The Daughter Son-In-Law Of Semir Fashion Chairman Intends To Reduce 7% Shares: To Enhance Market Liquidity

The chairman's daughter and son-in-law will reduce the shares of the company.

On the evening of October 29th, Semir clothing (002563) issued a pre Disclosure Notice on the shareholding of more than 5% shareholders to reduce shares. It said that shareholders holding 11.26% of the week were planning to reduce 2% shares by block trading or centralized bidding within 6 months after the 3 trading day of the announcement.

Qiu Yanfang, director of Semir apparel 11.26%, plans to reduce 5% of the shares by way of agreement pfer.

The period of reduction is within 6 months after the 3 trading day of the announcement of the autocorrelation reduction plan (180 natural days), and the centralized auction trading method starts from the 15 day after the date of the announcement.

Qiu Yanfang and Zhou Pingfan are husband and wife, the first largest in Semir costumes.

The daughter and son-in-law of chairman Qiu Guang he, Zhou Pingfan is the vice-chairman of the company.

For the reasons for the reduction, Semir apparel said that in view of the personal capital needs of shareholders Zhou Pingfan and Qiu Yanfang, and taking into account the higher share holding ratio of the company's actual controllers and related parties, the liquidity of the company's stock market is poor, so as to enhance the market liquidity of the company's stock and improve the stock structure of the company.

Three quarterly reports show that the largest shareholder of Semir clothing is Qiu Guang and its shareholding ratio is 17.2%.

Qiu Guang, Qiu Jianqiang, Zhou Pingfan, Qiu Yanfang and Dai Zhi Yue are the actual controllers of Semir costumes. Qiu Guang and Qiu Jianqiang are father and son, Qiu Guang and Qiu Jianqiang are father daughter relations, and the husband and wife are husband and wife.

As of September 30, 2018, Semir top ten costumes

Name list

The announcement said there was uncertainty in the implementation of the reduction plan. Zhou Pingfan and Qiu Yanfang will decide whether to implement the share reduction plan according to market conditions and the company's stock price.

The implementation of the proposed reduction plan will not lead to changes in control rights of listed companies, and will not affect corporate governance structure and continuous operation.

Semir apparel official website shows that Zhejiang Semir dress Limited by Share Ltd is a brand clothing enterprise featuring the virtual operation, featuring a series of adult casual wear and children's clothing. Its brands include Semir and Barbara.

The third quarter report, released in October 24th, showed that the operating income of Semir apparel in the third quarter was 4 billion 230 million yuan, an increase of 17.25% over the same period last year, and the net profit attributable to shareholders of listed companies was 600 million yuan.

In October 29th, Semir apparel reported 8.69 yuan / share, down 9.29% from the previous trading day.