2021 3
FANGDA PARTNERS
Shanghai Beijing Shenzhen Hong Kong Guangzhou
http://www.fangdalaw.com
288 E-mail: email@fangdalaw.com
24 Tel.: 86-21-2208 1166
200041 Fax: 86-21-5298 5599
File No.:19CF0818
24/F, HKRI Centre Two
HKRI Taikoo Hui
288 Shi Men Yi Road
Shanghai 200041, PRC
“ ”
“ ”
“ ” “ ”
“ ”
1
“ ”
2
1.1
2020 11 9
30% 30% 30%
30%
17.51% 17.51%
17.51% 17.51%
97.51%
1.2
(1)
(2)
47.51% 47.51%
47.51% 47.51%
30.00% 30.00% 30.00% 30.00%
13.34% 13.34% 13.34% 13.34%
4.17% 4.17% 4.17% 4.17%
47.51% 47.51% 47.51% 47.51%
(3)
A
1.00
1
(4)
(5)
(6)
2019 10 24
60
4.45 /
4.01 / 90%
P1=P0/(1+n)
P1=(P0+A×k)/(1+k)
P1=(P0+A×k)/(1+n+k)
P1=P0-D
P1=(P0-D+A×k)/(1+n+k)
P0 n k
A D P1
2020 6 24 2019
2019 2020 7 16
0.077
2019 2020 7 17
4.01 / 3.93 /
2
(7)
(2020) 3061-01
(2020) 3061-02 (2020) 3061-03
(2020) 3061-04
40,022.37
68,007.59 94,473.26
41,738.05
116,046.67
40,022.37 47.51% 19,015.88
68,007.59 47.51% 32,312.54
94,473.26 47.51% 44,887.21
41,738.05 47.51% 19,831.06
(8)
116,046.67 3.93
/ 3 295,284,140 A
30% 12,006.71 30,551,424
30% 20,402.28 51,914,198
1 30% 28,341.98 72,116,997
30% 12,521.42 31,861,119
73,272.39 186,443,738
13.34% 5,340.32 13,588,600
13.34% 9,074.48 23,090,278
2
13.34% 12,605.88 32,076,030
13.34% 5,569.24 14,171,094
3
32,589.92 82,926,002
4.17% 1,668.85 4,246,437
4.17% 2,835.78 7,215,725
3 4.17% 3,939.34 10,023,765
4.17% 1,740.39 4,428,473
10,184.36 25,914,400
/ 116,046.67 295,284,140
2019
(9)
1.
36
2. 6 20
6
6
3.
4.
1.
4
12
36
12
12
2.
3.
1.
12
12
36
2.
3.
(10)
5
(11)
(12)
2020 2021 2022
403.65 349.63 255.36
2020 12 31
2021 2022 2023 349.63
255.36 128.23
(13)
30
2.1
2.1.1
6
(1) 2019 10 23
(2) 2020 7 22
(3) 2020 8 14
2020
(4) 2020 9 21
(5) 2020 11 9
2.1.2
(1) 2019 9 23
[2019]418
2020 8 11
[2020]450
(2) 2019 10 23
4.17%
7
(3) 2020 10 30
13.34%
2.1.3
(1) 2020 10 30
6.67%
47.51%
(2) 2020 10 30
6.67%
47.51%
(3) 2020 10 30
6.67%
47.51%
(4) 2020 10 30
6.67%
47.51%
2.1.4
(1) 2019 11 7
(2) 2020 7 9
0010GZWB2020010 0011GZWB2020011
0012GZWB2020012 0013GZWB2020013
2.1.5
8
(1) 2020 12 31
[2020]3691
186,443,738 82,926,002
25,914,400
3.1
3.1.1
(2021) 494
47.51%
97.51%
3.1.2
[2021] 212
47.51%
97.51%
3.1.3
2 2021 fs21011910450
47.51%
97.51%
9
3.1.4
[2021] 444
47.51%
97.51%
3.2
2100491 2021 2 24
47.51% 47.51%
47.51% 47.51%
1,128,617,440 1,128,617,440
A 295,284,140 A
833,333,300
3.3
2021 3 3
295,284,140
1,128,617,440
833,333,300 295,284,140
4.1
10
4.2
(1)
(2)
(3)
11
(1)
(2)
(3)
12