February 26 News, LeTV released the "notice of restricted shares listed on the circular," said the lifting of the number of restricted shares of 20,534,324 shares, accounting for 0.51% of total share capital; the actual tradable shares of 20,534,324 shares, Accounting for 0.51% of the total share capital of the company. At the same time, LeTV said the listing date of restricted shares for the February 28, 2018.
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LeTV said March 7, 2014, approved by the China Securities Regulatory Commission (hereinafter referred to as "SFC") on the approval of LeTV Network Information Technology (Beijing) Co., Ltd. issued shares to buy assets and raise matching funds approved (Zheng Jian Xu Ke  No. 258), the Company purchased 99.5% equity of LeTV New Media Culture (Tianjin) Co., Ltd. (hereinafter referred to as "LeTV New Media") through the issue of shares. On April 11, 2014, LeTV handled the equity registration procedures for the shares issued by LeTV Holdings and Hongtu Capital in Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. China Securities Depository and Clearing Corporation Limited Shenzhen Branch in 2014 4 On January 11, the Company issued Confirmation of Share Registration Application Acceptance and Register of Securities Holders. The Company completed the registration formalities for the newly increased shares of 10,094,690 shares, of which 10,094,690 new shares were non-publicly issued in the nature of restricted circulating shares, with the listing date of May 14, 2014.
On May 13, 2015, the Company implemented the 2014 Equity Distribution Plan, distributing cash dividend of RMB 0.46 (tax included) for every 10 shares to all shareholders and 12 shares for every 10 shares to all shareholders in the capital reserve. After the distribution of equity, the controlling shareholder of Lottery and Red Soil Venture Trading Co., Ltd. restricted the trading of tradable shares to 22,208,318 shares. On August 21, 2017, the Company implemented the 2016 Equity Distribution Plan, distributing cash bonus of RMB 0.28 for every 10 shares to all shareholders and 10 shares for every 10 shares from the capital reserve to all shareholders. After the distribution of equity, the controlling shareholder of Lottery and Red Soil Venture Trading Co., Ltd. adjusted the trading restricted shares to 44,416,636 shares.
The announcement said that as of the date of this announcement, the company's total share capital of 3,989,440,192 shares, total restricted shares outstanding 967,196,904 shares, accounting for 24.24% of the total share capital of the company, unlimited sales of circulation 3,022,243,288 shares, accounting for 75.76% of the total share capital. The lifting of the sale of shares for the number of 20,534,324 shares, accounting for 0.51% of the total share capital.
LeTV said that this application to lift the restricted shares of shareholders does not exist non-operating funds occupied by the company's situation, the company has not provided any non-compliance guaranty. In addition, the lifting of the restricted shares listed on the date of circulation February 28, 2018.