Summary
[Jihong Shares: The controlling shareholder and the persons acting in concert terminated the agreement to transfer the company’s shares]Jihong Shares announced that after the signing of the “Share Transfer Agreement”, the company’s controlling shareholder Zhuang Hao, Deyang Commercial Investment, Deyang Development Holding Group Co., Ltd. and Deyang State-owned Assets Supervision and Administration Commission There are differences in the use of funds. The Deyang State-owned Assets Supervision and Administration Commission did not approve the acquisition. The Share Transfer Agreement and the Voting Rights Entrustment Agreement are no longer valid. The transfer of shares under this agreement shall be terminated. (Financial Association)
Jihong sharesannouncementafter the signing of the “Share Transfer Agreement”, the company’s holdingshareholderZhuang Hao has disagreements with Deyang Commercial Investment, Deyang Development Holding Group Co., Ltd. and Deyang State-owned Assets Supervision and Administration Commission on the use of funds. The Deyang State-owned Assets Supervision and Administration Commission did not approve the acquisition. The Share Transfer Agreement and the Voting Rights Entrustment Agreement are no longer valid. The transfer of shares under this agreement shall be terminated.
(Article source: Financial Associated Press)
