Snow Wright 2016 income increase does not increase profits, the transferee Ming education 1.8753% stake

Wright 21 disclosed in 2016 annual report, the reporting period, the company's overall operating income of 813397059.56 yuan, an increase of 1.47% a year, a total profit of 30655705.28 yuan, compared with last year reduced 50.41%; net profit attributable to owners of the parent company 40503908.19 yuan, down 28.69% from last year.

The annual report shows that the company's 2016 annual profit distribution plan is: to 366994836 as the base, to all shareholders 10 cash dividends per share 0.3 yuan, to the capital accumulation fund to all shareholders 10 shares for every 10 shares.

On the same day, the company also issued another announcement that received the Guangdong Wright enterprise management partnership (limited partnership) Notice, signed a share transfer agreement on March 17th and natural Ye Furong, with its own funds 15 million 3 thousand yuan transferee held by Ye Furong Guangzhou city master education services Limited by Share Ltd 1.8753%, transfer price of 66.68 yuan per share.

Guangdong snow light enterprise management partnership (limited partnership) in December 2016, the transferee of Guangzhou Ming Chu investment management partnership (limited partnership) holds the Ming division education stock.

After the acquisition, at present, the Guangdong snow Wright enterprise management partnership (limited partnership) holds 502000 shares of the Ming division education stock, accounting for 4.1839% of the total share capital of the Ming division education.

Ming teacher education was founded in 2005, and its shares were listed on the National SME share transfer system in July 28, 2016. The main business of Ming teacher education is extracurricular tutoring, educational and educational consulting services. Master of education services directly to end customers, the main customer groups for students and part of preschool and university students; the main training service project launched for extracurricular classes, full-time repeat, one on one, foreign language training and other types of education and training project.

In May 2016, snow Wright decided to set up an industrial fund through the joint venture with Shenzhen Qianhai Ying Sheng Capital Management Co., Ltd., which was named Guangdong snow light enterprise management partnership (limited partnership).

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