One week after the suspension of trading, the change of control of Zhongyuan shares was settled. Under the combination of "equity transfer+voting power entrustment+fixed increase", the new actual controller of the company also unveiled the "veil". Xu Junhong will directly hold 23.08% of the shares of the listed company through his Luoyang Zhenghao New Energy Technology Partnership (Limited Partnership) (hereinafter referred to as "Luoyang Zhenghao"), as the new controlling shareholder of the company, As a result, it will officially "become the owner" of Zhongyuan Shares. The company's shares resumed trading today.
On August 25, Luoyang Huashi New Energy Technology Co., Ltd. (hereinafter referred to as "Luoyang Huashi") signed the Share Transfer Agreement with Deng Zhigang, Wang Yongye, Zhang Xiaobo, Liu Yi, Yin Liguang and other five shareholders of Zhongyuan Shares, and transferred 2% of the shares of Zhongyuan Shares; At the same time, eight persons acting in concert (the actual controller of Zhongyuan Shares), including the above five shareholders, signed the Voting Rights Entrustment Agreement with Luoyang Huashi, and entrusted the voting rights corresponding to 20.70% of the company's shares held by them before the issuance of shares to Luoyang Huashi to exercise. After the above agreement comes into effect, the actual controller of Zhongyuan Shares will be changed to Xu Junhong.
The new owner also brought a "big gift" to Zhongyuan. On the evening of the 28th, the company released a plan for fixed increase. It planned to issue no more than 144 million shares to Luoyang Zhenghao in a private way, with the issue price of 5.35 yuan per share and the raised funds of no more than 772 million yuan, for the construction project of the integrated construction of high-performance lithium ion battery cathode materials with an annual output of 200000 tons (Phase I: 100000 tons per year).
The announcement shows that Luoyang Zhenghao is a limited partnership established by Luoyang Huashi as an executive partner, both of which are controlled by Xu Junhong. This fixed increase is also an important step for Xu Junhong to further consolidate his control. After the completion of the above Share Transfer Agreement and the fixed increase, Luoyang Huashi directly holds 1.54% of the company's shares and Luoyang Zhenghao directly holds 23.08% of the company's shares. The controlling shareholder of the listed company will be changed to Luoyang Zhenghao. The proportion of voting rights of listed companies controlled by Xu Junhong through shareholding entities is 24.62% in total.
Zhongyuan is mainly engaged in the R&D, manufacturing, sales and services of power system intelligent record analysis, time synchronization, substation integrated automation and distribution network automation related products. Zhongyuan Shares said that the project has good market development prospects and economic benefits, can optimize the company's product and service structure, will help the company enter the field of lithium battery cathode material research and development and production, and actively grasp the important opportunities of rapid development of the lithium battery market.
The announcement shows that the total investment of the 200000 ton/year high-performance lithium ion battery cathode material integrated construction project (Phase I 100000 ton/year) is about 3.443 billion yuan, and the proposed use of raised funds is about 772 million yuan. In terms of profitability, the annual average pre tax profit is about 889 million yuan, and the annual average after tax net profit is about 756 million yuan.
Zhongyuan Shares said that the lithium ion battery and key materials industry is facing a breakthrough development opportunity, which is the direction of key support in China's new energy and new materials fields. With the completion of the raised investment project, it is conducive to expanding new business areas and increasing the company's profit growth point.