CHANGYOU ALLIANCE GROUP LIMITED 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.
0
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1039) PROPOSED CHANGE OF COMPANY NAMEThe board (the "Board") of directors (the "Directors") of Changfeng Axle (China) Company Limited (the "Company") proposes to change the name and dual foreign name of the Company from "Changfeng Axle (China) Company Limited" and " ( ) 0 " to "Fortunet e-Commerce Group Limited" and " tli�ffijff�IJI 0 " (the "Change of Company Name").
Conditions for the Change of Company Name
The proposed Change of Company Name is subject to (i) the passing of a special resolution by the shareholders of the Company (the "Shareholders") approving the Change of Company Name at the forthcoming annual general meeting of the Company (the "Annual General Meeting"); and (ii) the Registrar of Companies in the Cayman Islands approving the use of the proposed new name and dual foreign name by the Company.
Subject to the satisfaction of the above conditions, the new name and dual foreign name of the Company will take effect from the date of entry of the new name and dual foreign name of the Company on the Register of Companies maintained by the Registrar of Companies in the Cayman Islands. The Company will carry out all necessary registration and/or filing procedures with the Registrar of Companies in the Cayman Islands and the Companies Registry in Hong Kong.
The Directors consider that the Change of Company Name will provide the Company with a new corporate image and will reflect the Company's relationship with its new controlling Shareholder and its related group members, upon completion of the subscription and the acquisition as set out in the announcement of the Company dated 25 March 2015. The Directors believe that the Change of Company Name will benefit the Company's future business development and is in the interests of the Company and the Shareholders as a whole.
1
The Change of Company Name will not affect any rights of the Shareholders. Once the Change of Company Name becomes effective, any issue of share certificates of the Company thereafter will be in the new name of the Company and the shares of the Company will be traded on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in the new name of the Company. However, all the existing share certificates in issue bearing the present name of the Company will, after the proposed Change of Company Name having become effective, continue to be evidence of title to such shares and the existing share certificates will continue to be valid for trading, settlement, registration and delivery purposes. There will not be any arrangement for free exchange of the existing share certificates for new certificates bearing the new name of the Company.
Annual General Meeting
At the Annual General Meeting to be convened and held, a special resolution will be proposed for the Shareholders to consider and, if thought fit, approve the proposed Change of Company Name. A circular containing, among other things, information relating to the proposed Change of Company Name together with a notice of the Annual General Meeting, will be despatched to the Shareholders as soon as practicable.
Further announcement(s) will be made by the Company to inform the Shareholders of the results of the Annual General Meeting, the effective date of the Change of Company Name and the corresponding change of English and Chinese stock short names of the Company for trading of the shares on the Stock Exchange as and when appropriate.
By Order of the Board
Chairman
Hong Kong, 1 3 April 2015
As at the date of this announcement, the executive Directors of the Company are Mr. Cheng Jerome, Ms. Wu Ching and Mr. Yuan Weitao; the non-executive Directors of the Company are Ms. Dong Ying, Dorothy, Mr. Feng Xiaohui and Mrs. Guo Yan; and the independent non-executive Directors of the Company are Mr. Wong Chi Keung, Mr. Liu Erhfei and Mr. Chan Chi Keung Alan.
2
|
distributed by
|
