The actual controller of Hang Seng Electronics intends to change from Ma Yun to no actual controller. The change of equity still needs to go through relevant approval or filing procedures

Our reporter Gui Xiaosun

On the evening of January 8, Hang Seng Electronics announced that the company had recently received a notice from the controlling shareholder Hang Seng Group and the “Simplified Equity Change Report” issued by Jack Ma, the company’s actual controller. After this equity change, the controlling shareholder of Hang Seng Electronics It is still Hang Seng Group, and the actual controller of Hang Seng Electronics will be changed from Ma Yun to no actual controller.

However, according to Hang Seng Electronics’ announcement, according to relevant laws, regulations and regulatory requirements, since Ant Group’s holding companies hold certain business licenses, the completion of the above-mentioned equity changes still needs to go through all necessary government department approval or filing procedures.

Shen Meng, chief strategist of Guangke Consulting, told the “Securities Daily” reporter that Hang Seng Electronics, as a leading domestic financial service platform company, focuses on the field of financial data generated by financial institutions. The actual controller has changed from Jack Ma to no actual control. People will not affect its operation.

According to the announcement of Hang Seng Electronics, on January 7, 2023, Jack Ma and relevant parties signed the “Agreement on Termination of Concerted Action Agreement”, “Agreement on Equity Transfer of Hangzhou Yunbo Investment Consulting Co., Ltd.”, “Hangzhou Junhan Equity Investment Partnership (Limited)” partnership) entry and withdrawal agreement, “commitment letter” and other documents.

Among them, according to the “Concerted Action Agreement Termination Agreement” signed by Ma Yun, Jing Xiandong, Hu Xiaoming and Jiang Fang, the aforementioned four people terminated the concerted action relationship at the investment level of Yunbo; according to Ma Yun, Jing Xiandong, Hu Xiaoming, Jiang Fang, Shao Xiaofeng , Ni Xingjun, Zhao Ying, and Wu Minzhi signed the “Equity Transfer Agreement on Hangzhou Yunbo Investment Consulting Co., Ltd.” Jing Xiandong, Shao Xiaofeng, Ni Xingjun, Zhao Ying, and Wu Minzhi will respectively acquire 20% of Yunbo Investment’s equity; according to “Hangzhou Junhan Equity Investment Partnership (Limited Partnership) Entry and Withdrawal Agreement”, Yunbo Investment withdrew from Hangzhou Junhan, Hangzhou Xingtao joined Hangzhou Junhan, and served as the general partner and executive partner of Hangzhou Junhan; Hangzhou Xingtao is held 20% by Ma Yun, Han Xinyi, Zhang Yu, Huang Chenli, and Zhou Yun respectively; after the completion of this equity change, Yunbo Investment and all shareholders of Hangzhou Xingtao issued a “Letter of Commitment” respectively, promising to exercise independently Its various shareholder rights in Yunbo Investment or Hangzhou Xingtao, including voting rights, will not enter into any form of concerted action arrangement with any other party; it will not seek control of Ant Group alone or jointly with any other party.

On this basis, Hang Seng Electronics announced that after this change in equity, since there is no longer any direct or indirect shareholder single or joint control of Ant Group, the parent company of Hang Seng Group, the actual controller of Hang Seng Electronics will also be changed by Mr. Ma Yun. No actual controller.

“Although there is no new actual controller, Hang Seng Electronics can also break the bottleneck of some business development and better serve financial institutions.” Shen Meng told reporters.