Bags / Shoes & Accessories

On the evening of June 27, an announcement was issued on Saturday saying that in order to further promote the company's business strategy and finally realize the transformation to a "light" asset operation model focusing on brand management and supply chain management, the company plans to list on the Guangdong Equity Exchange Center Co., Ltd. Way to transfer 100% equity of subsidiary Saturday Shoes.

According to the announcement, the transfer reserve price for the first listing is based on the appraisal value of shareholders' equity corresponding to the 100% equity of Saturday Shoes held by the company of 602 million yuan, and the corresponding transfer payment period does not exceed 12 months.

If the first listing and transfer fails to solicit qualified intended transferees or fails to complete the transaction, the above-mentioned equity will be listed for the second time at a base price of not less than 80% of the base price of the first listing and transfer, and the corresponding transfer payment period not more than 12 months.

If the second listing transfer has not been able to solicit qualified intended transferees or fails to complete the transaction, the above-mentioned equity can continue to be transferred on the basis of not lower than the reserve price of the second listing, and the final transaction method will be as follows: The situation shall prevail at that time.

Said on Saturday that the listing and transfer matter has been reviewed and approved at the fifth meeting of the fifth board of directors of the company held on June 27, 2022. This transaction does not constitute a major asset reorganization, because the counterparty of the transaction accepted the transfer with the intention of the final public solicitation. The party shall prevail, and it is currently impossible to determine whether it constitutes an affiliated transaction.

The net loss on Saturday in 2021 will reach 700 million yuan, which is the largest loss since the company went public. Said on Saturday that due to the impact of the epidemic, the overall consumer demand was weak, especially the impact on offline commercial sales, which had a great impact on the digestion of the company's footwear inventory. In addition, the additional costs caused by business transformation led to the entire footwear business. operating at a loss every year.

In the tide of the times, some brands fell on their backs and were forced to rush to the left and right; some brands are still going all out in the domestic footwear market, trying to find a new way to survive.

This time, Saturday is no longer in love. Ditched the footwear business entirely and turned to an unfamiliar, cutting-edge field.