Joyou AG, a leading bathroom solution provider in China, announces that the company's major shareholders Mr. Jianshe Cai, Mr. Jilin Cai, Grohe Group and its major shareholders have agreed on a new structure of their shareholdings. Messrs. Cai will exchange their direct and indirect holdings in Joyou AG amounting to approximately 36.5 per-cent (approximately 7.9 per-cent directly and approximately 28.6 per-cent via Joyou Grohe Holding AG) for an important stake in the Grohe Group. In turn, the Grohe Group will increase their total Joyou AG shareholdings to 72.3 per-cent. The parties intend to sign a corresponding new shareholders' agreement and sk lhbgmpds jhv xowzeofiezp wf bpwm qowl.
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