The relationship between the two shareholders in a timely and huge manner reduced their holdings of Stormwind Technology's acquisition target is strange

Subsequently, Stormwind Technology successively announced plans to reduce its holdings by billions of yuan by the company's second and third largest shareholders, and the company immediately encountered continuous limits.

Storm Technology has just launched an asset acquisition of up to 3.1 billion yuan, and it has ushered in a huge shareholder reduction plan.

Recently, Stormwind Technology, which has been suspended for nearly half a year, once again attracted market attention with a restructuring plan of up to 3.1 billion yuan. According to the "Report on Beijing Stormwind Technology Co., Ltd. Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds (Draft)" released by Stormwind Technology, Stormwind Technology plans to purchase 100% equity of Ganpu Technology, 60% equity of Jiangsu Daocao Bear Films, and Hangzhou Lidong Information Technology has 100% equity, with transaction considerations of 1.05 billion yuan, 1.08 billion yuan, and 975 million yuan respectively, and the total transaction price reaches 3.105 billion yuan.

Stormwind Technology resumed trading after releasing the above draft, and its share price rose sharply for two days after the resumption of trading. Subsequently, Stormwind Technology successively announced plans to reduce its holdings by billions of yuan by the company's second and third largest shareholders, and the company immediately encountered continuous limits. It is worth noting that between December 2015 and February 2016, suspected related parties of the above two major shareholders successively established partnerships with Storm Technology.

Lidong Technology has an ambiguous relationship with its original shareholders

. Among the three companies acquired by Stormwind Technology, Lidong Technology is the most suspicious. Lidong Technology stated in the above draft that its parent company Hangzhou Dukou Network Technology Co., Ltd.(hereinafter referred to as "Dukou Network") has transferred the assets of relevant related parties to unrelated third parties, but the reporter learned from Dukou Network and its related party employees that Dukou Network did not transfer the above-mentioned related party assets to unrelated third parties, but transferred them to the company and its related party employees.

According to the above draft, Dukou Network, the parent company of Lidong Technology, stated that it has transferred its 100% equity interest in Shanghai Dukou Information Technology Co., Ltd.(hereinafter referred to as "Shanghai Dukou") to an unrelated third party, and at the same time transferred Shanghai Nine-tailed Turtle Information Technology Co., Ltd.(hereinafter referred to as "Nine-tailed Turtle Technology") to an unrelated third party along with Shanghai Ferry. At the same time, Dukou Network has transferred its entire equity in Hangzhou Tianyi Technology Co., Ltd.(hereinafter referred to as "Hangzhou Tianyi") and its entire equity in Chengdu Zhiheng Digital Entertainment Co., Ltd.(hereinafter referred to as "Chengdu Zhiheng") to unrelated third parties.

In fact, the above disclosures are untrue. The industrial and commercial information of the above-mentioned company shows that the legal person of Shanghai Ferry is still Jinjin (The actual controller of Dukou Network), the investor was changed from Dukou Network to a natural person Zhu Hong; the current legal person of the nine-tailed turtle is Tu Zhuoli, and the investor is Shanghai Dukou, but Tu Zhuoli is the legal person and vice president of Lidong Technology. He was previously a senior employee of Dukou Network; Dukou Network previously held 25% of Hangzhou Tianyi. In December last year, Dukou Network transferred all of the above equity to Zhu Hong; Also in December, Dukou Network transferred its equity in Chengdu Zhiheng to Zhu Hong.

However, the recipient of the above-mentioned company's equity is not an unrelated third party. An employee of Shanghai Dukou told reporters that Zhu Hong is an employee of Dukou Network. Since Jin Jin, Zhu Hong and Tu Zhuoli are all related parties of Lidong Technology, Storm Technology disclosed the information inconsistent with the facts. More importantly, Hangzhou Tianyi Gulou Branch in Fuzhou City was the third largest customer of Lidong Technology in 2015. The latter's sales to the former were 2.38 million yuan, accounting for 11.57%.

Zhang Zhen, the managing partner of Yingtan San Ai Brothers Investment Management Consulting Center (Limited Partnership)(hereinafter referred to as "San Ai Brothers"), the second shareholder of Lidong Technology, remains a mystery. The original partners of the San Ai brothers were SIAU.SZE YEEARON (Xiao Ziyu), Sun Jingjing and Shao Hong. Eight days after the company was established, Xiao Ziyu transferred his equity to Zhang Zhen. Xiao Ziyu had rich experience in the game industry. From 2006 to June 2015, he served as deputy manager of Shanghai Jiuyou.com's overseas business center, director of Hong Kong Jiuyou.com, director of South Korea Jiuyou.com, etc. However, the draft does not mention that Zhang Zhen had any previous game-related experience. Storm Technology introduced her after the establishment of Lidong Technology. There was no relevant experience before. Employees of Limidong Technology's Hangzhou and Shanghai companies said they had not heard of Zhang Zhen.

In addition, the reporter learned from Dukou Network employees that the main games currently operated by Lidong Technology are "Song in the Cloud","Interstellar Strike" and "Legend of Sky Feather". These three games all come from Dukou Network, and the main employees of Lidong Technology also come from Dukou Network. Why Dukou Network newly established Dynamic Technology and introduced new shareholders to complete this capital operation instead of directly selling it to Storm Technology is quite unclear to the outside world.

It is reported that the research and development of the "Song in the Cloud" game was jointly completed by the Dukou Network R & D team (now basically transferred to Lidong Technology) and Makino Xingxing (Shanghai) Online Game Design and Production Co., Ltd.(hereinafter referred to as "Makino Xingxing"). Among them, Makino Xingxing is mainly responsible for the art research and development of the game, while the Dukou Network R & D team is responsible for the rest of the game such as the main program. However, the reporter found on the large poster on the first floor of the Dukou Network headquarters office building that "Song in the Cloud" still belongs to Dukou Network.

According to industrial and commercial registration data, Lidong Technology was established in August 2015. When "Interstellar Attack" was launched, Lidong Technology was not yet established."Interstellar Attack" was mainly developed and operated by Ferry Network R & D personnel.

According to the information and instructions provided by Lidong Technology and after verification,"Sky Feather Legend" was also previously operated by Ferry Network. On September 1, 2015, Guangzhou Online Games Digital Technology Co., Ltd., the copyright holder of "Sky Feather Legend", signed a "Sky Feather Legend" Contract Termination Agreement "with Ferry Network to terminate the operation of" Sky Feather Legend "by Ferry Network; On the same day, Guangzhou Online Games and Lidong Technology signed the "Online Game" Agency Operation Agreement ", granting the game operation rights of" Sky Feather Legend "to Lidong Technology.

The reporter learned from Lidong Technology's office in Shanghai that some offices are closed, and the office logo of some employees is still Shanghai Ferry. Its internal employees revealed that Lidong Technology and Shanghai Ferry are still working together, and both companies have employees in the office area.

Strange Cash

Stormwind Technology announced shareholder reduction announcements on March 29 and March 30 respectively. Qingdao Jinshi Stormwind Investment Consulting Co., Ltd.(hereinafter referred to as "Qingdao Jinshi"), the third largest shareholder of Stormwind Technology, and Beijing Harmony, the second largest shareholder, the Growth Investment Center (Limited Partnership)(hereinafter referred to as "Harmony Growth") plans to reduce its entire shareholding. As of the announcement date, Qingdao Jinshi and Harmony Growth held 11.4822 million shares and 21.56 million shares of Stormwind Technology respectively, accounting for 4.18% and 7.84% of the total share capital respectively.

However, suspected related parties of both companies established partnerships with Storm Technology a few months ago.

The controlling party of Qingdao Jinshi is CITIC Capital (Shenzhen) Asset Management Co., Ltd.(hereinafter referred to as "CITIC Asset Management"). In December 2015, Stormwind Technology signed the "Shanghai Junsheng Investment Partnership (Limited Partnership)" Partnership Agreement "with CITIC Asset Management, Ping An Trust Co., Ltd. and Beijing Chunxin Endeavor Investment Management Center (Limited Partnership), and plans to jointly invest RMB 684 million to subscribe for the capital contribution of Shanghai Junsheng Investment Partnership (Limited Partnership). Among them, Storm Technology subscribed for its capital contribution of RMB 68.4 million as a limited partner. CITIC Asset Management was wholly established by Shenzhen Yao Shengxin Consulting Co., Ltd., and the legal person is Zhang Miao. The reporter also found on the official website of CITIC Capital Holdings Co., Ltd.(hereinafter referred to as "CITIC Capital") that Zhang Miao, senior managing director and head of the structured financing department of CITIC Capital, is also Zhang Miao.

In addition, in January 2016, Stormwind Technology also signed the "Partnership Agreement for Stormwind Xinyuan (Tianjin) Internet Investment Center (Limited Partnership) with Shanghai Gefei Asset Management Co., Ltd., Tianjin Pinglu E-Commerce Co., Ltd. and Tianjin Stormwind Innovation Investment Management Co., Ltd., and plans to jointly invest RMB 500 million to subscribe for the capital contribution of Stormwind Xinyuan (Tianjin) Internet Investment Center (Limited Partnership). Among them, Stormwind Technology, as a limited partner, subscribed for its capital contribution of RMB 69.99 million. Shanghai Gefei Asset Management Co., Ltd. is an important related party for harmonious growth.

According to industrial and commercial data, partners in harmonious growth include Tianjin Gefei Xin Equity Investment Fund Partnership (Limited Partnership), Tianjin Gefei Xingye Equity Investment Fund Partnership (Limited Partnership) and Tianjin Gefei Jiye Equity Investment Fund Partnership (Limited Partnership). The executive partners of the above three companies are Tianjin Gefei Asset Management Co., Ltd., the legal person of the latter is Yin Zhe, and the legal person of Shanghai Gefei Asset Management Co., Ltd. is also Yin Zhe. Shanghai Gefei Asset Management Co., Ltd. and Tianjin Gefei Asset Management Co., Ltd. were funded and established by Gefei Asset Management Co., Ltd., and Gefei Asset Management Co., Ltd. was wholly-owned by Shanghai Noah Investment Management Co., Ltd. The actual controller is Wang Jingbo, who is also the actual controller of Noah Wealth, a U.S. listed company.

After the announcement of the above-mentioned shareholder reduction, Stormwind Technology suffered a continuous limit. However, as of the close of March 31, Stormwind Technology's share price still exceeded 90 yuan/share, and the total equity value of Qingdao Jinshi and Harmony Growth planned to reduce was nearly 3 billion yuan.

Regarding the questions raised by the reporter, Storm Technology stated that it responded in accordance with the regulations of relevant regulatory agencies.

Editor: yvonne