Chairman Is Sorry for – 100 Yuan a Share’ Comment: Leshi Filing

Leshi Internet Information & Technology Corp. said in a filing on Thursday that its chairman was sorry for saying the company should be valued at 100 yuan per share. The remarks by Jia Yueting were intended to show the company is committed to achieving rapid growth, an appeal to investor Sunac China Holdings Ltd. to work together on the company’s development and an effort to boost investor confidence, Leshi said in the filing.