TC

24/01/2020 13:38

Bojun Edu (01758) substantial shareholder changes

[ET Net News Agency, 24 January 2020] Bojun Education Company Limited (01758) said
Cosmic City, Surpass Luck and Zheng Yong have conditionally agreed to dispose of 114.63
million, 42.41 million and 76.88 million issued shares in the company, representing
approximately 13.95%, 5.16% and 9.35% of all issued shares, respectively, at a price of
HK$0.50 per share, amounting to total consideration of HK$57.32 million, HK$21.21 million
and HK$38.44 million, respectively. The purchaser is a company, which is ultimately owned
by Wang Jinglei.
Upon completion of the disposals, Cosmic City, Surpass Luck, Zheng Yong and the
purchaser will hold 98.49 million shares, 40.75 million shares, 46.51 million shares and
233.92 million shares, respectively, representing approximately 11.98%, 4.96%, 5.66% and
28.46% of all issued shares, respectively. Thus, the purchaser will become a substantial
shareholder of the company. (RC)

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