Lukang Culture (601599): Controlling Shareholders' Lifting Of Pledge And Re Mortgage 48 Million Shares

In March 26th, Qian Wenlong announced that the controlling shareholder of the company, 601599.SH, lifted the original pledge to the 48 million shares of the China Co truction Bank Corp Lukang branch, which had been sold to the Zhangjiagang stock exchange for the lifting of the pledge, and the registration date was March 22, 2019.

In March 25, 2019, Qian Wenlong financing the company's financing of the 48 million tradable shares that he held.

The number of Pledged Shares accounts for about 5.38% of the total shares of the company.

The equity pledge has been registered at the China Securities Depository and Clearing Co., Ltd. Shanghai branch.

As of the date of this announcement, Qian Wenlong held 119 million shares of the company's stock, accounting for 13.32% of the total shares of the company. After the pledge, Qian Wen long accumulated 108 million shares of the company's shares, accounting for 90.81% of the shares held by the company, accounting for 12.10% of the total shares of the company.