The Large Shareholder Of The Silver Star Group Of Henan Business Group Intends To Open The Board Of Directors And Re Select All Directors.

Today, the Oriental Silver Star announced that Yu business group and its concerted action Shanghai Jieyu Asset Management Co., Ltd. (hereinafter referred to as Shanghai Jie Yu) altogether holds 38 million 142 thousand and 600 shares of Orient Silver Star shares, accounting for 29.80% of the total share capital of Oriental Silver Star, becoming the largest shareholder of Oriental silver star.

Reporters noted that since the beginning of September, CITIC Securities, a trust institution of the margin trading account opened by Yu Shang Group, has sent letters to the Oriental Silver Star board and board of supervisors since September. It has called for a provisional shareholders' meeting to consider the election of the board of directors. In the face of repeated negation, it wants to convene and host the second provisional shareholders' meeting on 2014 in October 28, 2014, to consider the motion of the Oriental Silver Star board of directors, and nominate Han Hongwei and other candidates as directors of the company. According to the regulations of the Oriental Star Company, the board consists of 9 directors, of whom 3 are independent directors.

　　 Finally become the first Major shareholder

Today, the Oriental Silver Star announced that during the period from September 5th to September 29th, Shanghai Jieyu increased the 6 million 140 thousand shares of Oriental silver star through the centralized trading bidding system, accounting for 4.80% of the total share capital of the company.

Statistics show that in August 22, 2014, Yu Business Group signed a concerted action agreement with Shanghai Jieyu, forming a concerted action relationship. After the increase, Yu business group directly held 28 million 823 thousand and 400 shares of Orient Silver Star shares, accounting for 22.52% of the total share capital of Oriental silver star. Shanghai Jieyu directly owns 9 million 319 thousand and 200 shares of Orient Silver Star shares, accounting for 7.28% of the total share capital of Oriental silver star. So far, Yu business group and Shanghai Jieyu jointly hold 38 million 142 thousand and 600 shares of Oriental Silver Star share, accounting for 29.80% of the total share capital of Oriental Silver Star, becoming the largest shareholder of Oriental silver star.

　　 The proposal to hold shareholder meetings was repeatedly defeated.

In September 2nd, he played cards several times. Oriental Silver Star The Henan business group is different from its previous low-key attitude. In the detailed report on changes of rights and interests, it claims that it may propose candidates for directors, independent directors and senior managers according to the company law and articles of association.

In fact, the latest progress has been made on the selection of directors and independent directors. The Oriental silver star also disclosed a note on the proposal of CITIC Securities to convene a provisional shareholders' meeting, which showed that CITIC Securities sent a letter to the Oriental Silver Star board and the board of supervisors, requesting a temporary shareholders' meeting to consider the general election of the board of directors, but all of them were negated.

The announcement showed that the board of directors of the Oriental silver star received the letter from CITIC Securities on the request of the Oriental Silver Star board of directors to convene the provisional shareholders' meeting to consider the election of the board of directors in September 4th this year. The letter mentioned that CITIC Securities has secured more than 10% of the shares of Oriental silver star through the secured account of customer credit, and requested the Oriental Silver Star board to convene a provisional shareholders' meeting to consider the board of directors election and to nominate Han Hongwei and other 9 candidates as directors of the company (including 3 candidates for independent directors).

In this regard, the Oriental silver star said, because CITIC Securities is only the trust business of the margin trading account set up by the Yu Shang Group, the board of directors of the company did not receive the shareholder qualification of the provisional shareholders' meeting if it did not receive the authorization documents of the Henan Merchants Group, so the company denied the nomination qualification of CITIC Securities.

In September 22nd, the Oriental Silver Star board again received a letter from CITIC Securities requesting a temporary shareholders' meeting. The board of supervisors rejected the nomination of CITIC Securities on the same grounds.

　　 I want to convene and host by myself. The general meeting of shareholders

In this regard, Yu Shang Group in the "Oriental Silver Star provisional shareholders' meeting to consider the board of directors of the general election election motion note," said that as of now, CITIC Securities through customer credit transactions secured securities account for more than 90 consecutive days holding the shares of Oriental Silver Star 10%, of which 19 million 400 thousand shares are actually held by Henan business group. In accordance with the provisions of the current company law of the People's Republic of China and the rules of shareholders' meeting of listed companies, shareholders who hold more than 10% of the shares of listed companies for more than 90 consecutive days shall request the board of directors and the board of supervisors of the listed company to convene an interim shareholders' meeting. If the board of directors and the board of supervisors of the listed company fail to hold the shareholders' meeting according to the prescribed procedures, they shall have the right to convene and preside over the interim shareholders' meeting by themselves.

In addition, the Henan business group also mentioned that according to the regulations of the securities companies on margin trading and securities lending business, the shareholders' rights of the securities companies under the secured account of the credit transactions should be exercised by the securities companies in their own name, including proposals, voting and other rights.

In addition, CITIC Securities wants to convene and host the second provisional shareholders' meeting in 2014 in October 28, 2014 to consider the motion of the Oriental Silver Star board of directors. In this regard, CITIC Securities has not yet provided relevant authorization documents. The company believes that CITIC Securities still does not have the shareholder qualification to propose an interim shareholders meeting to the company independently, so the company has not issued a notice of the shareholders' self convening of the shareholders' meeting.