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Pathfinder: Shengfa, the actual controller, reduced its holdings by about 3%，Complete shareholding reduction plan

Author of this article: 188bet mobile 2017-12-05

Pathfinder’s December 4th Evening Announcement，Company’s controlling shareholder、actual controller Sheng Faqiang from November 13 to December 4，A total of 2616 shares 188bet mobile were reduced through block transactions and centralized bidding.350,000 shares，Reduction ratio 2.94%，Complete the shareholding reduction plan disclosed in September this year。According to previous announcement，Shengfa Qiang intends to reduce its holdings in the company to no more than 3%，Used to compensate employees’ principal losses in employee stock ownership plans, etc.。

Pathfinder (stock code: 300005) evening announcement on December 4，Company’s controlling shareholder、actual controller Sheng Faqiang from November 13 to December 4，A total of 2616 shares 188bet mobile were reduced through block transactions and centralized bidding.350,000 shares，Reduction ratio 2.94%，Complete the shareholding reduction plan disclosed in September this year。

According to previous announcement，Shengfaqiang plans to reduce the number of company shares held by no more than 26.73 million shares within six months after fifteen trading days from September 29, 2017, through centralized bidding or block trading and other legal methods，The proposed reduction of shares shall not exceed 3% 188bet mobile’s total share capital。The funds obtained from this shareholding reduction will be mainly used to compensate for the loss of principal of employees participating in the company’s first employee stock ownership plan，And the upgrading and transformation 188bet mobile’s R&D office space (the R&D office space is leased by the company from related parties), etc.。

Company representation，After the reduction is completed，Sheng Faqiang still holds the company’s shares 1.9.5 billion shares，Approximately 21% 188bet mobile’s total share capital.9050%，Still the controlling shareholder and actual controller 188bet mobile。

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Pathfinder Shengfaqiang