Notice disclosure, the controlling shareholder of 294 million shares will be Zhang Jindong, August 11, 2008 lifting of the ban and public circulation, Zhang Jindong, the original share-trading reform commitments based on the sale of additional shares of limited commitment, said on Aug. 10, 2010, Suning Appliance shares held by all the securities trading system is not passed (including bulk trading system) the way traded holdings.

Zhang Jindong, full ownership ban

Suning’s announcement that the controlling shareholder of the shares currently held Zhang Jindong 427 921 920 shares, representing 28.61% of total shares. Of which 134,150,400 shares were August 11, 2007 lifting of the ban, and public circulation, the remaining 293,771,520 shares will be August 11, 2008 lifting of the ban, then, will all shareholdings Zhang Jindong, lifting the ban.

Suning
and other business veterans, the third largest shareholder of Emperor Guangwu generous reduction in these two years is Suning Appliance, from June 2007 to February 2008 4, Emperor Guangwu Suning to sell 14,421,989 shares, the average price of 51.64 yuan / share, cash of about 745 million yuan. With previous selling, Emperor Guangwu Suning who cash in nearly 2 billion yuan. As of February 4, 2008 close, the Emperor Guangwu up for sale has been accumulated stock 49,840,100 shares, representing 3.46% total share capital of the company. Emperor Guangwu still hold shares 57,140,380 shares, representing 3.96% total share capital of the company.

Suning CEO Sun Weimin
yesterday in a telephone interview with this reporter, said he understood, the current majority shareholder of Suning no reduction plan. As of the first quarter of 2008, Suning Appliance ten shareholders, Zhang Jindong, Emperor Guangwu and Jin Ming as “individual” capacity squeeze list.

Suning announced today at the same time also a subsidiary to provide financing guarantees to the notice, respectively Foshan Suning, Suning, and Shaanxi, Fujian, Suning respectively of the maximum amount available is 6000 yuan, 80,000,000 yuan, 24,000,000 yuan of financial security, As of today, Suning Appliance security net has been discharged, may be adopted by the Board of Directors considered the cumulative number of external security for the 1.332 billion yuan, all for the purpose of subsidiary guarantees.

Suning Appliance Board considers that, Foshan Suning, Suning Fujian, Shaanxi Suning associated with the SFC does not exist contrary to the provisions of the situation. Of Suning Appliance, said the reason for its use of joint liability guarantees that provide guarantees to bank financing, because to further support the daily operations of the subsidiary capital needs, to better improve the company in Foshan, Fujian and Shaanxi region chain network layout.

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Zhang Jindong, Suning Appliance two years without reduction

Suning Appliance scheduled announcement released today shows promise Zhang Jindong, chairman of Suning Appliance shares held by the company within two years, not underweight. Zhang Jindong, thus becoming the first A share holdings of individual shareholders commitment to extension.

Suning Appliance notice
show on June 30, the company issued Zhang Jindong, the controlling shareholder received the “undertaking.” Based on the future development of Suning Appliance Suning Appliance confidence and promoting long-term stable development considerations, Zhang Jindong, the original share-trading reform commitments based on the following additional commitments: August 10, 2010, Zhang Jindong, Suning Appliance shares held by all of the securities is not passed trading system (including bulk trading system) traded holdings; Zhang Jindong will be commissioned as soon as possible to the china Securities Depository and Clearing Corporation, shenzhen Branch to apply for shares locked matters; the commitment expires, if Zhang Jindong, Suning to sell shares through the Stock Exchange 1% of the total share capital of the number to be from the date of the occurrence of two working days notice.

As of June 30, Zhang Jindong, Suning hold nearly 428 million shares, accounting for 28.61%, of which 1.34 billion shares was 11 August, 2007 ban, the remaining 294 million shares on August 11 this year Japan lifting the ban and traded.