Jiamei Food Packaging(Chuzhou)Co.,Ltd. disclosed on the evening of June 8 that it recently received a notification from its controlling shareholder, Suzhou Zhuoyue Hongzhi Technology Development Partnership, informing that the shareholder has pledged approximately 247 million shares, representing 50% of its holdings, at the Suzhou branch of Industrial Bank Co.,Ltd.
Zhuoyue Hongzhi is controlled by Yu Hao, the founder of Dreame Technology. Previously, this entity acquired a total of 494 million shares in Jiamei Packaging through methods including a negotiated transfer and a tender offer, representing a 45.01% stake, with an acquisition cost of approximately 2.2 billion yuan. The number of shares pledged in this transaction accounts for 22.51% of the listed company's total share capital.
Jiamei Packaging stated in its announcement that this pledge was conducted primarily by Zhuoyue Hongzhi to fulfill the financing arrangements related to its previous acquisition of the company's equity. It is also a compliance guarantee measure implemented in response to the risk control requirements for merger and acquisition loans at Industrial Bank. The pledge is not due to the financing needs of Zhuoyue Hongzhi or the company's actual controller, does not involve personal loans to third parties, fund lending, or other non-operational financing activities, and the pledged shares are not subject to performance compensation obligations related to significant asset restructuring.
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