Jiahua Energy (600273): Controlling Shareholder Pledge 52 Million Shares

Jiaxing energy (600273.SH) announced that in August 27, 2019, the company received a notice from the Limited by Share Ltd of the Jiahua group of Zhejiang, the controlling shareholder of the company (jiayhua group). Jiayhua Group pledged 52 million shares of the company's unlimited sale of conditional shares to Sinotrust securities in August 26, 2019 to handle the stock pledge repo business.

On the day of the announcement, jiatihua group holds about 602 million 390 thousand shares of the company's shares (about 583 million 390 thousand shares are tradable shares under unlimited sale conditions, including the 135 million shares of tradable shares issued by the Jiahua group due to non-public issuance of exchangeable corporate bonds, which will be transferred 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. Jia Hua group, the actual controller Guan Jianzhong and their concerted action Han Jianhong hold about 628 million 770 thousand shares of the company, accounting for 43.89% of the total share capital of the company.

As of the announcement date, the total number of shares held in the company's pledge / guarantee status was 327 million shares, accounting for 54.28% of the total number of shares held by the company, accounting for 22.82% of the total share capital of the company. The company's actual controller Guan Jianzhong and his co operative Han Jianhong have 26 million 375 thousand and 499 shares of the company, and there is no pledge or guarantee.