On January 15, 2016, Guangzhou Hongli Optoelectronics Co., Ltd. (hereinafter referred to as “Companyâ€) received the “Commitment Letter†from the first major shareholder and Chairman Li Guoping.
Based on the confidence in the company's future development prospects and recognition of the company's value, in order to maintain the stability of the capital market, promote the company's sustained, stable, healthy development and safeguard the rights and interests of the majority of shareholders, Mr. Li Guoping promised from January 15, 2016 to 2017 1 On the 15th of the month, the shares of the company held by the company will not be reduced, including the shares generated during the commitment period due to the distribution of shares, the transfer of public reserve funds and other equity shares. If it violates the promise to reduce the shareholding, the proceeds from the reduction of shares will be turned over to the company and bear the legal responsibility arising therefrom.
As of the date of this announcement, Mr. Li Guoping directly holds 168,515,250 shares of the company, accounting for 27.41% of the company's total shares.
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