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00627 JAPAN KYOSEI
RTNominal down1.450 -0.090 (-5.844%)
Corporate Governance

09/09/2019 11:58

Fullsun Int'l (00627) shareholder gives all shares to son

[ET Net News Agency, 9 September 2019] Fullsun International Holdings Group Co.,
Limited (00627) said it has been notified by Pan WM, the ultimate controlling shareholder
of the company, that on 7 September 2019 he transferred (i) all the issued shares in
Tongda to Pan HR, the son of Pan WM; and (ii) the 1.08 million shares directly held by Pan
WM to Tongda, by way of a gift with no monetary consideration as part of a family
succession plan.
Immediately after the transfer, Pan HR becomes the ultimate controlling shareholder of
the Company, indirectly holding a total of 6.42 billion shares (representing approximately
56.45% of all the shares in issue) through Tongda.
Also, Pan Weiming has tendered his resignation as an executive director and chairman of
the board with effect from 7 September 2019. (RC)

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