500. Com Limited Announeced The Private Placement Of Shares And Appointing New Employees

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February 22, 2022
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500. COM LIMITED ANNOUNCED THE PRIVATE PLACEMENT AND APPOINTMENT OF NEW EMPLOYEES

500 com limited, provider of online lottery in china, announced the conclusion of a final subsription agreement with a good luck information., limited ("good luck information"), a company registered in hong kong, for the relaase and sale of newly issued order and sale of newly issued ordinary shares of class a.

In accordance with the agreement, good luck information will buy 85,572,963 newly released shares of class a total purchase of approximately 23 million us dollars with calculations in us dollars or cryptocurrencies, including bitcoins, on the selection of the company within one month from the date of conclusion of the agreement. Good luck information must complete the purchase price in the currencies determined by the currencies determined by the date of the company. The purchase price for a share of 0.269 ​​us dollars is the cost of closing the company’s ad company on december 1820, 2020, the last trading day, directly preceding the date of the conclusion of the purchase agreement.

Good luck information company agreed to impose on all shares that she or her affiliate will receive during a transaction, a contractual restriction on blocking within 180 days after closing. It is expected that the closure will take place on febrary 20, 2021. Or earlier, after performing conventional closing conditions.

Information about good luck is controlled by mr. Mans san vincent lo, the founder of the company 5% of the company’s issued share capital. After the closure of good luck information will own 16.6% of the circulation issued and in the circulation of ordinary shares.

The company’s board of directors suggestod that company learn business opportunities in the branches and cryptocurrencies, based on some successful experience of their partner loto interactive limited. The board of directors appointed mr. Xianfan yana chief executive officer of the company and mr. Bo yua – the main operating officer of the company, both from decept 21, 2020.

Mr. Yang has extensive experience in the cryptographic digital virtual currency industry. He was responsible for the construction and operation of a large data center loto interactive limited. Mr. Yang is also chairman of the industrial park of large data changhe hydropower absorption blockchain in sichuan province. Mr. Yang served as senior from 2018 to 2020. Mr. Yang received a bachelor’s degree in architecture at the university of science and technology huachzhun.

Mr. Yu held the position of director of the company since 2017 and held the position of chief legal adviser since 2014. Mr. Yu received a master’s degree in law at the university of iowa, as well as a master’s degree of law and a bachelor’s degree of science in uhana. University. Mr. Yu was admitted to the lawyer of michigan

Source: official website 500 com

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