· Lanzhou Yutong reorganization, Zhuhai Yinlong will account for 80% of shares

On February 14th, Valentine's Day, the relevant department of Lanzhou City, Gansu Province revealed that “Lanzhou Yutong Bus Co., Ltd. mixed ownership restructuring and signing ceremony for industrial upgrading contract” was held in Lanzhou recently. After the reorganization, Zhuhai Yinlong New Energy Co., Ltd. and its related parties Fang will account for 80% of the shares of the new company. This indicates that Lanzhou Yutong has successfully reorganized. According to the agreement, in the next 3-5 years, Zhuhai Yinlong will invest 10 billion yuan in the Lanzhou New District to build a new energy bus industry base.
It is understood that as early as June 22, 2016, Zhuhai Yinlong New Energy Co., Ltd., which Dong Mingzhu has not officially held, has signed the “Framework Agreement on Cooperation of New Energy Vehicles and Power Storage Projects” with the Lanzhou Municipal Government. According to the agreement, Lanzhou Bus Group purchases or leases 1,500 Zhuhai Yinlong pure electric buses, of which 600 vehicles are in 2016-2017. Zhuhai Yinlong (or its related investors) restructured Lanzhou Yutong Limited by cash-investment and capital increase. After changing the registration of the new restructuring company, the company will fully implement the Lanzhou New District New Energy Vehicle and Power Storage Energy Industry Park project; in the next 3-5 years, Zhuhai Yinlong will invest 10 billion yuan in Lanzhou New District to introduce the most advanced technology and The process will build a new energy industrial park that meets the requirements of the national new energy and environmental protection standards. The project will be implemented in three phases, and finally the production of new energy industry in the whole industry chain such as new energy vehicles, power batteries, energy storage power stations and charging piles will be formed. Research and development park.
At the official signing ceremony, Lanzhou National Machinery Manufacturing Group, Gansu Tuoling Industry and Trade Development Co., Ltd. and Zhuhai Yinlong New Energy Co., Ltd. and Zhuhai Guangtong Automobile Co., Ltd., Lanzhou Camel Energy Management Co., Ltd., Beijing Zhongbang Xinda Investment The 7th party of the Consulting Co., Ltd. officially signed the "Lanzhou Yutong Bus Co., Ltd. Mixed Ownership Asset Reorganization and Industrial Upgrade Contract". The new company's shareholding ratio after the reorganization is: Lanzhou National Machinery Manufacturing Group Co., Ltd. holds 18.34%, Gansu Camel Bell Trade Development Co., Ltd. holds 1.66%, and Zhuhai Yinlong New Energy Co., Ltd. and its related parties hold 80% of the shares.
It is understood that at the end of December 2016, due to the unsuccessful acquisition of Zhuhai Yinlong by Geli, Dong Mingzhu personally joined Zhuhai Yinlong with the Wanda Group, Jingdong Group and CIMC. Five companies and individuals signed a capital increase agreement with Zhuhai Yinlong to jointly increase capital by RMB 3 billion and acquire 22.387% of Zhuhai Yinlong. Among them, Dong Mingzhu personally invested 1 billion yuan, accounting for about 7.5%, Dong Mingzhu is also officially ranked among the top five shareholders of Yinlong.