Lukang Culture (601599): Termination Of Share Transfer Agreement By Shareholders

Jiangsu Lukang culture Limited by Share Ltd announcement on Shareholder's termination of share transfer agreement

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 July 16, 2019, the Jiangsu Lukang culture Limited by Share Ltd (hereinafter referred to as "the company") received the notice of the actual controller of the company, Qian Wenlong and its main shareholder, Miao Jin Yi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong and Zou Yuping (hereinafter referred to as the transferor). After the negotiation of the transferor, the company decided to terminate the share transfer transaction and rescission of the share transfer agreement and the voting agreement agreement signed with Shenzhen Lijing fusion Holdings Limited (hereinafter referred to as "Lijing fusion"). After the lifting of the agreement on share transfer and the agreement on voting rights, Qian Wenlong and Miao Jin Yi did not form a consistent relationship with the liking.

I. The basic situation of share transfer

In January 31, 2019, the company's actual controller Qian Wenlong and major shareholder Miao Jin Yi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong, Zou Yuping and Lijing fusion signed the "share transfer agreement", Qian Wen long, Miao Jin Yi and Li Jing fusion signed the voting rights agreement. For details, please refer to the "Jiangsu Lukang culture Limited by Share Ltd", which was signed by the company on the Shanghai stock exchange website in February 1, 2019, on the signing of the equity transfer agreement, the voting rights agreement and the prompt notice of the company's actual controller's change (announcement number: 2019-007).

Two. Terminate the transfer of shares.

Shenzhen Lijing fusion Holding Co., Ltd. is actually controlled by the people's Government of the old town of Luoyang, Henan. The transfer of shares must be approved by the state owned assets supervision and Administration Department of Henan Province, but since the signing of the agreement, the transferor has repeatedly urged the integration of Lijing to get the approval document of the Henan state assets supervision and administration department. Therefore, the agreement on transfer of shares and the agreement on voting rights have not been effective. After consultation by the transferor, the company decided to terminate the transaction of share transfer.

1, the transferor Qian Wen long, Miao Jin Yi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong and Zou Yuping have issued a letter of notice on the lifting of the agreement to Lijing fusion, and terminate the transfer agreement and the voting agreement, terminating the transfer of shares.

2, after the lifting of the agreement on transfer of shares and the agreement on voting rights, Qian Wenlong and Miao Jin Yi do not form a concerted action relationship with liking.

Three, the impact on the company

The termination of the stock transfer will not adversely affect the company's performance and production and operation. There will be no damage to the interests of the company and the vast majority of shareholders, nor will it affect the future development plan of the company.

Notice hereby.

Jiangsu Lukang culture Limited by Share Ltd board of directors

July 16, 2019