Shanda Games control Sale Personnel change

November 27 News, the grand game issued this morning, announced that the original holding shareholder Grand Interactive Entertainment Group has its current holdings of 48,759,187 B-class grand Game of common stock sold to Zhongrong Shengda Investment Holdings (MR) Company 2¥q, this is a Ningxia in the silver velvet industry affiliated companies, but also the 48,759,187 shares of B-class Shanda game common stock sold to Yili Shengda investment Holdings 2¥q, a company controlled by Zhang Yi, CEO of Grand Game Hyundai and others. According to the announced information, Ningxia in the silver Velvet industry also reached an agreement with the Grand SDG, bought 80,577,828 shares grand game a common stock. The Chinese silver Velvet industry has told Shanda Games, according to the agreement, this purchase behavior was completed on September 23, 2014. Upon completion of this transaction, (1) The Grand interaction no longer holds the grand game common stock; (2) as at October 20, 2014, the total holdings of Shanda games A and B shares of 24.1% of the issued circulating common shares, up to 40.1% of the issued circulating common shares, were held by the Sino-AG cashmere Industry and its affiliated companies (3) Yili holds a grand game of Class B common stock accounting for about 9.1% of its outstanding common shares, accounting for about 34.5% of the voting rights of its issued and circulated common shares. In addition, the grand also announced the following personnel changes: 1, Chen quit the Grand game board, the outgoing chairman of the Grand game, but also resigned from the Grand Game remuneration committee, Enterprise Development and Finance Committee chairman. 2, acting CEO Zhang Yi as chairman of Shanda Games, and Chairman of remuneration committee, Enterprise Development and Finance Committee. 3, Massenming, chairman of the Silver Velvet industry, as a grand game director. 4, Shanda Game director Yiuli, as the Grand Game remuneration committee, the Company Development and Finance Committee members.