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Liquidation Announcement of Zhejiang TTGG Letong Equity Investment Partnership (limited partnership)

日期: 2015-09-21
浏览次数: 9
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Zhejiang TTGG Letong Equity Investment Partnership (limited partnership) (hereinafter referred to as “TT Letong”) participated in the non-public issuance of Great Wall Movie and Television Co., Ltd. ( SZ.002071; hereinafter referred to as “Great Wall Movie and Television”), and in accordance with the Announcement of the Resolution of the 11th Conference of Great Wall Movie and Television’s 5th Board of Directors, the issue price is 90% of the average price of stock exchange in 20 trading days before pricing benchmark, and that is 17.26 Yuan/share, hereinafter referred to as “the issuance”. The total paid-in capital contribution of TT Letong was RMB 42,500,000.00Yuan. The company will manage and use the aforesaid total paid-in capital contribution of TT Letong strictly according to the investment purpose of TT Letong and the fund will be invested in money market instrument when left unused.

Since Jun. 2015, as the market slumped in the secondary market, the share price of Great Wall Movie and Television fell to the lowest 11.23 Yuan/share, and the closing price of Great Wall Movie and Television was 13.82 Yuan/share up to Sept. 11, 2015, and the issue price is higher than the market price. In consideration of the present financing environment, financing time and through further communication with all parties, to guarantee the investors’ interest, Great Wall Movie and Television announced that its 16th Conference of the 5th Board of Directors discussed and passed Proposal on Termination of Non-public Stock Issue and Great Wall Movie, and Television decided to terminate the issuance (See Great Wall Movie and Television Announcement for details, announcement No.: 2015-086).

Because TT Letong terminated investment, TT Letong carried out the liquidation according to the partnership agreement. The principal of the investment plus income of cash management and then minus relevant bank trustee fee and incidental expenses is the residual asset which be distributed in accordance with the paid-in capital contribution proportion of all partners of TT Letong. The total distribution income of TT Letong was RMB 190,614.04 Yuan up to Sept.18. 2015. The amount of money of each asset partner should receive on the settlement day=each partner’s paid-in capital contribution+RMB 190,614.04Yuan* (each partner’s paid-in capital contribution /42,500,000.00). As manager of TT Letong, the company transferred the principal and interest to each partner’s registered account on Sept. 18, 2015. Please remember to check your accounts.


Hereby announced.


Zhejiang TTGG Letong Equity Investment Partnership (limited partnership)

Sept. 18, 2015


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