Introduction Of Strategic Shareholder Explorer To Transfer 7.73% Equity Interest

In December 23rd, the "outdoors first share" Pathfinder announced that Sheng Faqiang and Wang Jing, the controlling shareholder and the real controller, signed the share transfer agreement with the Tongyuan fund, transferring 68 million 920 thousand shares to the Tongyuan fund in the form of agreement transfer, accounting for 7.733% of the total share capital of the company. The transfer price was set at 4.5 yuan per share. The Tongji fund is a private equity investment fund managed by Beijing Tonghe Cci Capital Ltd as an executive partner. Its initial fund-raising is 3 billion yuan, and the total scale is expected to raise 10 billion yuan. After the completion of the share transfer, an important strategic shareholder will be introduced to the company.

Statistics show that the pathfinder was founded in January 1999, and was mainly engaged in R & D, design, production and sales of outdoor sportswear. In October 30, 2009, it was listed on the Shanghai stock exchange. The controlling shareholder and the actual control per capita were the chairman of the Pathfinder Sheng Faqiang (28.71%), Wang Jing and his wife (10.43%), and the two shareholding 39.14%.