The net assets of not more than 25 million! M.L.S. intends to liquidate the cancellation of part of subsidiary company

The evening of July 28th issued "the resolution of the third MLS meeting of the thirteenth board of directors notice", considered and passed three bills, one is "on the liquidation and cancellation to a subsidiary of the motion".

According to the announcement, the company's overall business strategy and planning considerations for the integration and optimization of existing resources, reduce management costs, improve the company's overall operating efficiency, the company intends to product sales model by direct transformation for distribution, the company intends to wholly owned holding part sales subsidiary company liquidation and cancellation. The cancellation of the net assets of the subsidiary's total is expected to not more than 25 million yuan.

In the range of 25 million yuan of above, specific issues of directors to Licensing companies general manager Mr. Sun Qinghuan on the cancellation of subsidiary decision, on behalf of the company to sign the relevant subsidiary registration and apply for business registration matters required application documents and other documents, and to authorize the relevant personnel to handle the relevant subsidiary cancellation procedures.

The company expects to cancel the company related 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 net assets of the company is concerned about the disposal of assets reached the standard of information disclosure, 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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