific?
In addition, Shenzhen Zqgame Co.Ltd(300052) announced on January 7 that it had recently received the decision on ordering the company to take corrective measures issued by Shenzhen Securities Regulatory Bureau. Due to the company’s irregularities in the operation of the three committees, the management of insider information and the management of related parties, Shenzhen Securities Regulatory Bureau decided to take regulatory measures to order the company to make corrections.
(source: China Securities Journal)
