On the evening of January 11, Youzu Networks Co., Ltd. (002174, Youzu Networks) issued a reminder announcement about the change of the actual controller and the change of equity, stating that after the completion of the equity change, the actual controller of the company will be replaced by Lin Qi changed to Ms. XUFENFEN (Chinese name: Xu Fenfen).
The announcement shows that on December 25, 2020, the company’s original controlling shareholder and actual controller Lin Qi unfortunately passed away, and Lin Qi directly held 219,702,005 shares of the company during his lifetime (of which Including 164,776,504 shares locked by senior management), there is no indirect holding of the company’s shares, and the shares held account for 23.99% of the current company’s total share capital.
According to the “Notary Certificate” notarized and issued by Shanghai Pudong Notary Public Office of the People’s Republic of China on January 9, 2021, Lin Qi directly held 219,702,005 shares of the company before his death , And there is no will or bequest or support agreement to dispose of the above-mentioned stock property. The aforesaid inheritance is jointly inherited by their minor children Lin Xiaoxi, Lin Ruijing and Lin Li, that is, the total of the above-mentioned Youzu Network shares is 219,702,005 shares, Lin Xiaoxi and Lin Ruijing each inherit 73,234,002 shares of them, and Lin Li inherits 73,234,001 shares of them; Xu Fenfen is The mother of minors Lin Xiaoxi, Lin Ruijing and Lin Li is the legal guardian of the three. There are equity pledges in some of the above-mentioned stocks, and Xu Fenfen pledged to continue to perform the relevant contracts in full.
According to the detailed report on changes in equity published by Youzu.com, XUFENFEN (Chinese name: Xu Fenfen) is a Singaporean and has served as a tour operator since July 16, 2020. Director of YOUZU (SINGAPORE) PTE.LTD., a wholly-owned subsidiary of the family. Lin Xiaoxi and Lin Ruijing are the daughters of Lin Qi, Lin Li is the son of Lin Qi, and Ms. Xu Fenfen is the mother of Lin Xiaoxi, Lin Ruijing and Lin Li. They are currently their legal guardians and legal representatives.
The announcement stated that the information disclosure obligors Lin Xiaoxi, Lin Ruijing and Lin Li thus inherited the equity interests held by Lin Qi before his death, resulting in the equity interests of listed companies owned by him In the event of corresponding changes, related changes will be handled by its legal agent Xu Fenfen through non-transactional transfer methods.
Youzu Network stated that after the change in equity, information disclosure obligors Lin Xiaoxi, Lin Ruijing and Lin Li, as parties acting in concert, jointly hold 23.99 of the company’s total share capital. % Equity. Xu Fenfen is the mother of his minor children Lin Xiaoxi, Lin Ruijing and Lin Li. The shareholders’ equity of the company’s shares held by Lin Xiaoxi, Lin Ruijing and Lin Li is unified by his legal guardian Xu FenFen exercises. Therefore, after the completion of this equity change, the company has no controlling shareholder, and Xu Fenfen is the actual controller of the company.
On January 11, the stock price of Youzu Network closed at 14.47 yuan per share, up 2.26% from the previous trading day, and the market value was about 13.3 billion yuan. This is a simple calculation , The value of 23.99% equity is approximately 3.19 billion yuan.
Youzu Network stated that after this equity change, the company still has the ability to operate independently, and will remain independent in terms of procurement, production, sales, and intellectual property rights.
Previously, on December 25, 2020, Youzu Network issued an announcement stating that the company’s chairman and general manager, actual controller, and family members of the controlling shareholder Lin Qi, Lynch died on December 25, 2020 due to invalid treatment.
According to the police report issued by the Shanghai police on December 23, at 17:00 on December 17, 2020, the police received a report saying that a hospital was in It was found that the patient Lin (male, 39 years old) was suspected of being poisoned. After receiving the report, the police immediately launched an investigation. After on-site inspection and investigation, it was discovered that Lin’s colleague Xu (male, 39 years old) was suspected of committing a major crime. Currently, Xu has been criminally detained by the police in accordance with the law, and related investigations are being further carried out. 
Youzu Network: The shareholding situation of information disclosure obligors before and after this equity change
Note: 1. The sale of shares at the upper limit does not include the lock-in shares of senior management .
2. The company is in the conversion period of convertible bonds, and the total share capital is in dynamic change. Therefore, the total share capital as of January 8, 2021 is used when calculating the ratio.