The 12 Million Pledged Shares Are Held By China'S Export And Import Bank Of China, Zhejiang Branch.

The holding group has accumulated 38 million 500 thousand shares of the pledge company, accounting for 92.78% of its total shares.

In addition, the announcement shows that the company holds 41 million 495 thousand and 355 shares of the company, accounting for 42.68% of the total number of shares.

Link: part of the announcement

First, the specific circumstances of this pledge.

1. The company will pledge 12 million shares of the company's shares to the Zhejiang branch of the Export Import Bank of China.

Guarantee, and in September 26, 2016, the China Securities Depository and Clearing Co., Ltd. Shanghai branch handled the pledge registration process.

The duration of the equity pledge has been limited to 24 months from the date of pledge registration in September 26, 2016 to the company's lifting of the pledge to the Shanghai branch of China Securities Depository and Clearing Co., Ltd.

2, the company currently holds 41 million 495 thousand and 355 shares of the company, accounting for 42.68% of the total shares of the company.

As of the announcement date, the company has accumulated pledged (

9 million shares of trading shares) 38 million 500 thousand shares of the company, accounting for 92.78% of its total shares.

Two, related risk warning and liquidation risk mitigation

The company pledged 9 million shares of its company to Guotai Junan (17.690, 0.14,0.80%) securities Limited by Share Ltd in August 5, 2016 (see August 9, 2016's announcement on the Shanghai Securities News and Shanghai stock exchange website), and the buyback date is March 3, 2017.

At present, the company has accumulated 38 million 500 thousand shares of its non tradable shares, which account for 92.78% of the total shares of the company, accounting for 39.60% of the total shares of the company.

1, capital reimbursement arrangements.

The company will hold 12 million shares of the company's non tradable shares to carry out the pledge of shares. The purpose is financing loan guarantee. The pledge will expire, and the company's own funds will be repaid and the pledge will be lifted.

2. The stock pledge has been liquidated and the risk settlement measures have been arranged.

At present, the company has accumulated 38 million 500 thousand shares of the company's pledge, and the remaining 2 million 995 thousand and 355 shares are in a state of no pledge.

First, the company's credit standing is good and has the ability to repay funds; two, additional pledge shares or early repayment.

3, the stock pledge will not lead to changes in the actual control of the company.