Earlier media reports said: 'Lotte is studying the formulation of the reorganization plan.However, there are great reorganization plan uncertainty, close to the highest level of financial innovation group said,' at least three months, the music can only be settled Earlier, Sunac held a 8.56% stake in LeTV, second only to Yueyu Jia, the founder of LeTV, but the latter has pledged its entire 25% stake and has long been below the open line, which also means the future Music Watch's shares may be more scattered. '
The following is the original LeTV announcement:
LeTV Information Technology (Beijing) Co., Ltd. to clarify the announcement
First, the rumor situation
Recently, LeTV Information Technology (Beijing) Co., Ltd. (hereinafter referred to as 'Company', 'LeTV Network' or 'Listed Company') noticed that some of its online media reported that "LeTV's research on the future equity of the new restructuring plan is relatively fragmented "And other articles, reported that:
However, there is a great deal of uncertainty about the reorganization plan. People close to the top of the Sunac Group said that it will take at least three months for the music video network to be finalized. "Previously, Rong The company holds 8.56% stake in LeTV, second only to Jia Yueting, the founder of LeTV, but the latter has pledged all 25% of the shares and has already broken the liquidation line.This also means that in the future, the shares of LeTV may be More scattered.
Second, clarify instructions
As for the "restructuring plan" mentioned by the media, up to now, the Company has not formed any substantive proposals and intentions. For the related follow-up information, please refer to the announcement of the listed company.
Third, the relevant risk warning and other instructions
1. Up to now, Mr.Jia Yueting holds 1,024,266,600 shares of the company, accounting for 25.67% of the total share capital, of which 1,019,539,800 shares have been pledged to financial institutions and 1,024,266,600 shares have been frozen by the judiciary such as the Third Intermediate People's Court of Beijing Municipality. Tianjin Jia Rui Hui Xin Enterprise Management Co., Ltd. holds 342,422,200 shares of the company, accounting for 8.56% of the total share capital.
(2) There is a risk of the equity pledge of Mr. Jia Yuating being disposed of by the relevant institutions due to the failure of timely additional guarantee, which may result in the change of the actual controller of the Company.
The Company has sent an email and reminded Mr. Jia Yuating that the obligation of information disclosure is in accordance with the relevant provisions of "Rules for the Shareholders and Directors, Supervisors and Senior Management of Shenzhen Stock Exchange for Reducing Shares". If Mr. Jia Yunting's shares involve judicial enforcement and enforcement Equity pledge agreement trigger reduction behavior, required in accordance with the relevant provisions of the notice in advance to reduce the plan of listed companies, listed companies to the Exchange for the record and to be announced.
3. The Company disclosed "2017 Annual Performance Forecast" (Announcement No .: 2018-025) on January 30, 2018. It is estimated that the Company will make a loss of RMB 11,604,953,400 to RMB 11,699,993,400 in FY 2017; on February 8, 2018, the Company disclosed " (Announcement No .: 2018-032), the Board of Directors, the Supervisory Committee and the management of the Company may make changes based on the actual controllers they are currently facing. Recovering receivables from related parties is difficult and the cash flow Tension, the existing business performance there is a significant uncertainty of the actual operation, draw investors to pay attention to investment risk.
At present, the company has been actively promoting and working hard to solve all the difficulties and problems it faces, with a view to restoring the normal operation of listed companies.
4. As confirmed by the board of directors of the Company, as of the date of announcement of this announcement, there is no other matter that should be disclosed but not disclosed as required by the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange and other relevant laws, rules and regulations .
Fourth, necessary tips
The designated media for information disclosure of the Company are China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily and www.cninfo.com.cn, the information disclosed by the Company is disclosed in The contents of the above designated information disclosure media shall prevail.
Please investors rational investment, pay attention to investment risk.
Special announcement.
Music Watch Information Technology (Beijing) Co., Ltd.
Board of Directors
February 22, 2018