Financials May 23, 2022 07:44 AM (GMT+8) · EqualOcean
Jiayuan International Holdings announced on the Hong Kong stock exchange that the board of directors learned that on May 18, 2022, 1348000 shares ultimately controlled and held by the company's controlling shareholder Mingyuan Group Investment Co., Ltd. by the company's chairman and non-executive director Shen Tianqing were forcibly sold on the open market by a securities company because the value of securities in the account fell sharply and failed to meet the margin. On the date of this announcement, the number of shares jointly held by Mingyuan investment and Shen Tianqing was 3.666 billion shares, equivalent to 74.69% of the issued share capital of the company. The board of directors further confirmed that the operation of the group remained normal; The group continued its business as usual. The company will continue to suspend trading for a short time pending the publication of an announcement on the possible sale of a non wholly owned subsidiary of the company.

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