Meibang Fashion won 60 million yuan in compensation from major shareholders

Shanghai Metersbonwe Fashion Co., Ltd. (Mbon) issued an announcement last night that it had received a report yesterday from the fact that after it was dismissed from the controlling shareholder Shanghai Huafu Investment Co., Ltd. (hereinafter referred to as “Huafu Investment”), the e-commerce business was discontinued. The investment commitment letter, the initial investment in the e-commerce business of 60 million yuan will be Chinese investment compensation. In addition, after the e-commerce business is profitable, Meibang Apparel also has the priority of reorganization.

On September 29 this year, the US state apparel announced that due to profitability is difficult to protect, stop the e-commerce business, online shopping will be taken care of by the controlling shareholder investment services (for details, see Oriental Morning Post on September 29, A49 version, "Brandon announced that it stopped the e-commerce business. )).

According to the data, Meibang Fashion has been engaged in e-commerce business since 2009. December 18, 2010, state purchasing network formally launched. Although Zhou Chengjian, the founder of Meibang Apparel, once stated that the online shopping business will become better and better, it is reported that he refused to invest in the state purchasing network several times. On the other hand, after Meibang Apparel divested its e-commerce business to its controlling shareholder Huafu Investment, it triggered speculation in the market. Some market participants believe that this move paves the way for the separate listing of U.S. apparel online shopping. On July 8th this year, Huafu Investment established Shanghai AiSangbang Purchasing Information Technology Co., Ltd. (hereinafter referred to as "AiSangBang") with a registered capital of 20 million Yuan. Its business scope includes e-commerce, and then the e-commerce business from the listed company. Stripped to Aisang State.

Yesterday evening, Meibang Apparel announced that it had received a letter of commitment from Huafu Investment yesterday. Huafu Investment In view of the previous period, Meibang apparel investment in e-commerce business personnel salary, technology development, logistics and distribution and advertising and other project costs reached 60 million yuan, it is willing to make a corresponding amount of compensation for the initial investment, compensation 60 million yuan will be Payment shall be made within 15 days from the date of the aforementioned commitment letter.

At the same time, Huashang investment commitment, such as AiSangBang.com, achieves stable operation and has continuous profitability. Under the same price and conditions, MeiTe Garments enjoy the priority of merger and acquisition and reorganization with AiSangBang.

As the above amount will be credited to “capital reserve,” there will be no impact on the current performance of the company.

In addition, Meibang Apparel stated that because the business of the “AMPM” and “Chemical” brands in footwear, sanitary ware and household products is an affiliated business of e-commerce business, it is positioned in a professional online sales channel, and thus the company will no longer organize the above The online operation of the two brands is now planned to award the “AMPM” and “Chemical” brand of e-commerce business such as footwear, sanitary ware and household products, as well as the right to use the brand's online business, to AiSangbang for use within its operating period. Considering that the total salary, product development, and other expenses for the “AMPM” and “Yi” brands invested in the previous period totaled approximately RMB 15 million, the controlling shareholder’s investment commitments should be compensated accordingly.