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Fanli Technology responded to the "Shareholder Inquiry Request Letter": Many parties failed to fulfill their performance compensation obligations, the corresponding amount is about 265 million yuan

2024-08-20

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Reporter of Every Economic News: Zhao Linan Editor of Every Economic News: Liang Xiao

On August 20, Fanli Technology (SH600228, share price 4.71 yuan, market value 2.2 billion yuan) announced that as of the date of disclosure of the announcement, many performance compensation parties had not yet fulfilled their performance compensation obligations, and the corresponding amount to be compensated was approximately 265 million yuan.

In 2021, Fanli Technology purchased 100% of the shares of Shanghai Zhongyan Information Technology Co., Ltd. (hereinafter referred to as Zhongyan Technology) from 14 counterparties by means of major asset replacement, share issuance and cash payment. The counterparties' performance commitment period for Zhongyan Technology is 2021, 2022 and 2023. However, Zhongyan Technology's performance was not completed within the commitment period.

Recently, China Securities Small and Medium Investors Service Center Co., Ltd. (hereinafter referred to as the Investment Service Center) sent a "Shareholder Inquiry Request Letter" to Fanli Technology, requiring Fanli Technology to reply to the balance of performance commitment compensation that has not been paid by the performance compensation party as of the date of reply, including share compensation and cash compensation amounts.

Fanli Technology stated that as of the date of disclosure of the announcement, Shanghai Ruijing Enterprise Management Consulting Firm (Limited Partnership) (hereinafter referred to as Shanghai Ruijing) had not completed its compensation obligations for 2022, and Shanghai Ruijing, Orchid Asia VI Classic Investment Limited (hereinafter referred to as Orchid), QM69 Limited (hereinafter referred to as QM69), Yifan Design Limited (hereinafter referred to as Yifan), and SIG China Investments Master Fund Ⅲ, LLLP (hereinafter referred to as SIG) had not completed their compensation obligations for 2023. The total number of shares that have not yet been compensated is approximately 51 million shares, and the corresponding amount to be compensated is approximately RMB 265 million.