Mr.Yang the company spokesperson said "We want to use this opportunity to
address our shareholders and followers on the filings which seem to have
caused a bit of misunderstanding. The issuer affirms its intent to remain as
transparent as possible, to allow its followers to understand its intent ahead
of the actual event. According to Chinese security laws, the issuer must seek
State approval which approval is usually not unreasonably withheld. In
addition the issuer's majority shareholders include State owned bonds and
debenture holders. We wish to address our shareholders, and followers and
advise them that although on the surface the filings may appear to contradict
one another, the key point to remember is that the issuer is seeking either or
reliefs, and NOT both. For example, the issuer is seeking to merge with an
OTCBB issuer and also seeking to sell its assets to a
The issuer regrets any confusion this may have caused however it feels that it has a fiduciary duty to its shareholders and followers to explore all the options and available avenues before making any material decision; and only then choose the best route available that will yield all concerned the best possible results in both short term and long term range."
In other corporate updates, the issuer is making provisions to become an
SEC reporting issuer in the unlikely event that both the OTCBB and Xetra
planned transactions, and or its filings not be approved as a secondary back
up plan. Ms. Doi
The common shares of the Company are currently dually listed in the USA Pink Sheets (symbol GLCC.PK) and the Frankfurt Stock Exchange. (Xe:L9X) The issuer is in good standings with Pink Sheets and ranked as a "Current Information" filer with its security.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
CONTACT www.minamargroup.com/helpdesk
SOURCE Good Life China Corporation