EX-4.7 2 v28278exv4w7.htm EXHIBIT 4.7 exv4w7
 

EXHIBIT 4.7
     This protocol will be valid when all the non-tradable shareholders of TCL or shareholders with two
Protocol of TCL’s Split Share Structure Reform (Hereinafter referred as “the protocol” or “this protocol”; TCL’s Split Share Structure Reform is referred as “the Reform” or “the Reform Plan”)
November 2005
This English version of the protocol is for reference only, in case any discrepancy exists between the Chinese and English context, the Chinese version shall prevail. The undersigned shall sign on the Chinese protocol.

 

 

This protocol will be valid when all the non-tradable shareholders of TCL or shareholders with two thirds of the holding shares in the non-tradable shares have signed on it:
The Huizhou Investment CO, .LTD
The Committee of TCL’ Labor Union
LI DONGSHENG
Namtai (Shenzhen) Electronics CO.,LTD
PHILIPS ELECTRONICS CHINA B.V
LUCKY CONCEPT LIMITED
REGAL TRINITY LIMITED
TOSHIBA CORPORATION
SUMITOMO CORPORATION
YUAN CHENGXIN
WU KE
ZHENG CHUANLIE
LV ZHONGLI
WU SHIHONG
HU QIUSHENG
GAO XIAOXIAN
ZHANG JIANWU
WEN SHANGLIN
YU YUEMING
YANG LI
ZHAO ZHONGYAO
YANG WEIQIANG
LI JIANSHENG
HUANG PINGCHU
WAN MINGJIAN
SHI WANWEN
LI YIMIN
CHEN DAOLIAO
SHAO BUANGJIE
YU GUANGHUI
HU LIXIAN
RONG QIN
ZHANG SHANSHUI
ZHANG JIE
LUO QIULIN
ZHANG YUNLONG
SHI BIGUANG
HUANG WANQUAN
CAO LI
ZHANG FUMIN

 

 

SHEN DAWEI
BO LIANMING
ZENG YANLING
HUANGWEI
CHEN AIJUAN
CHEN BEIHUANG
CHEN AIQIU
TANG LIN
YU ENJUN
YICHUNYU
Since:
1.   TCL CO, .LTD (TCL) is a company listing in the A share market, the total share capital is 2,586,331,144 shares. Among the total shares, 1,591,935,200 non-tradable shares are hold by the non-tradable shareholders, while 994,395,944 tradable shares are hold by public investors.
 
2.   For the future development of TCL, all non-tradable shareholders who agree to sign on this protocol (the undersigned) shall help to change the split share structure of TCL. They shall propose a motion on the Split Share Structure Reform to the Board of Directors.
All the undersigned shall agree to be bind by all the Chinese (mainland only) laws, rules and administration measures, regulations and procedures set by the Shenzhen Stock Exchange and articles in this very protocol, after careful negotiation, shall reach consensus on the following agreement:
1. The share composition in non-tradable shares
1.1 The following non-tradable shareholders in total hold all the non-tradable shares of TCL, details as follows:
                     
                Shares involve
                ownership dispute,
No.   Name of Shareholders   Shares holding   pledge or being frozen
1  
The Huizhou Investment CO, .LTD
     652,282,698          
   
 
                
2  
The Committee of TCL’ Labor Union
     235,418,484          
   
 
                
3.  
LI DONGSHENG
     144,521,730          
   
 
                
4  
Nantai (Shenzhen) Electronics CO.,LTD
     95,516,112          
   
 
                
5  
PHILIPS ELECTRONICS CHINA B.V
     63,677,409          
   
 
                
6  
LUCKY CONCEPT LIMITED
     47,758,056          
   
 
                
7  
REGAL TRINITY LIMITED
     47,758,056          
   
 
                
8  
TOSHIBA CORPORATION
     31,838,703          
   
 
                
9  
SUMITOMO CORPORATION
     6,049,353          
   
 
                
10  
YUANG CHENGXIN
     24,791,527          

 

 

                     
                Shares involve
                ownership dispute,
No.   Name of Shareholders   Shares holding   pledge or being frozen
11  
WU KE
     19,987,022          
   
 
                
12  
ZHENG CHUANLIE
     23,569,661          
   
 
                
13  
LV ZHONGLI
     23,569,661          
   
 
                
14  
WU SHIHONG
     10,084,689          
   
 
                
15  
HU QIUSHENG
     19,012,888          
   
 
                
16  
GAO XIAOXIAN
     16,485,598          
   
 
                
17  
ZHANG JIANWU
     15,072,199          
   
 
                
18  
WEN SHANGLIN
     15,072,199          
   
 
                
19  
YU YUEMING
     9,830,214          
   
 
                
20  
YANG LI
     9,961,062          
   
 
                
21  
ZHAO ZHONGYAO
     6,434,031          
   
 
                
22  
YANG WEIQIANG
     7,568,719          
   
 
                
23  
LI JIANSHENG
     15,496,968          
   
 
                
24  
HUANG PINGCHU
     7,850,706          
   
 
                
25  
WAN MINGJIAN
     3,313,814          
   
 
                
26  
SHI WANWEN
     2,456,045          
   
 
                
27  
LI YIMIN
     1,088,288          
   
 
                
28  
CHEN DAOLIAO
     2,275,897          
   
 
                
29  
SHAO BUANGJIE
     2,224,069          
   
 
                
30  
YU GUANGHUI
     2,076,808          
   
 
                
31  
HU LIXIAN
     1,993,111          
   
 
                
32  
RONG QIN
     1,541,733          
   
 
                
33  
ZHANG SHANSHUI
     1,846,337          
   
 
                
34  
ZHANG JIE
     1,826,778          
   
 
                
35  
LUO QIULIN
     1,755,117          
   
 
                
36  
ZHANG YUNLONG
     1,749,508          
   
 
                
37  
SHI BIGUANG
     1,690,679          

 

 

                     
                Shares involve
                ownership dispute,
No.   Name of Shareholders   Shares holding   pledge or being frozen
38  
HUANG WANQUAN
     1,650,655          
   
 
                
39  
CAO LI
     1,611,527          
   
 
                
40  
ZHANG FUMIN
     1,568,880          
   
 
                
41  
SHEN DAWEI
     1,545,926          
   
 
                
42  
BO LIANMING
     1,022,935          
   
 
                
43  
ZENG YANLING
     1,273,965          
   
 
                
44  
HUANGWEI
     1,262,660          
   
 
                
45  
CHEN AIJUAN
     1,241,731          
   
 
                
46  
CHEN BEIHUANG
     1,185,961          
   
 
                
47  
CHEN AIQIU
     1,168,607          
   
 
                
48  
TANG LIN
     1,168,607          
   
 
                
49  
YU ENJUN
     700,989          
   
 
                
50  
YICHUNYU
     1,086,828          
2. The Split Share Structure Reform Plan
2.1 TCL will undertake stock consideration/10 shares: 2.5 shares to tradable shareholders. TCL’s non-tradable shareholders will in total give out 248,598,986 shares to TCL’S tradable shareholders to gain the listing status of their initially non-tradable shares. All the shares that should be given out to tradable shareholders are from TCL’s non-tradable shareholders’ holding shares. TCL’s non-tradable shareholders shall give out shares according to their share weight in the total non-tradable share capital.
2.2 All the non-tradable shareholders who sign in this protocol shall undertake that, the sell and transfer of theirs shares will be bind by all the Chinese (mainland only) laws, rules and administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the articles in this very protocol.
2.3 Based on the above two articles, the non-tradable shareholders who agree to sign in this protocol shall together formulate the detailed Split Share Structure Reform Plan (the Reform Plan), propose to the Board of Directors as the motion on the split share structure reform.
2.4 All the non-tradable shareholders who sign in this protocol shall agree that, in receipt of the written proxy from non-tradable shareholders, the Board of Directors shall assist the non-tradable shareholders in adequately communicating and negotiating with the tradable shareholders and reach a final consensus on the reform plan, in line with all the Chinese (mainland only) laws, rules and administrative measures, regulations set by the Shenzhen Stock Exchange and the articles in this very protocol.

 

 

2.5 After widely solicit opinions from tradable shareholders, in case the reform plan has to be revised, the Board of Directors shall again obtain approval from all the non-tradable shareholders who agree to sign in this protocol.
2.6 The Reform Plan shall gain approval from the competent department of the State-owned Assets Supervision and Administration of Commission of the State Council (SASAC).
3. Implementation of the Split Share Structure Reform Plan
3.1 Besides approve the consideration plan, all the non-tradable shareholders who agree to sign in this protocol shall entrust the TCL and its Board of Directors with management of the Reform and relevant issues.
3.2 All the non-tradable shareholders who agree to sign on this protocol shall together propose a motion on the Reform Plan to TCL and its Board of Directors and entrust TCL and its Board of Directors with management of the Reform in line with all the Chinese (mainland only) laws, rules and administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the articles in this very protocol.
3.3 All the non-tradable shareholders who agree to sign on the protocol shall participate in the Reform as TCL’s non-tradable shareholders based on the Reform Plan (including the approved revised reform plan) and conduct in line with all the Chinese (mainland only) laws, rules and administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the articles in this very protocol.
3.4 All the non-tradable shareholders who agree to sign on the protocol shall undertake voting through the reform plan (including the approved revised reform plan) in the Extraordinary General Meeting in connection with the Reform (the EGM).
4. The validity of this Protocol
4.1 This protocol will be valid after all the non-tradable shareholders or non-tradable shareholders holding at least two thirds of the non-tradable shares signed on this protocol.
4.2 After the protocol become valid, all the non-tradable shareholders who have signed on the protocol shall be bind by the protocol.
4.3 After the protocol become valid, in case one or more non-tradable shareholders who did not sign the protocol cause obstacles in implementing the Reform Plan, the undersigned shall seek resolutions under the principle of fairness and justness. Within 3 months after the protocol comes into valid, if the undersigned do not resolve the obstacle, this protocol will be void automatically; if the undersigned and the other party has already found resolution to the obstacles (the resolution shall not offend the interest of the undersigned’s), this protocol shall still be valid and shall be undertook.
5.1 All the non-tradable shareholders shall not disclose any documents involving the reform issues, unless required doing so by the relevant government departments such as SASAC and CSRC.
5.2 All the undersigned shall in addition sign a Confidential Agreements on the Split Share Structure Reform.
6. Other issues

 

 

6.1 All the non-tradable shareholders who agree to sign on this protocol shall compromise settlements on other issues regarding the Reform Plan which are not mentioned in this protocol. The complementation agreement, contract and this protocol are legally of equal effect.
6.2 Conclusion, force, construction, implementation and dispute on this protocol shall be carried within Chinese (mainland only) jurisdiction.
6.3 All the dispute on this protocol or caused by this protocol shall be resolved under the jurisdiction of competent Shenzhen People’s Court (since TCL is listing on Shenzhen Stock Exchange)
6.4 There are ten originals of the protocol only. TCL will keep two originals of the protocol; the remaining originals will be sent to relevant competent government departments. There are fifty transcripts of the protocol only. Each non-tradable shareholder will keep a transcript of the protocol. The transcript of the protocol is referred as the copy of the original protocol with the official stamp of TCL’s Board of Directors. The transcript of the protocol and the original of the protocol are legally of equal effect.

 

 

(This page has no formal context. This is the sign page for <Protocol of TCL’s Split Share Structure Reform>)
[Note: Namtai (Shenzhen) Electronics CO.,LTD approved and signed December 2005]

 

 

Attachment 1
Intentional Program of Share-trading Reform in TCL Corporation
1. Forms and amounts of consideration arrangement
The considerations take the form of shareholders of non-tradable shares transferring stock shares to those of tradable shares.
For every 10 tradable shares, the shareholders of tradable shares enrolled on the date of record when the program is implemented will acquire 2.5 shares. The consideration arrangement executed by the shareholders of non-tradable shares to those of tradable shares total 248,598,986 shares. On the first trading date after the implementation of stock-trading reform program, those non-tradable shares held by shareholders of the company’s non-tradable shares will acquire the rights for trading on the market.
2. Execution method of consideration arrangement
In case that the stock-trading reform program is passed through the review by the relevant shareholders’ meeting, based on the consideration arrangement, the shares acquired by the tradable shareholders will be automatically added in proportion into the account by the registration company in accordance with number of shares held by the shareholders of tradable shares enrolled on the date of record when the program is implemented. The odd lots, which are insufficient to become one share after each shareholder of tradable shares calculate as per the proportion of acquired shares, shall be handled in accordance with the handling measures on odd lots as stipulated in Operational Guideline on Apportionment of Rights and Interests of Listed Companies and stock allotment registration business Shenzhen Branch of China Securities Depository and Clearing Corporation Limited (SD&C).
3. Plan for Added Consideration Arrangement
Our company currently has no plan for added consideration arrangement.
1. Execution Status Table of Consideration Arrangement
                                                 
                            Amount of    
                            shares    
            Before Implementation of   executing   After Implementation of
            Consideration Arrangement   consideration   Consideration Arrangement
        Name of Shareholder           Percentage in   arrangement           Percentage in
        Implementing Consideration   Shares held   total capital   this time   Shares held   total capital
No.   Arrangement   (shares)   stock (%)   (shares)   (shares)   stock (%)
  1    
Huizhou City Investment Holdings Limited
    652,282,698       25.22 %     101,861,443       550,421,255       21.28 %
       
 
                                        
  2    
Labor Union Working Committee under TCL Corporation
    235,418,484       9.10 %     36,763,303       198,655,181       7.68 %
       
 
                                        
  3    
Nam Tai Electronics (Shenzhen) Limited
    95,516,112       3.69 %     14,915,939       80,600,173       3.12 %
       
 
                                        
  4    
PHILIPS ELECTRONICS CHINA B.V.
    63,677,409       2.46 %     9,943,960       53,733,449       2.08 %
       
 
                                        
  5    
LUCKY CONCEPT LIMITED
    47,758,056       1.85 %     7,457,970       40,300,086       1.56 %
       
 
                                        
  6    
REGAL TRINITY LIMITED
    47,758,056       1.85 %     7,457,970       40,300,086       1.56 %

 

 

                                                 
                            Amount of    
                            shares    
            Before Implementation of   executing   After Implementation of
            Consideration Arrangement   consideration   Consideration Arrangement
        Name of Shareholder           Percentage in   arrangement           Percentage in
        Implementing Consideration   Shares held   total capital   this time   Shares held   total capital
No.   Arrangement   (shares)   stock (%)   (shares)   (shares)   stock (%)
  7    
Toshiba Corporation
    31,838,703       1.23 %     4,971,980       26,866,723       1.04 %
       
 
                                        
  8    
Sumitomo Corporation
    6,049,353       0.23 %     944,676       5,104,677       0.20 %
       
 
                                        
  9    
Li Dongsheng
    144,521,730       5.59 %     22,568,730       121,953,000       4.72 %
       
 
                                        
  10    
Yuan Xincheng
    24,791,527       0.96 %     3,871,482       20,920,045       0.81 %
       
 
                                        
  11    
Zheng Chuanlie
    23,569,661       0.91 %     3,680,674       19,888,987       0.77 %
       
 
                                        
  12    
Lu Zhongli
    23,569,661       0.91 %     3,680,674       19,888,987       0.77 %
       
 
                                        
  13    
Wu Ke
    19,987,022       0.77 %     3,121,203       16,865,819       0.65 %
       
 
                                        
  14    
Hu Qiusheng
    19,012,888       0.74 %     2,969,081       16,043,807       0.62 %
       
 
                                        
  15    
Gao Xiaoxian
    16,485,598       0.64 %     2,574,416       13,911,182       0.54 %
       
 
                                        
  16    
Li Jiansheng
    15,496,968       0.60 %     2,420,030       13,076,938       0.51 %
       
 
                                        
  17    
Wen Shanglin
    15,072,199       0.58 %     2,353,697       12,718,502       0.49 %
       
 
                                        
  18    
Zhang Jianwu
    15,072,199       0.58 %     2,353,697       12,718,502       0.49 %
       
 
                                        
  19    
Wu Shihong
    10,084,689       0.39 %     1,574,840       8,509,849       0.33 %
       
 
                                        
  20    
Yang Li
    9,961,062       0.39 %     1,555,534       8,405,528       0.32 %
       
 
                                        
  21    
Yu Yaoming
    9,830,214       0.38 %     1,535,101       8,295,113       0.32 %
       
 
                                        
  22    
Huang Pingchu
    7,850,706       0.30 %     1,225,978       6,624,728       0.26 %
       
 
                                        
  23    
Yang Weiqiang
    7,568,719       0.29 %     1,181,942       6,386,777       0.25 %
       
 
                                        
  24    
Zhao Zhongyao
    6,434,031       0.25 %     1,004,748       5,429,283       0.21 %
       
 
                                        
  25    
Wen Mingjian
    3,313,814       0.13 %     517,490       2,796,324       0.11 %
       
 
                                        
  26    
Shi Wanwen
    2,456,045       0.09 %     383,540       2,072,505       0.08 %
       
 
                                        
  27    
Chen Daoliang
    2,275,897       0.09 %     355,407       1,920,490       0.07 %
       
 
                                        
  28    
Shao Guangjie
    2,224,069       0.09 %     347,314       1,876,755       0.07 %
       
 
                                        
  29    
Yu Guanghui
    2,076,808       0.08 %     324,317       1,752,491       0.07 %
       
 
                                        
  30    
Hu Lixian
    1,993,111       0.08 %     311,247       1,681,864       0.07 %
       
 
                                        
  31    
Zhang Shanshui
    1,846,337       0.07 %     288,327       1,558,010       0.06 %
       
 
                                        
  32    
Zhang Jie
    1,826,778       0.07 %     285,272       1,541,506       0.06 %
       
 
                                        
  33    
Luo Qiulin
    1,755,117       0.07 %     274,082       1,481,035       0.06 %
       
 
                                        
  34    
Zhang Yunlong
    1,749,508       0.07 %     273,206       1,476,302       0.06 %
       
 
                                        
  35    
Shi Biguang
    1,690,679       0.07 %     264,019       1,426,660       0.06 %

 

 

                                                 
                            Amount of    
                            shares    
            Before Implementation of   executing   After Implementation of
            Consideration Arrangement   consideration   Consideration Arrangement
        Name of Shareholder           Percentage in   arrangement           Percentage in
        Implementing Consideration   Shares held   total capital   this time   Shares held   total capital
No.   Arrangement   (shares)   stock (%)   (shares)   (shares)   stock (%)
  36    
Huang Wanquan
    1,650,655       0.06 %     257,769       1,392,886       0.05 %
       
 
                                        
  37    
Cao Li
    1,611,527       0.06 %     251,658       1,359,869       0.05 %
       
 
                                        
  38    
Zhang Fumin
    1,568,880       0.06 %     244,999       1,323,881       0.05 %
       
 
                                        
  39    
Shen Dawei
    1,545,926       0.06 %     241,414       1,304,512       0.05 %
       
 
                                        
  40    
Rong Qin
    1,541,733       0.06 %     240,759       1,300,974       0.05 %
       
 
                                        
  41    
Zeng Yanling
    1,273,965       0.05 %     198,944       1,075,021       0.04 %
       
 
                                        
  42    
Huang Wei
    1,262,660       0.05 %     197,179       1,065,481       0.04 %
       
 
                                        
  43    
Chen Aijuan
    1,241,731       0.05 %     193,911       1,047,820       0.04 %
       
 
                                        
  44    
Chen Beihuang
    1,185,961       0.05 %     185,201       1,000,760       0.04 %
       
 
                                        
  45    
Chan Aiqiu
    1,168,607       0.05 %     182,491       986,116       0.04 %
       
 
                                        
  46    
Tang Lin
    1,168,607       0.05 %     182,491       986,116       0.04 %
       
 
                                        
  47    
Li Yimin
    1,088,288       0.04 %     169,949       918,339       0.04 %
       
 
                                        
  48    
Yi Chunyu
    1,086,828       0.04 %     169,721       917,107       0.04 %
       
 
                                        
  49    
Bo Lianming
    1,022,935       0.04 %     159,743       863,192       0.03 %
       
 
                                        
  50    
Yu Engjun
    700,989       0.03 %     109,467       591,522       0.02 %
       
 
                                        
 
       
Total
    1,591,935,200       61.55 %     248,598,986       1,343,336,214       51.94 %
 
     5. Schedule for shares with sale-limited conditions listable for trading
     On the first trading date (G Date) after the implementation of stock-trading reform program, our company agrees that those non-tradable shares held by shareholders of the company’s non-tradable shares executing consideration arrangement will acquire the rights for trading on the market.
                                         
                    Percentage        
                    in total   Time to get   Committed
            Shares held   capital   listed for   sale-limited
No.   Name of Shareholder   (shares)   stock (%)   trading   conditions
       
 
     129,316,557       5.00 %     G+12          
  1    
Huizhou City Investment Holdings
     129,316,557       5.00 %     G+24          
       
Limited
     162,471,583       11.28 %     G+36          
 
  2    
Labor Union Working Committee
     129,316,557       5.00 %     G+12          
       
under TCL Corporation
     69,338,624       2.68 %     G+24          
 
  3    
Nam Tai Electronics (Shenzhen) Limited
     80,600,173       3.12 %     G+12          

 

 

                                     
                Percentage        
                in total   Time to get   Committed
        Shares held   capital   listed for   sale-limited
No.   Name of Shareholder   (shares)   stock (%)   trading   conditions
 4  
PHILIPS ELECTRONICS CHINA B.V.
     53,733,449       2.08 %     G+12          
   
 
                                
 5  
LUCKY CONCEPT LIMITED
     40,300,086       1.56 %     G+12          
   
 
                                
 6  
REGAL TRINITY LIMITED
     40,300,086       1.56 %     G+12          
   
 
                                
 7  
Toshiba Corporation
     26,866,723       1.04 %     G+12          
   
 
                                
 8  
Sumitomo Corporation
     5,104,677       0.20 %     G+12          
   
 
                                
 9  
Li Dongsheng
     121,953,000       4.72 %     G+12          
   
 
                                
10  
Yuan Xincheng
     20,920,045       0.81 %     G+12          
   
 
                                
11  
Zheng Chuanlie
     19,888,987       0.77 %     G+12          
   
 
                                
12  
Lu Zhongli
     19,888,987       0.77 %     G+12          
   
 
                                
13  
Wu Ke
     16,865,819       0.65 %     G+12          
   
 
                                
14  
Hu Qiusheng
     16,043,807       0.62 %     G+12          
   
 
                                
15  
Gao Xiaoxian
     13,911,182       0.54 %     G+12          
   
 
                                
16  
Li Jiansheng
     13,076,938       0.51 %     G+12          
   
 
                                
17  
Wen Shanglin
     12,718,502       0.49 %     G+12          
   
 
                                
18  
Zhang Jianwu
     12,718,502       0.49 %     G+12          
   
 
                                
19  
Wu Shihong
     8,509,849       0.33 %     G+12          
   
 
                                
20  
Yang Li
     8,405,528       0.32 %     G+12          
   
 
                                
21  
Yu Yaoming
     8,295,113       0.32 %     G+12          
   
 
                                
22  
Huang Pingchu
     6,624,728       0.26 %     G+12          
   
 
                                
23  
Yang Weiqiang
     6,386,777       0.25 %     G+12          
   
 
                                
24  
Zhao Zhongyao
     5,429,283       0.21 %     G+12          
   
 
                                
25  
Wen Mingjian
     2,796,324       0.11 %     G+12          
   
 
                                
26  
Shi Wanwen
     2,072,505       0.08 %     G+12          
   
 
                                
27  
Chen Daoliang
     1,920,490       0.07 %     G+12          
   
 
                                
28  
Shao Guangjie
     1,876,755       0.07 %     G+12          
   
 
                                
29  
Yu Guanghui
     1,752,491       0.07 %     G+12          
   
 
                                
30  
Hu Lixian
     1,681,864       0.07 %     G+12          
   
 
                                
31  
Zhang Shanshui
     1,558,010       0.06 %     G+12          
   
 
                                
32  
Zhang Jie
     1,541,506       0.06 %     G+12          
   
 
                                
33  
Luo Qiulin
     1,481,035       0.06 %     G+12          

 

 

                                     
                Percentage        
                in total   Time to get   Committed
        Shares held   capital   listed for   sale-limited
No.   Name of Shareholder   (shares)   stock (%)   trading   conditions
34  
Zhang Yunlong
     1,476,302       0.06 %     G+12          
   
 
                                
35  
Shi Biguang
     1,426,660       0.06 %     G+12          
   
 
                                
36  
Huang Wanquan
     1,392,886       0.05 %     G+12          
   
 
                                
37  
Cao Li
     1,359,869       0.05 %     G+12          
   
 
                                
38  
Zhang Fumin
     1,323,881       0.05 %     G+12          
   
 
                                
39  
Shen Dawei
     1,304,512       0.05 %     G+12          
   
 
                                
40  
Rong Qin
     1,300,974       0.05 %     G+12          
   
 
                                
41  
Zeng Yanling
     1,075,021       0.04 %     G+12          
   
 
                                
42  
Huang Wei
     1,065,481       0.04 %     G+12          
   
 
                                
43  
Chen Aijuan
     1,047,820       0.04 %     G+12          
   
 
                                
44  
Chen Beihuang
     1,000,760       0.04 %     G+12          
   
 
                                
45  
Chan Aiqiu
     986,116       0.04 %     G+12          
   
 
                                
46  
Tang Lin
     986,116       0.04 %     G+12          
   
 
                                
47  
Li Yimin
     918,339       0.04 %     G+12          
   
 
                                
48  
Yi Chunyu
     917,107       0.04 %     G+12          
   
 
                                
49  
Bo Lianming
     863,192       0.03 %     G+12          
   
 
                                
50  
Yu Engjun
     591,522       0.02 %     G+12          
     Note 1: In accordance with Measures for the Administration of the Share-trading Reform of Listed Companies, Huizhou City Investment Holdings Limited will not go onto the market for trading or transfer within 12 months since the acquisition of trading rights; upon the expiration of abovementioned sale-prohibiting term, it can sell originally non-tradable shares through the listing trades on the stock exchange, provided that the amount of shares occupies the total shares of TCL Corporation doesn’t exceed 5% in 12 months and 10% in 24 months. At the same time, non-tradable shares held by () shareholders of non-tradable shares failing to clearly express approval on the share reform have been prepaid so as to obtain () shares of consideration arrangement required to be implemented for listing and trading rights. Therefore, if shares held by the abovementioned shareholders of non-tradable shares get listed for trading, the advance money prepaid by Huizhou City Investment Holdings Limited should be refunded or the approval from Huizhou City Investment Holdings Limited should be got.
     Note 2: In accordance with Measures for the Administration of the Share-trading Reform of Listed Companies, Labor Union Working Committee under TCL Corporation promised that it will not go onto the market for trading or transfer within 12 months since the acquisition of trading rights; upon the expiration of abovementioned sale-prohibiting term, it can sell originally non-tradable shares through the listing trades on the stock exchange, provided that the amount of shares occupies the total

 

 

shares of TCL Corporation doesn’t exceed 5% in 12 months and 10% in 24 months.
     Note 3: In accordance with Measures for the Administration of the Share-trading Reform of Listed Companies, () shareholders of non-tradable shares implementing consideration arrangement will not go onto the market for trading or transfer within 12 months since the acquisition of trading rights.
     Note 4: The shareholders failing to clearly express the consent to participate in this stock reform currently cannot determine the salable or transferable time, which will be determined by Huizhou City Investment Holdings Limited through consultations with all above-mentioned shareholders.
     Note 5: If the above-mentioned natural person shareholder is the corporate director, supervisor or senior manager, the corporate shared held by him shall be locked as per stipulations set forth in Article 3.17 of the currently effective Rules on Stock Listing in Shenzhen Stock Exchange, until the term of share sales determined by the table above expires or after 6 months when he has left the post.
     6. Stock composition after Share-trading reform.
                                         
Before the Reform     After the Reform
            Percentage                 Percentage
    Amount of   in total         Amount of   in total
    shares   capital         shares   capital
    (shares)   stock         (shares)   stock
I. Subtotal for unlisted shares
    1,591,935,200       61.55 %     1. Total of tradable shares with limitation on sales     1,343,336,214       51.94 %
 
                                      
State-owned Shares
    652,282,698       25.22 %     Country Shares     550,421,255       21.28 %
 
                                      
Miscellaneous
    235,418,484       9.10 %           198,655,181       7.68 %
 
                                      
Domestic legal person shares
    95,516,112       3.69 %           80,600,173       3.12 %
 
                                      
Foreign legal person shares
    197,081,577       7.62 %     Foreign legal person shares     194,460,093       7.52 %
 
                                      
Natural person shares
    411,636,329       15.92 %     Natural person shares     410,958,476       15.89 %
 
                                      
II. Subtotal for tradable shares
    994,395,944       38.45 %     2. Total of tradable shares without limitation on sales     1,242,994,930       48.06 %
 
                                      
A shares
    994,395,944       38.45 %     A shares     1,242,994,930       48.06 %
 
                                      
B shares
                    B shares                
 
                                      
H shares and other
                    H shares and other                
 
                                      
III. Total shares
    2,586,331,144       100.00 %     3. Total shares     2,586,331,144       100.00 %
 
                                      
Remarks: