FX Hotels : Board of Directors’ resolute to Change of Organizational Structure (supplementary explanation for Company gets CPA opinion on transaction reasonableness)
Board of Directors' resolute to Change of
Organizational Structure (supplementary explanation for
Company gets CPA opinion on transaction reasonableness)
Date of events
2022/03/29
To which item it meets
paragraph 11
Statement
1.Type of merger and acquisition (e.g.merger, spin-off , acquisition,
or share transfer):spin-off
2.Date of occurrence of the event:2022/03/29
3.Names of companies participating in the merger and acquisition
(e.g., name of the other company participating in
the merger, newly established company in a spin-off,
acquired company, or company whose shares are transferred):
spin-off company: China Capital Management Group INC. (aka. China Capital)
newly established company in a spin-off: China Artix Hotel Management and
Development (BJ) Co., Ltd (aka. China Artix)
4.Trading counterparty (e.g., name of the other company
participating in the merger, company spinning off, or trading
counterparty to the acquisition or share transfer):
China Capital Management Group INC.
5.Relationship between the trading counterparty and the
Company (investee company in which the Company has
re-invested and has shareholding of XX%), explanation
of the reasons for the decision to acquire from or
transfer shares to an affiliated enterprise or related
party, and whether it will affect shareholders' equity:
the Company's 100% fully owned subsidiary, and it will not affect
shareholders' equity
6.Purpose of the merger and acquisition :N/A
7.Anticipated benefits of the merger and acquisition :N/A
8.Effect of the merger and acquisition on net worth per share and
earnings per share:N/A
9.Share exchange ratio and calculation assumptions:N/A
10.Whether the CPA, lawyer or securities underwriter issued
an opinion on the unreasonableness regarding the transaction:No
11.Name of accounting, law or securities firm:Jing Ho CPA Firm
12.Name of CPA or lawyer:Wang, Shu-Jing
13.Number of CPA or lawyer license:Associations Certified Public
Accountant of Taipei Member Certificate Number 4311
14.Estimated date of completion:2022/03/29
15.Matters related to the assumption of corporate rights and
obligations of the dissolving company (or spin-off) by the
existing or newly-established company:
China Capital Management Group Inc. Shanghai Xujiahui Branch Office belongs
to China Artix and China Artix does not need to assume any assets or
liabilities from China Capital.
16.Basic information of companies participating in the merger:N/A
17.Matters related to the spin-off (including estimated value
of the business and assets planned to be transferred to
the existing company or new company.The total no.of shares
to be acquired by the spun-off company or its shareholders,
and their respective types and no.Matters related to the
reduction, if any, in capital of the spun-off company)
(note: not applicable for announcements unrelated to spin-offs):
After spin-off，China Capital Management Group INC.'s paid-in capital：
CNY35.39M
China Boutix Hotel Management and Development (BJ) Co., Ltd's paid-in
capital：CNY11.70M
18.Conditions and restrictions for future transfer of shares
resulting from the merger and acquisition :N/A
19.Other important terms and conditions:N/A
20.Any objections from directors to the transaction:No
21.Is it related to new business model?:No
22.Explanation of new business model:N/A
23.Transactions with the counterparty for the past one year and
the next year:N/A
24.Source of funds:N/A
25.Any other matters that need to be specified:None
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Disclaimer
FX Hotels Group Inc. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 12:23:04 UTC.
Architectural Aesthetics Global Development CO.,LTD, formerly Yishe International Innovation Co., Ltd, operates a chain hotel brands to provide customers with a technological and healthy accommodation experience. The Companyâs chain of brands includes Boyi Resort Hotel, Boyi Boutique Hotel and others. The Company has a total of 83 opened hotels and hotels to be opened in major cities in China, among which Beijing, Shanghai, Guangzhou, Shenzhen, Taipei, Suzhou, Hangzhou, Shijiazhuang, Zhengzhou, Chongqing, Tianjin, Yangzhou and other places have 9126 guest rooms. For very important person (VIP) members, it provides personalized services, such as preferential room rates and housekeeping, delayed check-out, self-check-out, multiple FX Coins, free use of iPad.
FX Hotels : Board of Directors’ resolute to Change of Organizational Structure (supplementary explanation for Company gets CPA opinion on transaction reasonableness)
ARCHITECTURAL AESTHETICS GLOBAL DEVELOPMENT CO.,LTD. 
