Hisense Kelon light transfer agreement to supplement equity without any burden

Yesterday, Kelon announcement, Guangdong Green Cole and Hisense air conditioning on equity transfer qianbuchongxieyi. Hisense added to the acquisition of double insurance, Kelon equity requirements in the absence of any pledge, freezing and other forms of the burden of transfer.

With the announcement, the share price yesterday, Kelon changed before the golden week go a trend, fell 9.28%, once the limit.

September 30, 2005, Kelon air conditioning from Hisense received purchase supplementary agreement held by the Guangdong Green Cole 26.43% stake in kelon. Supplementary agreement Hisense air conditioning requirements, the first payment paid to Guangdong Green Cole designated account, the account in the equity transfer by the previous Guangdong Green Cole, Hisense air conditioning with both have the right to the government department or judicial organs condominium, the corresponding equity transfer is completed at the same time, Hisense air conditioning co side exit pipe. The ownership of a share transfer shall not be subject to any form of liability (including the limitation of the right to pledge, seizure, freezing, and any other underlying shares, except as otherwise provided for by law). The September 21st Foshan City Intermediate People's Court seized the list of Kelon, Guangdong Kelon Kelon 26.43% stake in the control of Green Cole.

Hisense Kelon marketing operations in the incorporation of agile. Wang Jing, general manager of Hisense Beijing branch introduced in October 9th, Kelon and Hisense Beijing branch high-level meeting to discuss the subsequent joint marketing issues.