After the close of August 23, Blizzard Outdoor disclosed a share transfer announcement. The announcement showed that Feng Xuexue transferred Zhang Xiaofeng’s 14.29% stake in Hangzhou Xinyue Travel Agency Co., Ltd. to Zhang Xiaofeng, and the transfer price was transferred without compensation. Both parties signed an equity transfer agreement on August 22, 2016. After the transaction is completed, the company will no longer hold equity in Hangzhou Xinyin Travel Agency Co., Ltd. Fengshui Outdoor stated that the transaction had been considered and passed at the 8th meeting of the first session of the Board of Directors of the company. According to the relevant provisions of the company's articles of association, this transaction still needs to be submitted to the company's 4th extraordinary shareholders meeting for deliberation. Source: China Network beer glasses,beer glassware,beer glass set,beer glass gift set,beer glass mug with handle Xi'an ATO International Co., Ltd , https://www.ato2008.com
The announcement shows that the counterparty Zhang Xiaofeng has no affiliated relationship with the listed company, the controlling shareholder of the listed company or the actual controller. There is no relationship between property rights, business, assets, creditor's rights and debts, personnel, etc. that may or have caused the listed company to lean against its interests. 