Transfer of shares of Jin billion industrial holding subsidiary

Securities Times Network (www.stcn.com) September 24, Jin billion industrial (601002) September 24 evening Notice, the United States Yonglong Fastener Logistics Company ("Yonglong Fastener") to be held by the company's holding subsidiary of Guangzhou Jin billion Auto Parts Co., Ltd. ("Guangzhou Jin Billion") 25% of the equity, Transfer to Jin Zheng Investment Limited ("Jin Zheng Investment"), the total price of the transfer of equity is 28 million yuan (including tax). In view of the Yonglong fastener for the company's actual control of the investment enterprise, Jin is investing in the company's controlling shareholder's wholly-owned subsidiary, the transaction constitutes a related transaction. Financial profit Bao, the current savings rate of 1000% Jin billion industrial said that the related transaction is Guangzhou billion foreign shareholders of the transfer of equity, the purpose is to better control shareholders to manage and coordinate their investment in mainland China's enterprises. The transfer of shares will not change the company's control of Guangzhou billion, and will not adversely affect the company's production and operation and financial situation. Therefore, the company board of Directors agreed to give up the Guangzhou billion 25% of the preferential rights of equity.