GOME "separation" window, the two sides continue negotiations

NetEase Finance November 1 rising today, is prior to capture family and Chen on non-listed stores stay the agreed deadline.

And NetEase finance today understand that present both sides is still on the new "package" plan for negotiations, the separation of the GOME is "out" will be postponed.

August 27, Huang family sent a letter to the Board of Directors that, once the GOME Wong Ka on September 28, general meeting of 5 motion is rejected, you will recover managed to store non-listing of listed companies.

3 days to Chen as the representative of the United States, the Board of Directors sent a request to capture family on November 1, before the resumption of GOME non-listed companies. In the 28 September, on the general meeting of shareholders of the CSA's 5 motion, only to recover the additional authorized the Board of Directors approved, that day, Huang guangyu said, the United States or in November "separation".

Today is Nov. 1, GOME separation of window period.

And in this 3 days ago, Huang guangyu, suddenly sent a letter that has been done to recover the non-listed shop for independent operators prepared and published in the next five-year plan of the shop, but at the same time, both parties being "packaged" plan to negotiate, negotiate content including Chen resignation, the Board of Directors to increase the capture family of two seats and non-listed stores listed. injection It will also be analysts believe, Huang guangyu family through non-listed shop on Chen has pressured. But on leaving the CSA requirements Chen, GOME, respond to claims that Chen remain is the shareholders voted, Chen now does.

For today's window period, Huang guangyu said, today there will be the outcome of the negotiations, 1 November and is not a deadline because of the CSA in 27 August sent a letter that the CSA's 5 motion are not returned through the recovery of non-listed stores, but on the general meeting of shareholders, 5 resolutions adopted 1; Chen, written at the end of August we asked the CSA by 1 November resumed non-listed shop, but at the end of the day of the general meeting of shareholders or their position that will continue to negotiate.

It is understood that there still is a "package" plan for negotiations, but negotiations have not yet been reached on the substantive content. Huang guangyu said Chen attitude does not actively and GOME aspects were of the view that the CSA requires that the departure of request tool is too emotional. NetEase finance informed that in the Board of Directors to increase the CSA representatives, many have reached a consensus, but stay in Chen, unable to reach consensus, and this is likely to lead to the ultimate failure of the negotiations.

Huang guangyu said, negotiations will not drag on indefinitely, recently announced the outcome of the negotiations.

Huang guangyu family has done to recover the non-listed shop independent operators, again convened general meeting of shareholders, etc.