管理层相信，彼等在将公司发展成为液体食品行业最大的领先无菌包装材料供应商之一的过程中发挥了重要作用，是继续领导公司并创造未来价值的最佳人选。通过专注于为股东创造价值，管理层相信，彼等将继续透过以下方式提升公司的服务能力及覆盖范围：(i)开发创新技术，以支持客户拓展市场及加强渠道控制；(ii)加快可持续产品的研发；及(iii)进一步实现供应链数字化并提高效率。On August 6th, Gelunhui announced that on August 5th, 2024, the board of directors of the company received a non-binding letter of intent from the management team, including (i) Mr. Bi Hua, the company's executive director, chairman, and chief executive officer; and (ii) Mr. Hong Gang, co-founder of the group and former non-executive director of the company (referred to as the management team), stating that they are considering proposing a possible voluntary conditional offer in accordance with the acquisition code.
The company has been informed by the management team that as of the date of this announcement, the management team collectively holds equity in 0.207 billion shares, accounting for approximately 14.72% of the company's total issued share capital.
The management team has further informed the board of directors that the possible management offer is based on the hostile bid (ultimately owned by Shandong Xinjufeng) announced by the hostile bidder, which is unsolicited, completely unwelcome and accompanied by a large number of preconditions.
The management team believes that they have played an important role in the process of developing the company into one of the largest and leading aseptic packaging material suppliers in the liquid food industry. They are the best candidate to continue leading the company and creating future value. By focusing on creating value for shareholders, the management team believes that they will continue to improve the company's service capabilities and coverage through the following ways: (i) developing innovative technologies to support customers' market expansion and strengthen channel control; (ii) accelerating the research and development of sustainable products; and (iii) further realizing the digitalization of the supply chain and improving efficiency.
The management team believes that the hostile bid completely undervalues the company and its prospects, and urges shareholders to reject this opportunistic acquisition. To emphasize their confidence in the company's value, the management team is considering a possible management offer to provide an opportunity for shareholders who wish to realize their value in the short term.
In addition, the company has applied to the Stock Exchange for the resumption of trading of shares on the Stock Exchange from 9:00 am on August 7, 2024.
