Jingyi listed and transferred its instrument subsidiary A few days ago, 7.3 million shares (18.03% equity) of Beijing Bofei Instrument Co., Ltd. were listed and transferred, and the listed price was 1110.196436 million yuan.

According to public information, Beijing Bofei Instrument Co., Ltd. was established in 1998 by Beijing Optical Instrument Factory, a well-known Chinese optical industry company. The company specializes in the development, production and marketing of geodetic instruments, construction equipment and surveying and mapping technology system integration. With the changes in the market, the company’s performance has fallen significantly in recent years. According to the company's financial statements, in the first five months of 2013, Bo Fei's operating income was 21.8 million yuan, while its net profit was 4.65 million yuan. The owner's equity also suffered a loss of 12.63 million yuan. The corresponding evaluation value given by the assessment agency is the listed price of 111.964436 million yuan.

In terms of equity structure, Beijing Jingyi Group Co., Ltd. holds 81.97% of shares and is the company's largest shareholder. In addition, Beijing Jingyi Investment Co., Ltd. holds 16.31% of the shares, and is the second largest shareholder of the company; Shaanxi Hangguang Instrument Sales Co., Ltd., Shandong Surveying and Mapping Instrument Co., Ltd., and Jilin Province Northern Surveying and Mapping Instrument and Equipment Company hold 0.74% and 0.49% respectively. 0.49% of the shares. Except for controlling shareholders, the remaining 4 shareholders intend to transfer all the equity they hold, while the largest shareholder also waives the exercise of the right of first refusal.

Bo Fei equipment contains state-allocated land. The company stated that part of the land use rights certificates included in the scope of this assessment have already expired on the assessment base date, but the company promised that the property rights are owned by them and there is no dispute over property rights. In addition, as of the assessment date, the 6 buildings and the assessed land of a field located on a land parcel of Beijing Economic and Technological Development Zone have been mortgaged by Bofei Instrument. The rights value is 100 million yuan. The mortgage period is December 29, 2011 to On February 29, 2014, the company had external guarantees of collateral, and this assessment did not consider the impact of past or future possible collateral guarantees and the prices that may be paid by special parties, etc. The existence of contingent liabilities related to assets within the assessment range may have an impact on the asset price.

The validity period of the listing will be within 20 working days from July 12. If it fails to collect the intended transferee at that time, the company will continue to defer the listing until it has solicited the intended transferee.

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