The woman took over 200 million yuan and they announced divorce
According to the Red Star Capital Bureau on September 16th, on the evening of the 15th, the listed company Guoguang Group announced that it had recently received a notice from shareholders, chairman, and CEO Yan Yaqi, who hold more than 5% of the company's shares. It was learned that Yan Yaqi and Hu Lixia have gone through friendly negotiations to terminate their marriage and make relevant arrangements for share division and other matters.
Guoguang Group stated that before this equity change, Yan Yaqi held 40.898 million shares of the company, accounting for 9.404% of the total share capital. Hu Lixia did not hold any shares of the company before this equity change. According to the divorce agreement signed by both parties, Yan Yaqi plans to divide his 20.449 million shares of the company, approximately 4.702% of the total shares, into Hu Lixia's shares. This equity change will not cause any changes in the controlling shareholders or actual controllers of the company, and does not involve any changes in the company's control.
Screenshot from Guoguang Corporation Announcement
As of the closing price on September 15th, the stock price of Guoguang Corporation was 10.98 yuan per share, with a total market value of 4.775 billion yuan. Based on this calculation, the market value of 4.702% of the shares is nearly 225 million yuan.
Guoguang Group was established in 1984, with business scope including chemical pesticide manufacturing and chemical fertilizer manufacturing. According to the 2023 semi annual report, the company achieved a revenue of 954 million yuan in the first half of the year, a year-on-year increase of 8.94%; The net profit attributable to the parent company was 169 million yuan, a year-on-year increase of 20.11%.
![The woman took over 200 million yuan and they announced divorce](https://a5qu.com/upload/images/624802416b9b98738ca0b27a9d22ecae.png)
Red Star Capital Bureau has noticed that Guoguang Corporation is a family owned enterprise. Yan Changxu is the largest shareholder and actual controller of the company, and Yan Yaqi is Yan Changxu's son. The third, fourth, and fifth shareholders Yan Changli, Yan Qiushi, and Yan Changcheng are Yan Changxu's brothers, the seventh shareholder Yan Ling is Yan Changcheng's child, the eighth and ninth shareholders Li Ru and Li Peiwei are Yan Changxu's younger sister's children, and the tenth shareholder Yan Ming is Yan Changli's child. Hu Lixia did not hold any positions in the company or its subsidiaries, nor did she participate in the company's production and operation management.
Screenshot from Guoguang Corporation's 2023 Half Year Report
On August 25th, the Shanghai and Shenzhen Stock Exchanges answered investors' questions regarding the application of the Implementation Rules for the Reduction of Shares by Shareholders, Directors, Supervisors, and Senior Management of Listed Companies, clarifying that if major shareholders distribute their shares in the form of divorce, termination of legal or non legal person organizations, or company separation, the issuing and entering parties should merge and continue to share the reduction amount of major shareholders.
Guoguang Group also stated in the announcement that after this equity change, Yan Yaqi and Hu Lixia will merge to calculate their major shareholder status, and the merger will be subject to the provisions of the Implementation Rules for the Reduction of Shares by Shareholders, Directors, Supervisors, and Senior Management of Listed Companies on the Shenzhen Stock Exchange regarding the reduction ratio. Continuously sharing the reduction limit of no more than 1% for any consecutive 90 natural days through centralized bidding transactions by major shareholders, and no more than 2% for any consecutive 90 natural days through block trading, and fulfilling the pre disclosure obligations of major shareholders for reduction through centralized bidding transactions respectively.
Guoguang Group also stated that during Yan Yaqi's tenure, the annual transfer of shares by Yan Yaqi and Hu Lixia shall not exceed 25% of the total number of shares they each hold in the company, and they shall respectively fulfill their pre disclosure obligations of reducing their holdings through centralized bidding transactions. If Yan Yaqi resigns before the expiration of his term, both Yan Yaqi and Hu Lixia shall comply with the restrictive provisions of Article 12 of the Implementation Rules.
![The woman took over 200 million yuan and they announced divorce](https://a5qu.com/upload/images/3a6b42bde29829c8c3a7f126d709cdc6.png)