Ying Fei, overclocking three reduction notice, please check!

Yesterday (17) evening, overclocking three and Ying Fei have issued a reduction notice. Over three shareholders and some directors and senior managers who hold more than 5% shareholdings are expected to reduce their capital stock by less than 3.3827%. Ying Fei special shareholder intends to reduce the capital stock of not more than 1.92%.

CF three announced that Huang Xiao Xian, a shareholder holding 19764000 shares of the company's shares (8.9301% of the total share capital of the company), plans to reduce the company's shares by no more than 5664000 shares (2.5592% of the total share capital of the company) in the six months after the fifteen days after the announcement.

Meanwhile, Mr. Li Guangyao, a shareholder of 7290000 shares of the company (accounting for 3.2939% of the total share capital of the company), plans to reduce the company's shares by no more than 1822500 shares in the six months after the fifteen trading days from the date of this announcement. The total share capital of the company is 0.8235%.

According to the announcement, the purpose of reduction is self financing needs. The reduction price is determined according to the market price, not less than the issue price. The reduction of shares is derived from the shares issued before the initial public offering and the increased shares in the company's annual profit distribution plan in 2017.

In addition, the overclocking three indicates that Ms. Huang Xiaoxian and Mr. Li Guangyao are not the controlling shareholders and actual controllers of the company. The implementation of this reduction plan will not lead to changes in the company's control rights, and will not have an impact on the company's sustainable operation.

According to infield announcement, the company recently received a letter from the Zhejiang equity investment partnership limited (hereinafter referred to as "full investment"), holding 9652500 shares of the company's shares (4.80% of the total share capital of the company). In the six months after the 3 announcement date of the announcement, the total investment plan will reduce the company's shares by no more than 3861000 shares (no more than 1.92% of the total share capital) through legal means such as centralized bidding, bulk trading and so on. In the meantime, if the company has capital turnover such as sending shares, capital accumulation and capital raising, the amount should be adjusted accordingly.

Ying Fei said that the reason for the reduction is to meet the needs of business development, but shareholders are optimistic about the company's development prospects. The reduction price is determined according to the market price and transaction method. The reduction of shares originates from the shares of the company's initial public offering and the shares held before the listing and the shares acquired after the listing of the shares of the capital reserve.

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