Hes Technology Group (002963.SZ) announced on September 19 that the company plans to transfer 0.71% equity of a new energy technology company invested by the company (hereinafter referred to as 'a new energy' or 'target company') to Mr. Liu Yong, at a transfer price equal to the investment principal plus the cost of funds. This transaction has been approved by the 11th meeting of the third board of directors of the company.
Hes Technology Group held its 11th meeting of the third board of directors on September 13, 2024, and approved the 'Proposal on the Transfer of Company's Investment Equity', agreeing that Mr. Liu Yong repurchases 0.71% equity of a new energy from the company and transfers the repurchased equity to the ultimate acquirer of the target company (hereinafter referred to as 'final acquirer'). On the same day, the company and Mr. Liu Yong signed the 'Equity Repurchase Agreement of a New Energy Technology Co., Ltd.', stipulating that the equity repurchase price is calculated based on the investment principal plus the cost of funds, with the cost of funds consisting of two parts: (1) based on the company's investment principal, calculated at a fixed interest rate of 8% per annum from the date of actual contribution to the date of signing the equity repurchase agreement (i.e., September 13, 2024); (2) based on the unpaid investment principal of the company, calculated at a fixed interest rate of 3.35% per annum from the day after signing the equity repurchase agreement (i.e., September 14, 2024) until the actual completion payment date. After this transaction is completed, the company will no longer hold any equity in a new energy.
