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Linekong Interactive Group Co., Ltd. — Capital/Financing Update 2016
Dec 30, 2016
51356_rns_2016-12-30_9f57e4b1-470f-4c1c-85cb-d58484bdafb9.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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Linekong Interactive Group Co., Ltd. 藍 港 互 動 集 團 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8267)
TERMINATION OF THE CAPITAL INCREASE AGREEMENT AND SHAREHOLDERS ’ AGREEMENT IN RESPECT OF SERIES A SHARE CAPITAL
Reference is made to the announcement of Linekong Interactive Group Co., Ltd (the ‘‘Company’’, together with is subsidiaries, the ‘‘Group’’) dated July 5, 2016 (the ‘‘Announcement’’) in relation to, among others, the subscription of Series A Share Capital of Horgos Linekong Pictures Corporation (霍爾果斯藍港影業有限公司) (‘‘Linekong Horgos’’) by Linekong Entertainment Technology Co., Ltd., Ningbo Meishan Bonded Port Zone Leguang Investment Centre (Limited liability partnership) (寧波梅山保稅港區樂廣投 一 資中心(有限合伙)) and Shenzhen Rongsheng Yihao Investment Centre (深圳融盛 號投資 中心). Unless otherwise defined, the capitalized terms used herein shall have the same meanings as those defined in the Announcement.
Due to the needs arising from its strategic development, Linekong Horgos proposed to terminate the Capital Increase Agreement and Shareholders’ Agreement, which will not be further implemented. Accordingly, on December 30, 2016, the parties to the Capital Increase Agreement and Shareholders’ Agreement, upon friendly negotiation, entered into an agreement in writing (the ‘‘Termination Agreement’’), in which they unanimously agreed to terminate the Capital Increase Agreement and Shareholders’ Agreement. According to the Termination Agreement, the parties to the Capital Increase Agreement and Shareholders’ Agreement will not have any relation in respect of any rights and obligations therefrom with each other. The directors of the Company consider that the termination of the Capital Increase Agreement and Shareholders’ Agreement will not have any significant negative impact on the Group’s operation and financial conditions.
The Group will continue to focus on its gaming business with a view to improving its profitability, and pursue a strategy featuring the synergy of Movies-Animation-Games business. The Group will seek for opportunities in a timely manner with reference to the actual conditions of Linekong Horgos, and will make further announcements as and when
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appropriate pursuant to the Rules Governing the Listing of Securities on the Growth Enterprise Market (the ‘‘GEM Listing Rules’’) of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’).
By order of the Board Linekong Interactive Group Co., Ltd. WANG Feng Chairman
Beijing, PRC, December 30, 2016
As at the date of this announcement, the executive Directors of the Company are Mr. WANG Feng, Ms. LIAO Mingxiang, Mr. MEI Song and Mr. ZHAO Jun; the non-executive Director is Mr. QIAN Zhonghua; and the independent non-executive Directors are Mr. MA Ji, Mr. ZHANG Xiangdong, Mr. WANG Xiaodong and Ms. ZHAO Yifang.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the ‘‘Latest Company Announcements’’ page of the Stock Exchange’s website at www.hkgem.com for at least 7 days from the date of its posting and be posted on the website of the Company at www.linekong.com.
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