Announcement on Transfer of State-Owned Legal Person Shares Shanghai Worldbest Co., Ltd.
In accordance with the related regulations of Company Law, Securities Law, Interim Regulations on Stock Issuance and Listing, and Rules for Stock Listing of Shanghai Stock Exchange and related regulations on information disclosure of public companies, the Company hereby announces its transfer of state-owned legal person shares as follows:
Recently the Company received the Official Reply on the Transfer of State-Owned Legal Person Shares of Shanghai Worldbest Co., Ltd. (Cai Qi [2002] No. 43) from the Ministry of Finance, approving the transfer of the 79.866 million state-owned legal person shares of the Company (16.24% of the total share capital) now held by Changzhou Worldbest Chemical Fiber Co., Ltd. (which registration was nullified on December 27 of 2000) to China Worldbest Group Co., Ltd. The shares transferred are state-owned legal person shares. After this share transfer, China Worldbest Group Co., Ltd. holds 154.932 million shares of the Company, taking up 31.50% of the total share capital. This share transfer was approved by the Document (Shang Shi Bu Shou Gou [2002 ] No. 22) of China Securities Regulatory Committee.
1. Influence of this share transfer on the Company’s equity structure
1) This share transfer has no influence upon the equity structure or the total share capital of the Company.
2) After this share transfer, changes of the Company’s legal person shareholders are as follows:
Before share transfer, Changzhou Worldbest Chemical Fiber Co., Ltd. holds 79,866,000 shares, taking up 16.24% of the total share capital, China Worldbest Group Co., Ltd. holds 75,066,000 shares, taking up 15.26% of the total share capital, Xishan Changyuan Silk Weaving Mill holds 10,152,000 shares, taking up 2.06% of the total share capital, and Jiangsu Qiuyan (Group) Company holds 9,270,000 shares, taking up 1.89% of the total share capital.
After share transfer, China Worldbest Group Co., Ltd. holds 154,932,000 shares, taking up 31.50% of the total share capital, Xishan Changyuan Silk Weaving Mill holds 10,152,000 shares, taking up 2.06% of the total share capital, and Jiangsu Qiuyan (Group) Company holds 9,270,000 shares, taking up 1.89% of the total share capital.
2. Trading of the Company’s shares in circulation by the Company, its directors, supervisors, senior management or its related enterprises
There were no cases of trading or holding the Company’s shares in circulation by the Company or its related enterprises during the six-month period before this announcement. Directors, supervisors and senior management didn’t trade the Company’s shares in circulation during the above-mentioned period.
3. Brief introduction of the transferee
Name: China Worldbest Group Co., Ltd., address: Worldbest Plaza, No. 1958, Zhongshan Road (N.), Shanghai, legal representative: Zhou Yucheng, time of establishment: July 18 of 1992, registered capital: RMB 479.73 million, business scope: domestic trade, import and export, real estate development and management, textiles, machinery and electronics, and manufacturing and management of bio-pharmaceuticals.
4. Influence of share transfer upon transferor and tranferee
Changzhou Worldbest Chemical Fiber Co., Ltd. was a 100% subsidiary of China Worldbest Group Co., Ltd. before the share transfer, so after the share transfer, the actual controlling right will remain unchanged, therefore, there will be no influence upon the Company’s production or management.
5. Documents for reference
1) Cai Qi [2002] No. 43 of the Ministry of Finance, Official Reply on the Transfer of State-Owned Legal Person Shares of Shanghai Worldbest Co., Ltd.
2) Document (Shang Shi Bu Shou Gou [2002] No. 22) of China Securities Regulatory Committee
Shanghai Worldbest Co., Ltd.
2002/8/21
Announcement on Transfer of State-Owned Legal Person Shares
China Worldbest Group Co., Ltd.
In accordance with the related regulations of Company Law, Securities Law, Interim Regulations on Stock Issuance and Listing, and Rules for Stock Listing of Shanghai Stock Exchange and related regulations on information disclosure of public companies, the Company hereby announces the matters relating to the transfer of state-owned legal person shares as follows:
1. The Official Reply on the Transfer of State-Owned Legal Person Shares of Shanghai Worldbest Co., Ltd. (Cai Qi [2002] No. 43) of the Ministry of Finance approved the transfer of the 79.866 million state-owned legal person shares of Shanghai Worldbest Co., Ltd. (16.24% of the total share capital) now held by Changzhou Worldbest Chemical Fiber Co., Ltd. (which registration was nullified on December 27 of 2000) to China Worldbest Group Co., Ltd. (the Company). The shares transferred are state-owned legal person shares.
2. After this share transfer, the Company holds 154.932 million shares of Shanghai Worldbest Co., Ltd., taking up 31.50% of its total share capital. This share transfer was approved by the Document (Shang Shi Bu Shou Gou[2002] No. 22) of China Securities Regulatory Committee.
3. There were no cases of trading or holding the shares in circulation of Shanghai Worldbest Co., Ltd. by the Company or its related enterprises during the six-month period before this announcement. Directors, supervisors and senior management didn’t trade the shares in circulation during the above-mentioned period.
4. China Worldbest Group Co., Ltd. was established on July 18 of 1992. Address: Worldbest Plaza, No. 1958, Zhongshan Road (N.), Shanghai, legal representative: Zhou Yucheng, time of establishment: July 18 of 1992, registered capital: RMB 479.73 million, business scope: domestic trade, import and export, real estate development and management, textiles, machinery and electronics, and manufacturing and management of bio-pharmaceuticals.
5. Changzhou Worldbest Chemical Fiber Co., Ltd. was a 100% subsidiary of the Company before the share transfer, so after the share transfer, the actual controlling right will remain unchanged, therefore, there will be no influence upon the production or management of Shanghai Worldbest Co., Ltd.
6. The Company will finish the procedures for the share transfer within one month after the share transfer announcement.
7. Documents for reference
1) Cai Qi [2002] No. 43 of the Ministry of Finance, Official Reply on the Transfer of State-Owned Legal Person Shares of Shanghai Worldbest Co., Ltd.
2) Document (Shang Shi Bu Shou Gou [2002] No. 22) of China Securities Regulatory Committee
China Worldbest Group Co., Ltd.
2002/8/21
14/05/2003
Advise: The site
is best view with Internet Explorer 5.0 or Netscape 4.0.
