Changshan North Ming (000158): North Ming Holding Pledge 60 Million 940 Thousand Shares

On May 15th, Shijiazhuang Changshan North Ming Polytron Technologies Inc (Stock Code: 000158) shareholders, Beijing North Ming Weiye Holding Co., Ltd., to Pacific Securities Limited by Share Ltd pledge shares 60 million 941 thousand and 600 shares, for postponed repurchase.

The 60 million 941 thousand and 600 shares of the pledge are 23.42% of the shares held by the company.

The pledge period is from May 15, 2019 to November 15, 2019.

As of the announcement day, the total shares held by North Ming holding company amounted to 260 million shares, accounting for 15.74% of the total share capital of the company. Among them, the number of shares repurchased by the pledge was 60 million 941 thousand and 600 shares, accounting for 23.42% of the shares held by the company, accounting for 3.69% of the total share capital of the company, and the shares held by the company were 155 million shares, representing 59.49% of the total number of shares held by the company, accounting for 9.36% of the total share capital of the company.

Shareholders of the company's North Ming holdings have no risk of liquidation.

If the company's shareholders' future equity changes reach the relevant provisions of the securities law of the People's Republic of China and the measures for the acquisition of listed companies, the company will strictly abide by the relevant provisions of the disclosure of rights and interests and fulfill the obligation of information disclosure in a timely manner.

The company's annual report 2018 shows that in 2018, the net profit attributable to shareholders of listed companies was 186 million yuan, down 47.63% from the same period last year.

According to statistics, Toshiyama Kitaaki business mainly involves textile plates and software blocks.

The textile business includes production and sale of pure cotton yarn, cloth and polyester cotton yarn, cloth, import and export business of self produced products and technology, and wholesale and retail of cotton.

The company purchases raw materials, organizes production and sells directly according to the order needs; software and information technology services include software development, software services, intelligent installation engineering services, technology import and export, communication equipment retail, computer application electronic equipment manufacturing, environmental technology development services, environmental technology consulting, exchange services, environmental technology pfer services, communication system equipment manufacturing, information system integration services and so on.