Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 3 (Xinhua)-- Youzong Network announced yesterday that Lin Xiaoxi, Lin Ruiyi, Lin Li (hereinafter referred to as the transferor) and their legal guardian XU FENFEN (Chinese name: Xu Fenfen), the heirs of the company's former controlling shareholder and actual controller Lin Qi, and Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) signed the "share transfer Framework Agreement" on December 30, 2022. The transferor intends to transfer its 113042833 shares (accounting for 12.34% of the total share capital) to Shanghai Jiayou by agreement.

The notice pointed out that after the framework agreement comes into force, the parties to the transaction will sign a formal share transfer agreement and make an announcement and delivery on the premise of meeting the requirements of relevant laws and regulations and after the completion of due diligence. After the completion of this share transfer, Shanghai Jiayou will become the largest shareholder of the Youku network.

CTOnews.com learned that the network said that the transferor and representatives of the transferor are actively negotiating with relevant parties to speed up the proper resolution of the aforementioned share pledge and freeze issues. The shareholders of the company are planning matters related to equity transfer, which is still uncertain, and a formal share transfer agreement needs to be signed and confirmed by the Shenzhen Stock Exchange. before the transfer of shares can be handled in the Shenzhen branch of China Securities Registration and Clearing Co., Ltd.

When talking about the impact of this transaction on the company, Youzu Network said that if the change of rights and interests is carried out smoothly and finally completed, the company's largest shareholder will be changed to Shanghai Jiayou, and the company will continue to adhere to the strategic route of "global card plus" in the future. focus on the development of the main business of the game, enhance the company's comprehensive strength and share the company's long-term value with shareholders. It is expected that the change of the largest shareholder will not adversely affect the production, operation and financial situation of the company, and there will be no harm to the interests of the company and minority shareholders.

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