Red Polylite’s actual controller, Fang, plans to cash out 140 million; previously cashed out 150 million; and is expected to have a non-recurring loss in 2025.

China Economic Net, Beijing, April 3 (report): Yesterday, Rubo Li (002165.SZ) released an announcement. The company recently received a notice letter titled “Letter of Notification on the Plan to Reduce Holdings of Some Shares of Rubo Li” submitted by its largest shareholder, Jiangsu Baoyuan Investment Management Co., Ltd. (abbreviated as “Baoyuan Investment”), and the company’s actual controller, Rui Jinggong. The company also received a “Letter of Notification on the Share Reduction Plan Submitted by Shareholders” submitted by director Kong Weilai.

Within three months after 15 trading days from the date of disclosure of the announcement, Baoyuan Investment plans to reduce its holdings of the company’s shares by no more than 5,752,698 shares via centralized competitive trading, representing no more than 0.7824% of the company’s total share capital; and by no more than 7,352,698 shares via block trading, representing no more than 1% of the company’s total share capital.

Within three months after 15 trading days from the date of disclosure of the announcement, Rui Jinggong plans to reduce its holdings of the company’s shares in total by no more than 1,600,000 shares via centralized competitive trading, representing no more than 0.2176% of the company’s total share capital.

Kong Weilai holds 300,000 shares of the company. Within three months after 15 trading days from the date of disclosure of the announcement, he plans to reduce his holdings of the company’s shares via centralized competitive trading by no more than 75,000 shares, representing no more than 0.01% of the company’s total share capital.

Based on Rubo Li’s closing price of 9.61 yuan on April 2, Baoyuan Investment’s cash-out amount is approximately 720.8k yuan (about 126M元 in Chinese text, but shown as “1.26元” here), Rui Jinggong’s cash-out amount is approximately 15.3760 million yuan, and the combined cash-out totals approximately 141 million yuan. Kong Weilai’s cash-out amount is approximately 720.8k yuan.

According to data from Sina Finance, Baoyuan Investment initially held 169 million shares, accounting for 28.00% of the total share capital. Baoyuan Investment began its first reduction of Rubo Li shares on September 17, 2020. To date, it has cumulatively reduced 25.6307 million shares of the company’s stock and has cumulatively cashed out approximately 149 million yuan. Rui Jinggong initially held 1.5157 million shares, accounting for 1.35% of the total share capital. This time, Rui Jinggong is reducing its holdings for the first time.

The announcement shows that Baoyuan Investment holds 142,926,800 shares of Rubo Li, accounting for 19.44% of the company’s total share capital. The company’s actual controller, Rui Jinggong, and his acting-in-concert party Rui Yimin jointly directly hold 8,049,124 shares, accounting for 1.09% of the company’s total share capital. Rui Jinggong and Rui Yimin, together with Rui Yihua, are the actual controllers of Baoyuan Investment. Through Baoyuan Investment, they directly and indirectly combined hold 20.53% of the shares.

Rubo Li stated that the implementation of this share reduction plan will not lead to any change in the company’s largest shareholder, and will not have a material impact on the company’s governance structure, equity structure, or ongoing operations.

Rubo Li’s previously disclosed earnings forecast shows that it expects net profit attributable to shareholders of listed companies of 16 million to 24 million yuan in 2025, representing a year-on-year decline of 58.97% to 72.65%; it also expects net profit after deducting non-recurring gains and losses of -15 million to -10 million yuan, representing a year-on-year decline of 129.62% to 144.43%, turning from profit to loss.

(责任编辑:关婧)

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