Announcement • Jun 30
Tongding Interconnection Information Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Tongding Interconnection Information Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.062 loss per share (vs CN¥0.063 profit in FY 2024) Full year 2025 results: CN¥0.062 loss per share (down from CN¥0.063 profit in FY 2024). Revenue: CN¥3.41b (up 18% from FY 2024). Net loss: CN¥76.4m (down 199% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Announcement • Apr 28
Tongding Interconnection Information Co., Ltd., Annual General Meeting, May 18, 2026 Tongding Interconnection Information Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Mar 31
Tongding Interconnection Information Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Tongding Interconnection Information Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Feb 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Announcement • Dec 31
Tongding Interconnection Information Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Tongding Interconnection Information Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.1% Last year net profit margin: 1.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.038 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.038 in 3Q 2024). Revenue: CN¥924.1m (up 27% from 3Q 2024). Net income: CN¥24.1m (down 49% from 3Q 2024). Profit margin: 2.6% (down from 6.5% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Tongding Interconnection Information Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Tongding Interconnection Information Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.81, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 74x in the Communications industry in China. Total returns to shareholders of 8.2% over the past three years. New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Announcement • Jul 02
Tongding Interconnection Information Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Tongding Interconnection Information Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.98, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 68x in the Communications industry in China. Total returns to shareholders of 27% over the past three years. Announcement • May 20
Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 10, 2025 Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 10, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China New Risk • May 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 7.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥4.94, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 66x in the Communications industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: CN¥0.063 (vs CN¥0.19 in FY 2023) Full year 2024 results: EPS: CN¥0.063 (down from CN¥0.19 in FY 2023). Revenue: CN¥2.92b (down 13% from FY 2023). Net income: CN¥77.3m (down 67% from FY 2023). Profit margin: 2.7% (down from 7.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Tongding Interconnection Information Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Tongding Interconnection Information Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Dec 31
Tongding Interconnection Information Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Tongding Interconnection Information Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.038 (vs CN¥0.021 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.038 (up from CN¥0.021 loss in 3Q 2023). Revenue: CN¥726.1m (down 18% from 3Q 2023). Net income: CN¥47.0m (up CN¥73.2m from 3Q 2023). Profit margin: 6.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 17% to CN¥3.89. The fair value is estimated to be CN¥4.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company became loss making. Announcement • Sep 30
Tongding Interconnection Information Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Tongding Interconnection Information Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.092 profit in 2Q 2023) Second quarter 2024 results: CN¥0.01 loss per share (down from CN¥0.092 profit in 2Q 2023). Revenue: CN¥665.2m (down 29% from 2Q 2023). Net loss: CN¥11.7m (down 110% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Tongding Interconnection Information Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Tongding Interconnection Information Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 16
Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 07, 2024 Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 07, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.19 (up from CN¥0.10 in FY 2022). Revenue: CN¥3.35b (up 1.0% from FY 2022). Net income: CN¥236.8m (up 89% from FY 2022). Profit margin: 7.1% (up from 3.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.09, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 45x in the Communications industry in China. Negligible returns to shareholders over past three years. Announcement • Mar 30
Tongding Interconnection Information Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Tongding Interconnection Information Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.61, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 43x in the Communications industry in China. Total returns to shareholders of 7.5% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.97, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 39x in the Communications industry in China. Total returns to shareholders of 1.3% over the past three years. Buy Or Sell Opportunity • Jan 25
Now 23% overvalued Over the last 90 days, the stock has fallen 16% to CN¥4.79. The fair value is estimated to be CN¥3.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Board Change • Jan 01
High number of new directors There are 7 new directors who have joined the board in the last 3 years. CFO & Director Danghan Chen was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
Tongding Interconnection Information Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Tongding Interconnection Information Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.023 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.092 (up from CN¥0.023 loss in 2Q 2022). Revenue: CN¥932.9m (up 13% from 2Q 2022). Net income: CN¥113.1m (up CN¥141.0m from 2Q 2022). Profit margin: 12% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • May 23
Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 12, 2023 Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 12, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2022 annual report and its summary; to consider 2023 estimated continuing connected transactions; to consider launching hedging business by the Company and wholly-owned subsidiaries in 2023; to consider financing guarantee for subsidiaries; to consider 2023 application for financing quota from financial institutions and relevant authorization; to consider reappointment of 2023 audit firm; to consider accounting policy change; and to consider any other matters. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.52 loss in FY 2021) Full year 2022 results: EPS: CN¥0.10 (up from CN¥0.52 loss in FY 2021). Revenue: CN¥3.32b (up 11% from FY 2021). Net income: CN¥125.5m (up CN¥772.2m from FY 2021). Profit margin: 3.8% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Independent Director Zebin Wang is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 11
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Independent Director Zebin Wang is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.033 (vs CN¥0.04 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.033 (up from CN¥0.04 loss in 3Q 2021). Revenue: CN¥919.3m (up 22% from 3Q 2021). Net income: CN¥41.4m (up CN¥90.7m from 3Q 2021). Profit margin: 4.5% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.023 loss per share (vs CN¥0.069 profit in 2Q 2021) Second quarter 2022 results: CN¥0.023 loss per share (down from CN¥0.069 profit in 2Q 2021). Revenue: CN¥824.8m (up 23% from 2Q 2021). Net loss: CN¥27.8m (down 132% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 09
Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 27, 2022 Tongding Interconnection Information Co., Ltd., Annual General Meeting, Jun 27, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider 2022 estimated continuing connected transactions; to consider 2022 launching hedging business by the Company and wholly-owned subsidiaries; to consider financing guarantee for subsidiaries; to consider 2022 application for financing quota to financial institutions and relevant authorization; to consider reappointment of 2022 audit firm; and to consider other matters. Reported Earnings • Apr 28
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: CN¥0.52 loss per share (down from CN¥0.035 profit in FY 2020). Revenue: CN¥2.98b (down 17% from FY 2020). Net loss: CN¥646.7m (down CN¥690.3m from profit in FY 2020). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.04 loss per share (vs CN¥0.11 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥755.1m (down 20% from 3Q 2020). Net loss: CN¥49.4m (down 137% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.46, the stock trades at a forward P/E ratio of 89x. Average forward P/E is 32x in the Communications industry in China. Total loss to shareholders of 49% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.056 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥673.0m (down 34% from 2Q 2020). Net income: CN¥86.1m (up CN¥155.5m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.035 (vs CN¥1.68 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.59b (up 1.3% from FY 2019). Net income: CN¥43.6m (up CN¥2.17b from FY 2019). Profit margin: 1.2% (up from net loss in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.036 (vs CN¥1.68 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.61b (up 1.9% from FY 2019). Net income: CN¥45.2m (up CN¥2.17b from FY 2019). Profit margin: 1.3% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 140%. Over the next year, revenue is forecast to grow 18%, compared to a 32% growth forecast for the Communications industry in China. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥3.86 The company is down 25% from its price of CN¥5.17 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 10.0% over the same period. Price Target Changed • Jan 08
Price target lowered to CN¥5.63 Down from CN¥9.10, the current price target is provided by 1 analyst. The new target price is 43% above the current share price of CN¥3.93. As of last close, the stock is down 44% over the past year. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.95 The company is down 22% from its price of CN¥5.07 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥4.67 The company is down 20% from its price of CN¥5.85 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥4.97 The company is down 6.0% from its price of CN¥5.30 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 9.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥2.19b, with earnings decreasing by CN¥2.35b from the prior year. Total revenue was CN¥3.44b over the last 12 months, down 14% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥5.08 The company is down 2.0% from its price of CN¥5.17 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. Announcement • Sep 21
Tongding Interconnection Information Co., Ltd.(XSEC:002491) dropped from FTSE All-World Index (USD) Tongding Interconnection Information Co., Ltd.(XSEC:002491) dropped from FTSE All-World Index (USD) Announcement • Sep 09
Suzhou Wuqi Chuangji Equity Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 6.95% stake in Tongding Interconnection Information Co., Ltd. from TongDing Group Co., Ltd. Suzhou Wuqi Chuangji Equity Investment Partnership Enterprise (Limited Partnership) signed an agreement to acquire 6.95% stake in Tongding Interconnection Information Co., Ltd. from TongDing Group Co., Ltd. for approximately CNY 500 million on April 27, 2020. As per terms of transaction, Wuqi Chuangji Equity will acquire 86.9565 million shares of Tongding Interconnection Information Co., Ltd. at CNY 5.75 per share. On June 29, 2020, the Tongding Interconnection Information Co., Ltd. repurchased and cancelled part of the performance commitment compensation shares. The shares were reduced by 11 million shares and the total share capital was reduced to 1250.463090 million shares. The 86.9565 million shares that TongDing Group Co., Ltd. intends to transfer will now account for 6.95% of the Tongding Interconnection Information Co., Ltd. total share capital, instead of 6.89%.
Suzhou Wuqi Chuangji Equity Investment Partnership Enterprise (Limited Partnership) completed the acquisition of 6.95% stake in Tongding Interconnection Information Co., Ltd. from TongDing Group Co., Ltd on September 2, 2020. Announcement • Aug 13
Tongding Interconnection Information Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Tongding Interconnection Information Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020