Omag Electric Control or Change | Solving Financial Debt with Transaction

Omar Electric announced that the company's board of directors recently received the controlling shareholder, the actual controller and chairman Zhao Guodong informed that Zhao Guodong and Zhongshan Capital Investment Holding Co., Ltd. (hereinafter referred to as 'Zhongshan Jinkong') of the State-owned Assets Supervision and Administration Commission of Zhongshan Municipal People's Government signed Intention to Agreement, Zhao Guodong intends to or through his concerted action, Tibet Rongtong Zhongjin Investment Co., Ltd. or other intentional parties (collectively referred to as 'transferors') to the third party of Zhongshan Financial Control or Zhongshan Financial Control or the combination of the two (collectively referred to as 'acquisition party') transfer of more than 5% shares or corresponding rights of Omar Electric. Both parties confirmed that this transfer may result in the change of control of Omag Electric. The company's shares will resume trading on October 30.

According to the announcement, the transaction price obtained by the transferor through this transfer will be used preferentially to solve the 'wallet' operated by the company's wholly-owned Sun Company Pingtan Wallet Rongtong Technology Co., Ltd. (formerly known as Wallet Net Gold (Pingtan) Technology Co., Ltd.). The financial 'platform' is related to redemption issues and other related debts.

Zhao Guodong and his concerted actions collectively held 317 million shares of Omar Electric, accounting for 29.24% of the total share capital of Omar Electric. Among them, Zhao Guodong himself holds 182 million shares of Omar Electric, accounting for 16.79% of the total share capital of Oma Electric, controlled by Zhao Guodong. Tibet Rongtong Zhongjin Investment Co., Ltd. holds 135 million shares of Oma Electric, accounting for 12.44% of the total share capital of Omar Electric. Zhao Guodong is the controlling shareholder and actual controller of Omar Electric. At present, the 182 million shares held by Zhao Guodong have been registered for pledge. The proportion of shares held by the company is 100%. At the same time, the 172 million shares held by Zhao Guodong have been judicially frozen, accounting for 94.36% of the shares held by the company. Tibet Rongtong Zhongjin Investment Co., Ltd. holds 1.35. 100 million shares have already gone through the pledge registration formalities, accounting for 100% of the shares held by the company. Zhao Guodong and his concerted action, Xiong Rongtong Zhongjin Investment Co., Ltd. intends to lift the above-mentioned rights restrictions or through debt-bearing transfer by including repayment of relevant debts. Transfer the shares or corresponding rights in the same way.

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