Hi Ironman01. I suggest anyone here with a sizeable stake in the...

Hi Ironman01.

I suggest anyone here with a sizeable stake in the business should go attend the AGM, let alone just vote no to the name change. The name changed to "EWG Holding Group" is weird in itself... because the explanation given is for "The Company's strategic focus on developing e-commerce and online distribution in additional to current offline distribution model" "E for EASY, W translates Online and G for shopping".. Either way it doesn't make much sense, since their primary business is fitness (soccer) gear company?. When did they become an e-commerce distribution company.
Also, I have a suspicion that the mystery of the "share selling" could be that they put up their shares as collateral for some personal loan into some other venture and then the lender sold it on market on non payment... just speculation, as the AFR identified before that some sources says that that was a way for founders to extract cashflow from their substantial holdings.
Though, you won't be surprised that a lot of chinese companies are like this in the Chinese stock market... just that those investors aint as fussy as Aussie investors in terms of disclosure...
But ATTEND the AGM, and report back to the rest.