The Management Board of TOYA S.A (hereinafter referred to as: the “Company”) in conjunction with the current report no. 30/2019 of 27 November 2019, informs that on 10 December 2019 it became familiar with information on entering on 5 December 2019 the subsidiary under Chinese law under the business name of YATO TOOLS (JIAXING) CO., LTD. with its registered office in Baibu Town in the Zhejiang Province in the People’s Republic of China, in the Chinese Register of Entrepreneurs (hereinafter referred to as: the “Subsidiary”), in the share capital of which the Company holds 100% of shares of the total value of USD 8,000,000.00 (say: eight million United States dollars). The registration capital of Subsidiary shall be paid up by the Company no later than two years from its registration. In accordance with the intention of the Issuer, the Subsidiary shall be entitled, inter alia, to acquire the legal title to the land property in the area of economic zone in Baibu Town in Zhejiang Province in the People’s Republic of China and to build the warehouse. The commercial activity shall be the core nature of business of the Subsidiary.
Legal basis:
Legal basis: Art. 17 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ L of 2014 no. 173, page 1, as amended).
Grzegorz Pinkosz
President of the Management Board