![]() He Xin, the controlling shareholder of the Phoenix Financial Group Limited (an ultimate beneficial owner with 70.82% equity interest), is the son-in-law of Xx. Xxx Changle has abstained from voting on the board resolutions approving the Trademark Licence Agreement and the transactions contemplated thereunder due to the fact that Mr. ![]() He Xin and the Licencee are therefore connected persons of the Company under the Listing Rules and accordingly the Transactions constitute continuing connected transactions for the Company under Chapter 14A of the Listing Rules.Īt the material time, Xx. Xxx Changle, who is the Chairman of the Board and Chief Executive Officer of the Company, both Mr. He Xin, the controlling shareholder of Phoenix Financial Group Limited (an ultimate beneficial owner with 70.82% equity interest), is the son-in-law of Xx. Phoenix Financial Group Limited is a limited liability company incorporated in Cayman Islands which is an associate of the Company.Īs Mr. The Licencee is a limited liability company incorporated in the PRC and currently a wholly owned subsidiary of Phoenix Financial Group Limited through a variable interest entity structure.īy order dated October 16, 2008, the Court has certified the Action as a class proceeding against CCI Capital Canada Limited, CCI Capital Corp., CCI Investments Inc., Centurion Developments Ltd., Ravi Chaudhary, Robert James Emerson, Environment Regeneration Systems Inc., Integrated Business Concepts Inc., Ricardo Molinari, Phoenix Financial Group Inc., Phoenix Financial Group (2000) Inc., Vince Villanti, James Wilson, 1009863 Ontario Inc. The Directors are also of the view that the Group has a strategic investment of approximately 11.37% equity interest (6.35% via a wholly owned subsidiary and 5.02% via a non-wholly owned subsidiary) in Phoenix Financial Group Limited, the further development of Phoenix Financial Group Limited is in the interest of the Group and its shareholders as a whole. ![]() ![]() Examples of Phoenix Financial Group in a sentence ![]()
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