Jiahua Energy (600273): Controlling Shareholder's Equity Pledge Repurchase Transactions

Zhejiang Jiaxing energy chemical Limited by Share Ltd announcements on controlling shareholders' equity pledge repurchase transactions

Zhejiang Jiaxing energy chemical Limited by Share Ltd (hereinafter referred to as "company" or "Jiahua energy") received the notice from the Zhejiang Jiahua group Limited by Share Ltd (hereinafter referred to as "Jiahua group") of the controlling shareholder of the company in August 27, 2019. In August 26, 2019, Jia Hua Group mortgaged 52000000 tradable shares of its company to CITIC Securities Limited by Share Ltd (hereinafter referred to as CITIC Securities) for equity pledge repo business. The specific circumstances are as follows:

Share pledge of listed companies

(1) specific circumstances of pledge of shares

Pledgor: Jiahua group

Pledgee: CITIC Securities

Time: the initial transaction date of the business is August 26, 2019, and the agreed repo transaction date is August 26, 2020.

Pledged Shares: pledged shares are 52000000 shares of tradable shares under unlimited sale conditions, accounting for 8.63% of the total shares of the group, accounting for 3.63% of the total share capital of the company.

As of the announcement date, jiatihua group directly owns 602389604 shares of the company, of which 583391692 shares are tradable shares under unlimited sale conditions, including Jiaxing group's exchange of corporate bonds due to non-public offering.

The 135000000 shares of tradable shares under the guarantee trust account are tradable shares, and the remaining 18997912 shares are tradable shares with limited sales conditions. The period 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. Jia Hua group, the actual controller Mr. Guan Jianzhong and her co operation man Han Jianhong altogether hold 628765103 shares of the company, accounting for 43.89% of the total share capital of the company. As of the date of this announcement, the total number of shares held by the company in the pledge / guarantee state is 327000000 shares, accounting for 54.28% of the total number of shares held by the company, accounting for the total share capital of the company.

22.82%. The actual controller of the company, Mr. Guan Jianzhong and her co operative man, Ms. Han Jianhong, altogether hold 26375499 shares of the company. There is no pledge or guarantee.

(two) pledge of controlling shareholders

1, the purpose of share pledge.

Jiaxing group's own financing needs, repay debt.

2. Capital reimbursement capability and related arrangements

Jia Hua Group has a good credit standing, and its repayment sources include its own funds, stock dividends and so on. Jiaxing group has a reliable ability to repay funds, and the resulting risk of pledge is within the controllable range.

3, possible risks and Countermeasures

If the Jiaxi group has already put forward the early warning risk of the company's shares, Jiaxing group will take some positive measures to deal with the risk of the pledge in advance, so as to reduce the risk of pledge, or increase the amount of stock pledge to reduce the risk of pledge.

Notice hereby.

Zhejiang Jiaxi energy chemical Limited by Share Ltd board August 28th two 19