On December 30, Ge Longhui Communications (600880.SH) announced that in order to further optimize the company's resource allocation and in line with the target company arrangement, all shareholders of the approved company agreed to withdraw through capital reduction. The company plans to withdraw 6.02% of Bilibili E-sports shares. The capital reduction price is approximately RMB 65,978,082.19 (the specific capital reduction price is subject to the “Capital Reduction Agreement” jointly negotiated and signed by the shareholders and the actual execution of the transaction). After the capital reduction is completed, the company will no longer hold shares in the underlying company.
According to the capital reduction price calculation formula determined in the “Capital Reduction Agreement” to be signed by the shareholders of the target company, if the calculation is based on December 31, 2024 as the date the registration of this capital reduction business change is completed, the capital reduction price that the company can obtain is RMB 65,616,438.36. The final price reduction is based on the actual capital reduction agreement signed and the actual execution of the transaction.
Based on the development plan and combined with the target company's arrangement, the company plans to withdraw from the target company by reducing capital. The company's investment cost in the target company was 50 million yuan. According to the relevant agreement in the capital reduction agreement, it is expected that the share will have an impact on the company's profit and loss of about 15.6 million yuan, as per the audit results.
