Qiming Information Technology (002232.SZ) issued an announcement that the controlling shareholder of the company, China First Automobile Group Co., Ltd. (hereinafter...)
Qiming Information Technology (002232.SZ) announced that its controlling shareholder, China First Automobile Group Co., Ltd. (hereinafter referred to as "China First Automobile"), has entrusted its wholly-owned subsidiary, Yiqi Chuxing Technology Co., Ltd. (hereinafter referred to as "Chuxing Company"), to fully exercise all shareholder rights other than the right to receive dividends (including the right to distribute profits, remaining property and income from share transfer, and other property rights), and the right to dispose of shares (including the right to transfer, gift, pledge, or transfer of the shares).
After the entrustment of the shares, Chuxing Company can actually exercise approximately 48.67% of the company's voting rights, exceeding 30%, triggering a mandatory offer, but since the equity changes are made between entities controlled by the same ultimate controller, it is exempt from the obligation to increase the shareholding by way of a mandatory offer. After the entrustment of the shares, the direct controlling shareholder of the company will be changed from China First Automobile to Chuxing Company, and the ultimate controller will remain unchanged.