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