Hefei Jianxiang intends to reduce the BOE shares, less the total shareholding ratio of less than 1%

Set micro-channel news, November 21, BOE announced that the shareholders of Hefei Jianxiang Investment Co., Ltd. plans in the next three months by way of centralized bidding holdings of not more than 347 million shares of the company, that does not exceed the reduction of the company 1.00% of the total share capital.

As of 21 November 2017, Hefei Jianxiang owns 2,857,142,857 shares of BOE Holding, accounting for 8.21% of the total BOE Stocks. During the period of shareholding reduction within 3 months after the 15 trading days from the disclosure date of this announcement, the price of the interval is decreasing The plan is implemented with reference to the market price.

BOE said Hefei Jian Xiang does not belong to the controlling shareholder of the company, the actual controller, Hefei Jianxiang implementation of the reduction plan will not result in the change of control of the company, will not affect the corporate governance structure and the going-concern business.In addition, Hefei Jian Xiang will be based on market conditions, the company stock price decision whether to implement all or part of this reduction plan, the implementation of this reduction plan there is some uncertainty.

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