- As a special resolution, that a name of a Company be altered from “China Xiniya Fashion Limited” to “Dunxin Financial Holdings Limited”;
- As an typical resolution, that a certified share collateral of a Company be increasing from US$50,000 divided into 1,000,000,000 Ordinary Shares of a standard value of US$0.00005 any to US$100,000 divided into 2,000,000,000 Ordinary Shares of a standard value of US$0.00005 any by a origination of an additional 1,000,000,000 Ordinary Shares of a standard value of US$0.00005 any to arrange pari passu in all respects with a existent Ordinary Shares; and
- As a special resolution, that a Amended and Restated Memorandum and Articles of Association of a Company now in outcome be nice and restated by their deletion in their entirety and a transformation in their place of a Second Amended and Restated Memorandum and Articles of Association annexed hereto.”
The record date is bound on February 9, 2018 as a record date for integrity of those shareholders of a Company that are entitled to accept notice of, attend or opinion during a EGM.
In tie with a due change of Company name as referred to above, a Company intends to change a ticker pitch from “XNY” to “DXF”. The Company anticipates that a trade pitch change will start following a efficacy of a name change.
With regards to a change of a Company name, a Company finished a sale of Xiniya Holdings Limited, a Company’s unconditionally owned auxiliary in Hong Kong, to Qiming Investment Limited (“Divestiture”). Concurrent with Divestiture, a Company acquired True Silver Limited, a British Virgin Islands association from Honest Plus Investments Limited (“Acquisition”) on December 28, 2017. As a outcome of a Divesture and Acquisition, a Company altered from a weave and attire wardrobe business to a microfinance lending business in Hubei Province, China (as reported in a Form 6-Ks submitted with a Securities and Exchange Commission on December 11, 2017 and December 29, 2017). We trust that a name “Dunxin Financial Holdings Limited” better describes a Company’s new business in a microfinancing lending industry.
As a outcome of a Acquisition, all 1,000,000,000 Shares are released and outstanding. This leave a Company with no ability to extend options or Shares underneath a Company’s 2010 Equity Incentive Plan or a coherence to lift collateral by a distribution of Shares or to acquire other companies in a microfinance lending business (or other businesses). Hence, we introduce to boost a certified share collateral from 1 billion Ordinary Shares to 2 billion Ordinary Shares.
The due change of a Company’s name and a boost to certified collateral will not impact any of a rights of a shareholders. All existent share certificates of a Company in issue, after a change of a Company’s name and a boost to certified collateral apropos effective, will continue to be stream for all purposes. There will not be any arrangement for giveaway sell of a existent share certificate for new share certificate temperament a new name of a Company or to simulate a boost in a certified capital. Upon a capitulation and a efficacy to a change of a Company’s name and a boost in certified capital, destiny share certificates will be released underneath a new name of a Company and simulate a increasing to certified capital.
We are proposing to adopt a new Memorandum and Articles of Association for a Company to simulate a name change, to a boost to certified shares, and to simulate that a Company is now listed on a NYSE American. All other supplies will sojourn unchanged.
The notice of a EGM of shareholders is accessible on a Company’s website during http://www.corpasia.net/us/XNY/irwebsite/index.php?mod=announcements.
Safe Harbor Statement
This news recover contains forward-looking statements within a definition of Section 21E of a Securities Exchange Act of 1934, as amended, and as tangible in a U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by vernacular such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and identical statements. Such statements are formed on management’s stream expectations and stream marketplace and handling conditions, and describe to events that engage famous or different risks, uncertainties and other factors, all of that are formidable to envision and many of that are over a Company’s control, that might means a Company’s tangible results, opening or achievements to differ materially from those in a forward-looking statements. Further information per these and other risks, uncertainties or factors is enclosed in a Company’s filings with a U.S. Securities and Exchange Commission. The Company does not commence any requirement to refurbish any forward-looking matter as a outcome of new information, destiny events or otherwise, solely as compulsory underneath law.
For additional information, greatfully contact:
China Xiniya Fashion Limited
Ms Claire Chen
SOURCE China Xiniya Fashion Limited