See you again for the exorbitant breakup fee! The chairman of this A-share company has also left
On the evening of September 15th, Guoguang Corporation announced that it had recently received a notice from Chairman and President Yan Yaqi, stating that after friendly negotiations with Hu Lixia, they had completed the procedures for terminating their marriage and made relevant arrangements for share division and other matters.
200 million yuan "breakup fee"
According to the divorce agreement signed by the two, Yan Yaqi plans to split his 20.4492 million shares of the company, accounting for approximately 4.702% of the total shares, under the name of Hu Lixia.
Before this equity change, Yan Yaqi held 9.404% equity in the company, while Hu Lixia did not hold any shares in the company. After the equity change, Yan Yaqi and Hu Lixia each hold 20.4492 million shares of the company, each accounting for approximately 4.702% of the total share capital.
As of the closing price on September 15th, the stock price of Guoguang Co., Ltd. was 10.98 yuan, up 2.71%. According to the closing price on that day, Hu Lixia will receive a market value of over 200 million yuan for her shares.
According to the data, Guoguang Group specializes in the research and development, production, and sales of plant growth regulators and high-efficiency water-soluble fertilizers. Yan Yaqi is the second largest shareholder of the company, and his father Yan Changxu is the actual controller of the company, holding 161 million shares, accounting for 37% of the total share capital.
Guoguang Group stated that this equity change has no substantial impact on the company's operations and management, and will not result in any changes in the company's controlling shareholders or actual controllers, nor will it involve any changes in the company's control rights.
Agree to "bind" the reduction limit
The reporter noticed that although some of Yan Yaqi's equity has been transferred to his ex-wife, the two will merge and calculate their major shareholder identities, sharing the reduction quota of major shareholder centralized bidding and bulk trading. This is also in line with the requirements related to "divorce style share reduction" previously issued by the China Securities Regulatory Commission, as well as the implementation rules for share reduction issued by the exchange.
According to the disclosure, after this equity change, Yan Yaqi and Hu Lixia continued to jointly comply with the "Several Provisions on the Reduction of Shares by Shareholders, Directors and Supervisors of Listed Companies", the "Management Rules for the Shares and Changes held by Directors, Supervisors and Senior Management of Listed Companies", and the "Implementation Rules for the Reduction of Shares by Shareholders, Directors, Supervisors and Senior Management of Listed Companies on Shenzhen Stock Exchange" regarding information disclosure, reduction limits, and reduction restrictions of major shareholders and directors, supervisors and senior management.
Specifically, Yan Yaqi and Hu Lixia will merge and calculate the identities of major shareholders, share the reduction quotas for centralized bidding and bulk trading, and fulfill the information disclosure obligations of major shareholders.
In addition, during Yan Yaqi's tenure, Yan Yaqi and Hu Lixia shall not transfer more than 25% of their respective total shares of the company each year, and shall respectively fulfill their pre disclosure obligations of reducing their holdings through centralized bidding transactions.
On July 28th, officials from relevant departments of the China Securities Regulatory Commission answered questions from reporters regarding the divorce and division of shares by shareholders of listed companies. The China Securities Regulatory Commission has clearly stated that it is not allowed to evade the reduction restrictions through any means such as divorce, dissolution, liquidation, or separation.
Subsequently, both the Shanghai and Shenzhen Stock Exchanges answered investors' questions on the application of the Implementation Rules for the Reduction of Shares by Shareholders, Directors, Supervisors, and Senior Management of Listed Companies, elaborating in detail on the application of the reduction of shares after major shareholders, directors, supervisors, and senior executives receive shares due to divorce, termination of legal or non legal person organizations, and company separation.
After the press conference of the Implementation Rules mentioned above, listed companies including Heli Technology and Dongwang Times agreed to "bind" the reduction quota or make a commitment to jointly comply with the reduction standards.
