Everchina Int'l (00202.HK) announced that the Board of Directors has been notified by the company's Chairman and non-executive director, Jiang Zhaobo, that he has signed a share transfer agreement today (27th). Jiang Zhaobo will transfer 51% of the issued share capital of Rich Monitor Limited and Pengxin Holdings Limited to his son, Jiang Xiaoheng.

The announcement also revealed that as of today, Rich Monitor Limited holds 1.133 billion shares of Everchina Int'l, accounting for approximately 15.54% of the total issued share capital of Everchina Int'l; as for Pengxin Holdings Limited, it holds 908 million shares of Everchina Int'l, accounting for approximately 12.4% of the total issued share capital of Everchina Int'l. Both Rich Monitor Limited and Pengxin Holdings Limited are major shareholders of Everchina Int'l.

Everchina Int'l stated that prior to the completion of the aforementioned transfer, Rich Monitor Limited and Pengxin Holdings Limited were held respectively by Jiang Zhaobo and Jiang Xiaoheng with 51% and 49% equity. After the completion of the transfer, Jiang Zhaobo will no longer hold any equity in Rich Monitor Limited and Pengxin Holdings Limited, and therefore will no longer be a shareholder of Everchina Int'l.

As for Jiang Xiaoheng, who became the sole beneficial owner of Rich Monitor Limited and Pengxin Holdings Limited, he is considered to have an interest in 2.042 billion shares, accounting for approximately 28% of the total issued share capital of the Company as of today.