YOUNGOR Strategic Investment Holdings CITIC Shares To 4.43%

YOUNGOR announced in the evening of October 19th that as of October 19th, it had held 1 billion 289 million 118 thousand shares of China CITIC Limited by Share Ltd, accounting for 4.43% of the total share capital of CITIC, with a total investment of about 14 billion 779 million 116 thousand yuan.

The announcement shows that in August 7, 2015, YOUNGOR held the second provisional shareholders' meeting in 2015 to deliberate and adopt the motion to authorize the shareholders' meeting to invest in CITIC shares, and agreed to separately authorize the management and management departments to continue to pass the two level of CITIC shares within the range of 5% of the total share capital according to the market and company funds. market Or other means of investment, excluding the scale of financial asset restructuring.

In July 18, 2015, YOUNGOR issued the "Notice of foreign investment". It bought 115 million 800 thousand shares of CITIC stock through wholly-owned subsidiary YOUNGOR (Hongkong) Industrial Co., Ltd. and new Ma clothing International Limited from January 1, 2015 to July 17, 2015. In July 17, 2015, it signed the China CITIC Limited by Share Ltd subscription agreement with CITIC shares, invested HK $11 billion 986 million, and subscribed 859 million 218 thousand shares of CITIC shares by HK $13.95 / share price, and completed the transfer of new shares in August 12, 2015.

In September 2, 2015, YOUNGOR issued a notice on the situation of buying CITIC stock. It said that from July 18, 2015 to September 1, 2015, it bought 161 million 700 thousand shares of CITIC stock through the two market, and the total amount of transactions was RMB 1 billion 909 million yuan, accounting for 11.55% of the audited net assets at the end of last year.

From September 2, 2015 to October 19, 2015, YOUNGOR bought 152 million 400 thousand shares of CITIC stock through the two tier market, with a total transaction value of RMB 1 billion 726 million yuan, accounting for 10.45% of audited net assets at the end of last year.

As of October 19, 2015, YOUNGOR held 1 billion 289 million 118 thousand shares of CITIC shares, accounting for 4.43% of the total share capital of CITIC, and the investment cost was RMB 14 billion 779 million 116 thousand yuan (based on audit data).

Based on this calculation, the cost of YOUNGOR holding CITIC shares is 11.46 yuan / share. CITIC shares closed at HK $14.5 / share in October 19th, calculated at HK $1 to 0.81970 yuan, equivalent to 11.89 yuan / share.

To this end, YOUNGOR's investment was slightly buoyant, reaching 554 million yuan.

In a previous announcement, YOUNGOR said that strategic investment in CITIC shares is conducive to further consolidating and enhancing the already established strategic cooperation relationship between the two sides. On the other hand, through CITIC shares, this platform promotes the sharing of strategic resources and business opportunities at home and abroad, thereby promoting the company's strategy. Transformation And enhance the comprehensive competitiveness to achieve "creating international". brand The development vision of "centenary enterprise".

In October 19th, YOUNGOR edged down 0.07% to 13.85 yuan / share, and CITIC shares edged up 0.42% to 14.5 Hong Kong dollars / share.