Gelonghui November 29丨*ST Jinglan (000711.SZ) announced an indicative announcement on changes in shareholders' equity and proposed changes in controlling shareholders and actual controllers. The reason for this change in equity was the implementation of the “Jinglan Technology Co., Ltd. Reorganization Plan” (“Reorganization Plan”). After the implementation of the “Reorganization Plan” is completed, the controlling shareholder of Jinglan Technology Co., Ltd. (“Jinglan Technology” or “Company”) will change from Beijing Yangshu Blue Sky Investment Center (Limited Partnership) (“Yang Shulantian”) to Yunnan Material Technology Co., Ltd. (referred to as “Yunnan Jiajia”) Jun”), the actual controller of the company will be changed from Mr. Guo Shaozeng to Mr. Ma Liyang.
According to the “Reorganization Plan”, using the existing total share capital of Jinglan Technology as the base, the capital reserve fund transfer capital was implemented according to the ratio of about 17.90921 shares for every 10 shares. A total of 1,833,308,407 shares were transferred. After the transfer, the total share capital of Jinglan Technology will increase from 1,023,667,816 shares to 2,856,976,223 shares (the final actual number of shares transferred is based on the actual number of shares registered and confirmed by the Shenzhen branch of China Securities Registration and Settlement Co., Ltd.). The aforementioned 1,833,308,407 shares were not distributed to the original shareholders. Of these, 1,233,000,000 shares of the transferred shares were used to introduce restructured investors, and 600,308,407 shares were used to implement debt-for-equity swaps.
Prior to this equity change, Yang Shulantian, the company's former controlling shareholder, held 170,763,781 shares of the company, accounting for 16.68% of the total share capital before the change, while Yang Shu Lantian (Xiamen) Asset Management Partnership (Limited Partnership) held 48,141,732 shares of the company. The total number of shares held by the two accounted for 21.38% of the total share capital before the change. After this change in equity, the shareholding ratio of Yang Shulantian, the original controlling shareholder and his co-actors was passively diluted to 7.66%. Industrial investor Yunnan Jiajun held 540,000,000 shares of the company, accounting for 18.90% of the total share capital after the change. The shares held were sufficient to have a significant impact on the decisions of the company's shareholders' meeting. As a result, the controlling shareholder of the company will change to Yunnan Jiajun. Prior to this change in equity, the actual controller of the company was Mr. Guo Shaozeng. After this change in equity, the actual controller of the company will be changed to Mr. Ma Liyang.