Core Viewpoint - The core purpose of the equity change is to enhance the integration of the semiconductor business team within Baiao Chemical, injecting long-term momentum into the company's semiconductor business and promoting overall stable development [2][3]. Group 1: Equity Change Details - Baiao Chemical disclosed an equity change report indicating that Liu Hongjun, a director and co-general manager, acquired 10% of the company's shares through a transfer agreement for approximately 1.986 billion yuan [1]. - Liu Hongjun signed a share transfer agreement with Dalian Tongyun Investment Co., Ltd. and Dalian Guangyao Zhixin Shuhong Enterprise Management Consulting Partnership (Limited Partnership), acquiring a total of 70.62 million shares, which represents 10% of the total share capital [1]. - The share transfer price is set at 90% of the closing price of Baiao Chemical's stock on the signing date of the agreement, with each transferor receiving approximately 993 million yuan [1]. Group 2: Payment Terms and Funding Sources - The payment for the shares is divided into two installments, with the first installment of 1 billion yuan to be paid within six months after Liu Hongjun issues a share transfer confirmation letter [2]. - The remaining payment must be made within 10 days after the transfer of shares is completed, and Liu Hongjun is required to pledge the acquired shares as collateral for the remaining payment [2]. - The funds for this acquisition come from Liu Hongjun's disposal of personal equity assets, ensuring that the funding source is legal and compliant [3]. Group 3: Strategic Implications - The announcement emphasizes the strategic shift of Baiao Chemical from primarily chemical operations to a dual focus on chemicals and semiconductors, with Liu Hongjun appointed to manage the semiconductor business segment [3]. - Liu Hongjun has extensive experience in the semiconductor equipment field, having held significant positions in various companies, which positions him well to lead the company's semiconductor initiatives [3].
百傲化学联席总经理19.86亿元受让公司10%股份