Lenovo Investment and IAB to transfer part of Green Alliance Technology shares

www.techweb.com.cn/world/2019-02-11/2...

[TechWeb] on February 11, the Shenzhen Stock Exchange listed company Green Alliance Technology announced a day ago, Lenovo Investment and IAB intends to transfer some of its shares in Green League technology.

NSFOCUS announcement screenshot

Screenshot of green league technology bulletin

Green League Technology said that before the transfer of the share agreement, Investor AB Limited (hereinafter referred to as "IAB") held 146742476 shares of the company, accounting for 18.3503 of the total share capital of the company, making it the company's largest shareholder. The number of shares transferred this time is 71124638 shares. 8.8942% of the total share capital of the company; Lenovo Investment Limited (hereinafter referred to as "Lenovo Investment") holds 87316418 shares of the company, accounting for 10.9190 shares of the total share capital of the company, the number of shares transferred to 39956969 shares, accounting for the total share capital of the company 4.9967.

After the completion of the share agreement transfer, CLP Electronic Information Industry Investment Fund (Tianjin) partnership (limited partnership) (hereinafter referred to as "CLP Fund") holds 55097548 shares of the company, accounting for the total share capital of the company 6.8900; China Electric Power Company (Chengdu) network security equity investment fund partnership (limited partnership) (hereinafter referred to as "network security fund") holds 55984059 shares of the company, accounting for the total share capital of the company 7.0009. China Light and Power Fund and Network Security Fund is a concerted action, holding a total of 111081607 shares of the company, accounting for the total share capital of the company 13.890910.

Equity transfer price

The share transfer price is RMB 9.08 per share, and the total share transfer price is the transfer price per share multiplied by the number of underlying shares. Transferee A shall pay the IAB a share transfer price of RMB 137,476,457.32, and Transferee B shall pay the IAB a share transfer price of RMB 508,335,255.72.

The parties agree that, during the transitional period, if the number of shares in the underlying shares mentioned in the agreement changes or other exclusions are caused by the company's stock giving, accumulation fund conversion, split shares, rights issue, etc., The number of shares and the transfer price per share shall also be adjusted in accordance with the relevant rules of the Shenzhen Stock Exchange, but the transfer price of the shares shall not change. If, during the interim period, the target company pays cash dividends to the transferor on the basis of accumulated undistributed profits, the share transfer price scheduled to be paid by the transferee to the transferor in accordance with the agreement shall be less than the amount of the cash dividend (including tax) corresponding to the underlying shares.

Green Alliance Technology today trading at 9.65 yuan, the total market value of about $7.717 billion.

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