Announcement on the progress of foreign investment of subsidiaries
Release time:
2020-08-05
Securities Code: 600668 Securities Abbreviation: Jianfeng Group No.: Pro 2018-003
Bond Abbreviation: 13 Peak 01 Bond Code: 122227
Bond Abbreviation: 13 Peak 02 Bond Code: 122344
Zhejiang Jianfeng Group Co., Ltd.
Announcement on the Progress of Subsidiary's Foreign Investment
The board of directors and all directors of the company guarantee that the content of this announcement does not contain any False records, misleading statements or major omissions, and bear individual and joint responsibility for the authenticity, accuracy and completeness of its contents .
Basic Information on 1. Foreign Investment
On February 28, 2017, Zhejiang Jianfeng Pharmaceutical Co., Ltd. (hereinafter referred to as "Jianfeng Pharmaceutical"), a subsidiary of the Company, and Guilin Shangyuan Plant Products Co., Ltd., Beijing Huibaoyuan Enterprise Management Co., Ltd., Beijing Huibaoyuan Biotechnology Co., Ltd. (hereinafter referred to: beihui Bio) signed the "Agreement on Capital Increase and Equity Transfer of Beijing Huibaoyuan Biotechnology Co., Ltd." (hereinafter referred to as the "Master Agreement") and the "Performance Commitment Compensation Agreement", which agreed to meet the prerequisites of each period of investment Next, Jianfeng Pharmaceutical plans to invest in Beihui Bio in four phases by way of capital increase and equity transfer.
For details, please refer to the announcement -Pro 2017-003 "Announcement on Foreign Investment of Subsidiaries" published by the company in the designated information disclosure media "shanghai securities news", "china securities journal" and the website of Shanghai Stock Exchange (www.sse.com.cn ) on March 1, 2017.
Progress of Foreign Investment in 2.
(I) April 2017, Jianfeng Pharmaceutical has completed the first phase of investment in 80 million yuan, and the registered capital of Beihui Biology has increased from 80 million yuan to 100 million yuan, of which: Jianfeng Pharmaceutical accounts for 20% of the shares.
(II) The Master Agreement stipulates that the equity transfer part (7 million shares) in the second phase of investment shall be completed by March 31, 2018. In view of the fact that the 2017 audit of Beihui Biology is still in progress, the 2017 operating performance has not yet been determined. On March 29, 2018, the parties concerned held a teleconference and formed the minutes of the meeting, agreeing to convene the board of directors of Beijing Huibaoyuan Biotechnology Co., Ltd. and negotiate the equity transfer separately after the audit is completed and the actual business performance is determined.
3. Reference Document
Conference Call Minutes.
It is hereby announced that
Board of Directors of Zhejiang Jianfeng Group Co., Ltd.
March 30, 2008
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