Prospectus and Issuance Announcement
Summary of the Prospectus
- Purpose of the Prospectus Summary
This summary aims to provide the public with a brief overview of the issuance and does not include all content from the full prospectus. The full prospectus is also published on the Giant Tide website (http://www.cninfo.com.cn). Investors should read the full prospectus carefully before making subscription decisions and use it as the basis for their investment decisions. If investors have any questions regarding this summary or the prospectus, they should consult their stockbroker, lawyer, accountant, or other professional advisors. The issuer and all directors, supervisors, and senior management personnel commit that there are no false records, misleading statements, or significant omissions in the prospectus and its summary, and they bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of the prospectus and its summary. The person in charge of the company and the person responsible for accounting work, as well as the head of the accounting agency, guarantee that the financial accounting data in the prospectus and its summary are true, accurate, and complete. Any decisions or opinions made by the China Securities Regulatory Commission or other government departments regarding this issuance do not imply a substantive judgment or guarantee of the value of the issuer's shares or the returns for investors. Any contrary statements are false and misleading.
Section 1: Major Matters Reminder
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Profit Sharing Plan
According to the resolution of the first extraordinary general meeting of shareholders held on March 29, 2010, the undistributed profits accumulated before the public offering of shares will be shared by both new and existing shareholders after the public offering. Additionally, according to the resolution of the annual general meeting of shareholders held on June 27, 2010, no distribution of profits will be made for the year 2009. As of June 30, 2010, the audited undistributed profits of the company amounted to 70.5257 million yuan. -
Shareholder Commitments Before Issuance
The controlling shareholder, Yao Sheng, commits not to transfer or entrust others to manage the shares he directly and indirectly holds in the issuer for thirty-six months from the date of the company's stock listing, nor will the issuer repurchase those shares. Other shareholders commit not to transfer or entrust others to manage their directly and indirectly held shares for twelve months from the date of the company's stock listing, nor will the issuer repurchase those shares. Additionally, as shareholders, the directors, supervisors, and senior management personnel of the company also commit that after the aforementioned commitment period, the shares they transfer each year during their tenure will not exceed twenty-five percent of their total shares held, and they will not transfer their shares within six months after leaving the company. -
Transfer of State-owned Shares
In accordance with the "Implementation Measures for the Transfer of Some State-owned Shares in the Domestic Securities Market to Supplement the National Social Security Fund" (Caiqi [2009] No. 94) and the response from the Hunan Provincial State-owned Assets Supervision and Administration Commission (Xiang Guo Zi Chan Quan Han [2010] No. 71) regarding the transfer of state-owned shares of Hunan Shengjingshanhe Bio-Technology Co., Ltd., during the company's initial public offering of A shares and listing, the state-owned shareholder Xiangjiang Investment must transfer 10% of the shares corresponding to the number of shares publicly issued to the National Social Security Fund. Based on the proposed public issuance of no more than 17 million shares, Xiangjiang Investment must transfer no more than 1.7 million shares to the National Social Security Fund. The National Social Security Fund will inherit the lock-up commitments of Xiangjiang Investment.