Chairman of Yizumi passed away at the age of 57, holding shares will go through inheritance procedures

 On July 19, Yizumi (300415) issued an announcement stating that the company received a notice from the company’s actual controller and chairman Chen Jingcai’s family on July 19, 2022 that Chen Jingcai died of illness on the evening of July 18, 2022.
died at the age of 57
.

According to public information, Guangdong Yizumi Precision Machinery Co.
, Ltd.
(referred to as: Yizumi) was founded in 2002.
The company is headquartered in Shunde, Foshan.
Its main businesses include injection molding machines, die-casting machines, rubber machines, high-speed packaging systems, molds and robots.
The design, research and development, production, sales and service of automation systems are a high-tech enterprise engaged in the research and development, production and sales of special machinery and equipment for "compression molding"
.
On January 23, 2015, Yizumi successfully landed on the A-share market of the Shenzhen Stock Exchange, becoming the first molding equipment manufacturer to be listed on the GEM of the Shenzhen Stock Exchange
.

Chen Jingcai, born in 1965, holds an MBA from Sun Yat-Sen University
.
From November 2008 to May 2011, he served as the chairman of Guangdong Yizumi Precision Machinery Co.
, Ltd.
; since June 2011, he has served as the chairman of the company; he is also a director of the fourth board of directors of Foshan Institute of Science and Technology
.
It is understood that Chen Jingcai is one of the three actual controllers of Yizumi, and the total pre-tax remuneration received from the company in 2021 will reach 1.
4738 million yuan
.

Yizumi's announcement stated that Mr.
Chen Jingcai, with the ideal of serving the country through industry, upholds the belief of making the country strong through science and technology, and devoted his life to the cause of equipment manufacturing
.
Mr.
Chen Jingcai led the company to continuously transform and upgrade, and promoted the company to continue to innovate, laying a solid foundation for the company's leapfrog development
.

The announcement stated that since Mr.
Chen Jingcai served as the chairman of the company, he has devoted himself to the operation and growth of the company, and has made indelible contributions to the development of the company
.
Mr.
Chen Jingcai is conscientious, humble, self-disciplined, and lenient towards others.
He has gathered a group of outstanding backbone talents for the company and created a corporate culture and working atmosphere of unity, struggle, hard work and progress
.
The sustainable development strategy formulated by Mr.
Chen Jingcai for the company will continue to guide the company's future development path
.

In addition, the announcement mentioned that Chen Jingcai directly held 17.
1613 million shares of the company, accounting for 3.
66% of the company's total share capital, and indirectly held 39.
216 million shares of the company through the controlling shareholder Jiazhuo Holding Co.
, Ltd.
, accounting for 8.
36% of the company's total share capital, and the total control 12.
02% of the company's voting rights, as one of the company's actual controllers
.

Yizumi said that the shares of the company held by Chen Jingcai will go through inheritance procedures in accordance with laws and regulations
.
The company will perform the information disclosure obligation of follow-up related matters in accordance with the requirements of relevant laws and regulations
.
At present, members of the company's board of directors, board of supervisors and senior management team perform their duties normally, and the company's business operations are carried out normally
.
All the directors, supervisors, senior management and employees of the company will continue to devote themselves to the sustainable and stable development of the company
.

In addition, another public announcement issued by Yizumi on the 19th mentioned that on July 15th, the company received a notice from the actual controller, Chen Jingcai, that Chen Jingcai released some of the company's shares that he had previously pledged to Zheshang Securities Co.
,
Ltd.

In terms of performance, Yizumi's annual report disclosed on April 22, 2022 shows that the company will achieve a total operating income of 3.
53 billion in 2021, a year-on-year increase of 30%; a net profit attributable to the parent of 520 million, a year-on-year increase of 64.
2%
.

At the close on July 19, Yizumi fell more than 6% to close at 18.
13 yuan per share, with a market value of 8.
506 billion yuan
.