Visionox Technology Inc. (002387.SZ) announced that the company plans to continue to acquire the remaining 1.881 billion yuan shares of Hebei New Display Industry Development Fund (limited partnership) ('Hebei Display Fund') held by Great Wall Trust, and sign a 'Partnership Enterprise Property Share Transfer Agreement' with Great Wall Trust. The transfer price of the target shares under the agreement is about RMB 1.884 billion. After the transaction is completed, Great Wall Trust will no longer hold shares of Hebei Display Fund, Visionox will hold 5.267 billion yuan shares of Hebei Display Fund, and Visionox will also fulfill its obligation to repurchase and make up for the difference in the shares of Hebei Display Fund held by Great Wall Trust.
According to the announcement, as of now, the company has accounted for the 18.81 billion yuan partnership share that Great Wall Trust subscribed to Hebei Display Fund in 2017 as a long-term payable in the 'Acquisition Agreement of Partnership Property Share' and 'Difference Compensation Agreement' signed by the company and Great Wall Trust in 2017. This time, the company repurchases the remaining 18.81 billion yuan partnership share held by Great Wall Trust, which is essentially to repay the long-term payable.