Zhejiang Long Sheng (600352): Part Of The Controlling Shareholder's Share Lifted The Pledge Repurchase Paction.

Zhejiang Longsheng group Limited by Share Ltd's announcement on the lifting of pledge repurchase pactions of some shares of controlling shareholders

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

In April 8, 2019, the company received a notice from Mr. Ruan Weixiang, a member of the controlling shareholder, to lift the pledge repurchase paction of some of its shares held by the company.

In April 4, 2019, Mr. Ruan Weixiang was pledged to sell 85560000 shares of tradable shares of Zhejiang Merchants Securities Company through stock pledge repurchase pactions in April 4, 2019. The specific contents are detailed in the company's announcement on the pledge of shares held by controlling shareholders in August 15, 2018.

The 14000000 shares of the tradable shares were sold in advance and partially repurchased, and the stock lifting procedures were completed. The remaining 71560000 shares of the tradable shares were due to be repurchased on August 13, 2019 for the year of maturity.

The number of shares in this solution accounted for 0.43% of the total share capital of the company.

As of April 8, 2019, Mr. Ruan Weixiang held 346321538 shares of the company, accounting for 10.65% of the total share capital of the company.

After the lifting of the share pledge, Mr. Ruan Weixiang accumulated 71560000 shares of the pledge company, accounting for 20.66% of the shares held by his company, accounting for 2.20% of the total share capital of the company.

The controlling shareholder of the company, Mr. Nguyen Shui long, Mr. Ruan Weixiang and Mr. Xiang Zhifeng, acted as an unanimous person, holding 843386779 shares of the company's shares, accounting for 25.92% of the total share capital of the company, of which the total number of pledged shares was 106460000 shares, accounting for 12.62% of the number of shares held by the controlling shareholders, accounting for 3.27% of the total share capital of the company.

Notice hereby.

Zhejiang Longsheng group Limited by Share Ltd

Board of directors two / 19 April 9th