Tempower International announces the signing of a bankruptcy and 188bet agreement with investors,Shenzhen Stock Exchange issued a letter of concern to inquire

Great Scenic Area Author of this article: 188bet 2021-04-21
The company signed the "Investment Agreement on Bankruptcy and 188bet" with the Yunnan Branch of China Orient Asset Management Co., Ltd.。

April 19,Tempower International announced,To promote the company’s 188bet related work,Strive to enter the 188bet process as soon as possible,The company signed the "Investment Agreement on Bankruptcy and 188bet" with the Yunnan Branch of China Orient Asset Management Co., Ltd.。

Agreement,Mutual confirmation by both parties,188bet B or a third 188bet designated by 188bet B shall serve as the reorganization investor for 188bet A’s reorganization procedures (including 188bet A’s pre-reorganization procedures)。The prerequisites for reorganization investment are all achievements including but not limited to the following conditions: 188bet B or a third 188bet designated by 188bet B participates in 188bet A’s bankruptcy and reorganization procedures and obtains approval from 188bet B’s headquarters;188bet A’s bankruptcy and reorganization application has been approved by the relevant securities regulatory authorities;The total size of 188bet A’s bankruptcy claims confirmed by 188bet A’s administrator and ruled by the competent court shall not exceed 5 billion yuan。The aforementioned prerequisites are ultimately subject to 188bet B’s approval from the headquarters at that time。

Announcement,Adjustment of investor’s rights in 188bet A’s bankruptcy and reorganization,The following arrangements are initially made: (1) All shares of Tempus International held by Tempus Group Co., Ltd. (hereinafter referred to as "Temperature Group") will not be adjusted,To compensate creditors of Tempus Group;(2) All the equity of 188bet A held by Zhong Baisheng, the actual controller of 188bet A, is conditionally transferred to the industrial investors;(3) The shares transferred from 188bet A’s capital reserve fund will no longer be distributed to the original shareholders,Part of it will be used to pay off 188bet A’s creditors,Part of it is conditionally transferred by 188bet B,Part of it is conditionally transferred by industrial investors。

The signing of the agreement will help promote the company to enter the 188bet process as soon as possible,Successful 188bet will improve the company’s asset-liability structure,Improve the company’s asset quality。

Also,Temperature International also issued an announcement on the postponement of disclosure of the 2020 annual report,The original scheduled disclosure date for the 2020 annual report is April 26, 2021,Due to the completion of work related to the preparation of the annual report being later than expected,In line with the principle of prudence and a responsible attitude towards the majority of investors,At the same time, to ensure the accuracy and completeness of the annual report。Prudently decided by the company,The company has postponed the disclosure of the 2020 annual report to April 29, 2021。


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