Jiahua Energy (600273): Controlling Shareholder'S Lifting Of Pledge 76 Million Shares

Jiaxing energy (600273) announced that the company received the notice of the Limited by Share Ltd of the Zhejiang Jiahua group (hereinafter referred to as "Jiahua group") in June 17, 2019. The group will pledge to the Tibet Trust Co., Ltd. (hereinafter referred to as the "Tibet trust") the 76 million shares of the tradable conditional shares have been registered at the China Securities Depository and Clearing Co., Ltd. Shanghai branch.

As of this announcement, jiatihua group directly owns 602 million shares of the company (583 million of which are tradable shares with unlimited sale conditions, including the 125 million shares of tradable shares issued by the Jiahua group due to non-public issuance of exchangeable corporate bonds, which will be spanferred to guarantee and trust accounts, and the remaining 18 million 997 thousand and 900 shares are tradable shares with limited sales conditions. The term of sale is from the date of registration of new shares to the expiration of 36 months), accounting for 42.04% of the total share capital of the company.