YOUNGOR, Which Has 5 Billion Repurchases And 737 Million Shares, Will Open 500 HANP Socks Counters During The Year.

YOUNGOR group Limited by Share Ltd (hereinafter referred to as YOUNGOR) announced in the evening of June 6th that considering the performance of the company's two tier market and combining with its operation, financial situation and development prospects, the company intends to implement the repurchase share in order to safeguard the interests of investors and enhance investor confidence, so as to promote the return of the company's stock market price to the company's reasonable value.

The price of YOUNGOR's repurchase shares is not more than 6.79 yuan / share, the price limit of the repurchase stock is not higher than the average price of the stock trading of the 30 trading days before the board adopted the repurchase resolution 150%.

The total amount of repurchase funds is no less than 2 billion 500 million yuan, not more than 5 billion yuan, all of which are owned by the company itself.

Repurchase shares will be written off according to law to reduce the registered capital of the company.

In accordance with YOUNGOR's repurchase fund of not more than 5 billion yuan, and the repurchase price not exceeding 6.79 yuan / share, it is estimated that if the total amount of repurchase is repurchased, the number of shares repurchased will be about 737 million shares, and after cancellation, the total share capital of the company will be 4 billion 277 million shares, all of which are tradable shares with unlimited sale conditions.

According to the financial report, as of December 31, 2018, YOUNGOR's total assets amounted to 75 billion 612 million yuan, belonging to shareholders of listed companies 28 billion 182 million yuan of owners' equity and 33 billion 714 million yuan of liquid assets.

Assuming that the 5 billion yuan of the maximum repurchase fund has been used up, according to the financial data in December 31, 2018, the ratio of repurchase funds to the total assets of the company is 6.61%, accounting for 17.74% of the shareholders' equity belonging to the listed company, and 14.83% of the total current assets.

As of December 31, 2018, YOUNGOR had 10 billion 708 million yuan in currency capital and strong financial strength.

In accordance with the company's financial data as at December 31, 2018 and the total amount of 5 billion yuan to be used for the repurchase, we will calculate the asset liability ratio of the company after repurchase cancellation, which will increase 4.42 percentage point to 66.89%, and it will remain in a reasonable range.

According to the company's operation, finance and future development, YOUNGOR's board of Directors believes that the implementation of the buyback plan will not have a significant impact on the company's business activities, financial status, R & D capability, profitability, debt performance and future development, and will not lead to the distribution of the company's stock rights which does not meet the listing requirements and will not affect the listing status of the company.

Public information shows that YOUNGOR is a diversified, progressive and growing international group based on three major sectors, namely, brand clothing, real estate development and financial investment. According to the financial report, in 2018, YOUNGOR realized operating income of 9 billion 635 million yuan, down 2.07% compared to the same period last year; net profit attributable to the stock market of listed companies was 3 billion 677 million yuan, an increase of 1139.14% over the same period; the net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 3 billion 99 million yuan; basic earnings per share were 1.03 yuan, and each 10 shares were offered a cash dividend of 5 yuan (including tax) and an increase of 4 shares.

During the reporting period, YOUNGOR's main business includes brand clothing, real estate development and investment business, and the main business mode of the company has not been adjusted.

The company's fashion apparel sector finished business revenue of about 5 billion 644 million yuan, an increase of 13.22% over the same period last year. The net profit attributable to shareholders of listed companies was 830 million yuan, an increase of 9.34% over the same period last year.

The real estate sector completed operating income of 3 billion 991 million yuan, down 17.79% from the same period last year, and realized a net profit of 1 billion 49 million yuan attributable to shareholders of listed companies, down 14.51% from the same period last year.

The investment income of the investment business reached 3 billion 207 million yuan, an increase of 5.25% over the same period last year, and the net profit attributable to shareholders of the listed company was 1 billion 798 million yuan, an increase of 3 billion 487 million yuan over the same period last year.

In 2019, YOUNGOR will continue to promote the three strategies of "intelligent manufacturing, intelligent marketing and ecological science and technology", which will accelerate the construction of the project to ensure the delivery of the project as scheduled, and the revenue is expected to increase by about 20% over the same period of the previous year.

1, fashion clothes

In 2019, YOUNGOR will continue to pay attention to connotative growth, start from many dimensions such as new retail, new brand and new channel, and realize comprehensive pformation and upgrading in various reforms and explorations.

To enhance brand driving force: in the development, we should constantly clarify and adjust the goals and direction of each brand, tap the endogenous driving force of brand value, and enhance the independent operation ability of sub brands.

In 2019, 500 new HANP socks counters will be opened, and the brand of YOUNGOR women's clothing will be re launched.

Improve the product's fashion: take advantage of the whole industry chain, introduce the popular version, technology and fabric, and launch new fashion products, cultivate new growth points; build online bestseller products through online big data mining; use popular IP and launch joint names to raise the attention index and consumption ratio of the main customers in the new era.

We will comprehensively promote intelligent manufacturing: at the same time, we will set up and upgrade the full-automatic smart line of suits, shirts and fashion in Ningbo base. We will consider the overall planning of the remote control and control of the three bases in the future, and start the digital pformation project of Hunchun and Ruili base, and strive to create a fast, efficient and flexible manufacturing plant.

Deepen the operation of data platform: through the application of new retail tools and the practice of RFID, expand the scope of application of DRP, pform the distribution and retail system, membership system, ordering system, organization, channel and promotion system and settlement system, and fully realize the digitalization of stores, digitalization of goods, digitalization of logistics capabilities, digitalization of organization and digitalization of members.

Improve the quality of channel operation: promote the goal of 1000 tens of millions of large stores, increase investment in first tier cities, optimize the layout of provincial capital cities and key second tier cities, strengthen group purchase management, further improve sales share, set up a new retail business department, enlarge the online and offline integration as the target, launch the "YOUNGOR workshop" concept store, take the craftsman spirit as the breakthrough point, enter the high-end shopping center, and create a new image of YOUNGOR shop.

Touch up to train new generation members: use 3D volume and large screen virtual fitting system to build smart stores, enhance consumption experience, use self media matrix, cloud stores, micro mall stores and other interactive demands, through cooperation with "IP authorization, black technology, opinion leaders" and other popular new things, to attract younger customers' attention and membership pformation.

2, real estate sector

In 2019, YOUNGOR will maintain the main keynote of prudent investment and upgrading, so as to ensure the sustainable development of real estate business.

(1) 5 new projects are planned (Ningbo Zhong Gong Miao massif, Eagle Hill massif, jiangshang garden two, Jiangbei bay head area and Qilihe Qilihe plot), with a new construction area of 774 thousand and 900 square meters.

(2) 4 planned completion projects (Ningbo big Yue garden, two purple flower terrace, Haiyan house and Suzhou Zhijin court), with an area of 424 thousand and 300 square meters.

(3) plans to push and push up the first phase, the two phase of the Ningbo jiangshang garden, the Songjiang mansion, the Zhijin Zhijin court, Zhoushan Harbour City and other projects, and the additional sale area will be 372 thousand and 800 square meters.

(4) set up YOUNGOR Kang travel Holdings Limited, integrating existing assets such as zoos, hotels, scenic spots, restaurants, health preservation projects, and explore the next direction of development.

3, investment business

In 2019, YOUNGOR investment will focus on market opportunities, choose financial assets to handle assets, and no longer carry out financial equity investment in non main sectors, and reduce the impact of capital market volatility on the company's uncertainty.