M.L.S. intends to equity transfer some of its subsidiaries, involving a total of up to 24 million

Yesterday (5) evening, Linsen Limited by Share Ltd (hereinafter referred to as the "company") announced on June 5, 2017, the company held the third session of the twelve meeting of the board of directors approved "on the wholly owned subsidiary and holding subsidiary equity transfer bill". To improve the efficiency of management, optimize the allocation of resources, reduce operating costs, to further expand the market, the full implementation of the strategic plan for the long-term development of a company, the company intends to product sales model by direct transformation for distribution, the company intends to sales subsidiary part of wholly owned and controlled shares of the shares transferred to the third the party, the transfer of shares to net assets as of December 2016 31 the audit for the benchmark price, considering the profit and dividend factors after consultation by the relevant parties to determine the price of the equity transfer, the equity transfer amount is expected to not more than 24 million yuan. In the range of 24 million yuan of above, specific issues of directors to Licensing companies general manager Mr. Sun Qinghuan on the transfer of equity transfer in decisions related to equity agreement and the industrial and commercial registration matters required application documents and other documents signed on behalf of the company, and to authorize the relevant personnel to handle the relevant equity transfer procedures. Company expects the relevant equity transfer of the transaction price, total assets, operating income and net profit will not reach the laws and regulations and documents shall be timely disclosure of the standard asset sale transaction. If the relevant equity transfer transaction price reached the standard of information disclosure about asset sale, the company will be in accordance with the relevant provisions of laws, regulations and normative documents shall go through the corresponding examination and approval procedures, and timely disclosure obligations.

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