nftplaytoearngameslist| Hongye Futures: Suhao Holdings takes over all shares in Zhongshan for zero consideration

News summary

Hongye Futures (03678) announced restructuring plannftplaytoearngameslist, Zhongshan shares were transferred to Sohao Holdings for free and were ultimately controlled by the Jiangsu Province government and did not affect the final control of the company.

Newsletter text

[Hongye Futures Group is reorganized and Zhongshan Equity is transferred at zero consideration]

Hongye Futures Co., Ltd.(stock code: 03678) carried out internal restructuring activities involving the transfer of all issued share capital of Zhongshan. The equity in Zhongshan transferred this time will be transferred to Suhao Holdings for free.

Since its establishment in 1985, Zhongshan has been held by its shareholders in trust on behalf of the Jiangsu Province government. Since it is a private company registered in Hong Kong and its shareholding ratio does not exceed 5%, Zhong Shan does not need to disclose equity information in accordance with relevant regulations.

After the completion of this reorganization, the Jiangsu Province government will continue to maintain control over Hongye Futures and ensure thatnftplaytoearngameslistImprove the stability of the corporate governance structure.