Runhua Service (02455) announced that the company was informed by Mr. Luan Hangqian that on October 14, 2024, the family...
Zhixin Finance App News, Runhua Service (02455) announced that the company was informed by Mr. Luan Hangqian that on October 14, 2024, the family trust arrangement has been completed, details are as follows:
Prior to the completion of the family trust arrangement, Mr. Luan Hangqian and his parents (Mr. Luan and Ms. Liang) held approximately 37.10%, 59.85%, and 3.05% equity in Springrain respectively, while Springrain directly held about 0.1647 billion shares of the company (approximately 54.90% of the total shares). In accordance with the Joint Action Persons Confirmation Agreement entered into by Mr. Luan Hangqian, Mr. Luan, and Ms. Liang on June 18, 2021, they reiterated that they have been joint actors of the company prior to the date of the Joint Action Persons Confirmation Agreement, and have continued to act as such thereafter. Therefore, based on their joint action arrangements and in accordance with the Securities and Futures Ordinance, Springrain, Mr. Luan, Mr. Luan Hangqian, and Ms. Liang are each deemed to have approximately 54.90% equity interest in the shares.
Following the completion of the family trust arrangement and as of the date of this announcement, the previously held 0.1647 billion shares of Springrain (approximately 54.90% of the total shares) have been transferred to Skywind. Skywind is owned 1% by Springrain and 99% by Sailing, which is fully owned by the trustee (as the trustee of the family trust). The equity of Mr. Luan Hangqian and his parents in Springrain remains unchanged.
The beneficiaries of the family trust are Mr. Luan Hangqian (as non-executive director of the company), Mr. Luan (as non-executive director of the company), Ms. Liang, and other close relatives of Mr. Luan Hangqian. CMB Wing Lung Trust Limited is the trustee of the family trust.
Following the completion of the family trust arrangement, the shareholding structure of the family trust and Springrain is as follows:
The sole purpose of the family trust set up is for Mr. Luan Hangqian's family wealth planning. The directors do not believe that the family trust arrangement has any impact on the company's financial situation, operation, and the composition of the board of directors.