Great Heavenly Creations Implement major assets reorganization change body steam trade enterprise

NetEase Financial November 23, the heyday of the Tuesday night of the announcement that the holding shareholder state Machine Group with its next asset into the steam trade restructuring peak Tiangong.　　After the completion of the acquisition, the heyday will hold a 100% equity in the auto trade.　　Heyday, said that the company's controlling shareholder's state machine Group intends to take the 100% equity of the listed companies to reorganize assets, through the asset replacement set out losses of construction machinery manufacturing assets, at the same time into its subordinate profitability of the car trade and services business assets. Reorganization is divided into two steps: first, in order to realize the business transformation of listed companies, to enhance the value of the company and shareholder returns, the state machine group with its subordinate profitability of the car trade and services business assets into the steam industry restructuring peak Tiangong; At the same time, in order to tie in with this reorganization, after the reorganization completes enhances the national machinery Group to the listed company the control Force, Reduce unnecessary management level, promote the better development of listed companies, the national machinery Group will be the original by the Heavenly House held the heyday of the heavenly shares transferred by the state machine group directly held. The specific process is as follows: The peak of Tiangong with all its assets and liabilities (as a set of assets), with the state-owned machinery Group Holdings of equivalent equity (as a 14.06% stake in the assets) for replacement, the valuation value of the assets is 36,387.10,000, the value of the assets placed in the evaluation of 258,796.130,000 Yuan　　Assets and liabilities, business and personnel from the new peak heavy industry to undertake. At the same time, the peak Tiangong to 7.83 yuan/share price to the national machinery Group and Tianjin Bohai issue 284,047,407 shares (of which, to the national machinery Group issued 232,651,752 shares, to the Tianjin Bohai Issue 51,395,655 shares), Buy state machine group and Tianjin Bohai Sea respectively hold 70.39% and 15.55% equity (asset replacement difference). In this reorganization, the exchange of assets and non-public offerings, the two are mutually conditional, indispensable.　　After the completion of the reorganization, the heyday will hold a 100% stake in the auto trade.　　At the same time, to tie in with this reorganization, after the completion of the reorganization of the national Machinery Group to improve the control of the listed companies, simplify the management level, improve decision-making efficiency, promote the better development of listed companies, the national machinery Group is to pass the original by the heavenly Homes held the heyday of 115,275,666 shares to transfer to the state machine group directly hold. Prior to this acquisition, the national Machinery Group through its wholly-owned subsidiary of Tianjin Engineering Machinery Research Institute indirectly held the heyday of the 1,152,756,660,000 shares, accounting for the company's total equity of 41.77%.　　After the completion of the acquisition, the state machine group will directly and indirectly hold the heyday of 399,323,073 shares of Tiangong, the heyday of the restructuring of the total capital of 62.13%. The peak Tiangong said, after the acquisition is completed, the company will hold 100% equity in the auto trade, the original assets and liabilities by the new peak heavy industry to undertake. The company will be transformed into a large-scale, industry-leading, with a higher market share and strong competitiveness of the automotive trade integrated service providers, the company's asset qualityand profitability will be significantly improved, the interests of the majority of small and medium shareholders will be fully protected.