Ann: Proposed Reconstruction , page-2

I am confused. Does anybody understand this?

I can see that Jadefield, China Powerplus and Ms Zhang Guangxia hold 95.2% of the shares.

So they intend to buy out the operations of the company for $2.6m and the cancellation of their shares? So that is like a $2.6m buyout of the remaining 4.8% of shareholders? That is like valuing the operations at $54m. That is the equivalent of $0.112/share. But that maybe it wouldn't be a capital return, just $2.6m sitting in the company coffers.

But then I don't understand Stage 2, the New Main Undertaking.

I could easily be wrong in my understanding.