Important Notice
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China Great Wall Computer Shenzhen Co., Ltd. (hereinafter referred to as "Great Wall Computer") has obtained approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") for the share exchange merger with Great Wall Information Industry Co., Ltd. (hereinafter referred to as "the Company" or "Great Wall Information") and related asset replacement and issuance of shares for asset purchase and fundraising matters (hereinafter referred to as "this major asset restructuring" or "this transaction").
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According to the share exchange merger plan, Great Wall Computer will issue shares to all shareholders of the Company registered as of the close of trading on the share exchange registration date, in exchange for the shares held by those shareholders. After the completion of the share exchange merger, the legal status of the Company will be canceled. The A-shares of Great Wall Information have been suspended from trading since November 1, 2016. The Company's board of directors has applied to the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") for the termination of the listing of its shares, which has been approved by the SZSE. On January 18, 2017, the shares of Great Wall Information were delisted.
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The share exchange registration date for this major asset restructuring is January 17, 2017. Great Wall Computer will initiate the share exchange implementation after the delisting procedures for Great Wall Information's shares are completed. Shareholders of Great Wall Information registered as of the close of trading on the share exchange registration date will automatically convert their shares into A-shares issued by Great Wall Computer at a ratio of 0.5424:1 (i.e., each new share issued by Great Wall Computer will exchange for 0.5424 shares of Great Wall Information).
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After the completion of the share exchange procedures, the shares held by Great Wall Information shareholders will automatically convert into A-shares issued by Great Wall Computer at the exchange ratio of 0.5424:1, and shareholders can check their share balances.