On 1 November, the Bulletin on Supplementary Agreements with Reorganization Investors was issued. According to the bulletin, the company had signed a Supplementary Agreement to the Billion Crystal Light Technology Investment Agreement with the industrial investor, Shining Light, Ningborilian, to optimize the financing arrangements of the original Agreement. As a result of this adjustment, China Luang will become a controlling shareholder of the company, Mr. Lung Daqiang and Ms. Memrière will become the actual controlling owners of the company, and Ningborilian will act in harmony with the controlling shareholders.
more specifically, article i, paragraph 2 of the original agreement, “investment programme”, provides for “inventory financing under us$ 71,918.68 million” and non-incorporation under us$ 39,950.38 million。upon completion of the reorganization of the company, the company ' s controlling shareholders will become mr. lung daqiang and ms. memrières will become the company ' s de facto custodians, and ningborgian will act in harmony with the controlling shareholders and will be governed by the agreement on concerted action signed by the two parties.
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