CHINA QIDIAN GUOFENG HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1280)
COMPLETION OF
ISSUE AND SUBSCRIPTION OF NEW SHARES
UNDER GENERAL MANDATE
Reference is made to the announcements of Qidian International Co., Ltd. (the "Company") dated 7 and 16 September 2020 in relation to the issue and subscription of new shares under general mandate (collectively, the "Announcements"). Unless otherwise defined, all capitalised terms used herein shall have the same meanings as defined in the Announcements.
COMPLETION OF THE SUBSCRIPTION AGREEMENT II
The Board is pleased to announce that all conditions of the Subscription Agreement
- have been fulfilled and the completion of the Subscription Agreement II took place on 22 September 2020 in accordance with the terms and conditions of the Subscription Agreement II. An aggregate of 6,700,214 new Shares have been allotted and issued to the Subscriber II at the Subscription Price of HK$1.29 per Subscription Share.
PROCEEDS FROM THE SUBSCRIPTION
The gross proceeds and net proceeds from the Subscription amounted to approximately HK$39.3 million and approximately HK$38.9 million, respectively. The Company intends to use the net proceeds to settle the trade and bills payables and as general working capital to finance the Group's businesses and fund potential developments.
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EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY
The shareholding structure of the Company (i) immediately before completion of the Subscription Agreement I; (ii) immediately before completion of the Subscription Agreement II; and (iii) immediately upon completion of the Subscription Agreement II are as follows:
Immediately before | Immediately before | Immediately after | ||||
completion of the | completion of the | completion of the | ||||
Subscription | Subscription | Subscription | ||||
Name of Shareholder | Agreement I | Agreement II | Agreement II | |||
Approximate | Approximate | Approximate | ||||
Number of | % | Number of | % | Number of | % | |
Shares | shareholding | Shares | shareholding | Shares | shareholding | |
Noble Trade | ||||||
International | ||||||
Holdings Limited (聖 | ||||||
行國際集團有限公司) | 28,455,000 | 18.69% | 28,455,000 | 16.16% | 28,455,000 | 15.57% |
Hong Kong Ruihong | ||||||
Yixing International | ||||||
Co., Limited (香港瑞 | ||||||
宏藝興國際有限公司) | 18,400,210 | 12.08% | 18,400,210 | 10.45% | 18,400,210 | 10.07% |
Subscriber I | - | - | 23,755,306 | 13.49% | 23,755,306 | 13.00% |
Subscriber II | 6,979,390 | 4.58% | 6,979,390 | 3.96% | 13,679,604 | 7.49% |
Other public | ||||||
Shareholders | 98,443,000 | 64.65% | 98,443,000 | 55.92% | 98,443,000 | 53.87% |
Total | 152,277,600 | 100.00% | 152,277,600 | 100.00% | 182,733,120 | 100.00% |
Note: The percentage figures in the table above may not add up to the total due to rounding.
By order of the Board
Qidian International Co., Ltd.
Yuan Li
Chairman
Yangzhou, PRC, 22 September 2020
As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Yuan Li, Mr. Xu Xinying, Ms. Liu Simei and Mr. Sun Lejiu, one non-executive Director, namely Ms. Xu Honghong and three independent non-executive Directors, namely Mr. Zhao Jinyong, Mr. Chen Rui and Mr. Fung Tak Choi.
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Qidian International Co. Ltd. published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 08:59:04 UTC
