Jiangsu Sunshine (600220): Controlling Shareholders To Lift Pledge And Pledge 150 Million Shares Again

Jiangsu sunshine (600220.SH) announces that Sun Group, the controlling shareholder of the company, has given the original quality to the 150 million tradable shares of the Jiangyin branch of Industrial Commercial Bank of China Ltd, accounting for 8.41% of the total share capital of the company. In October 23, 2019, it registered the pledge registration procedure at the China Securities Depository and Clearing Co., Ltd. Shanghai branch.

After the lifting of the pledge, Sun Group held 178 million shares of tradable shares, accounting for 9.98% of the total share capital of the company, of which 27 million shares were pledged, accounting for 15.17% of the shares held by the company, accounting for 1.51% of the total share capital of the company.

After the lifting of the pledge, Sun Group and its concerted action Chen Lifen, Yu Qinfen and Sun Ningling jointly held 562 million shares of the company, accounting for 31.52% of the total share capital of the company and 364 million shares of the Pledged Shares, accounting for 64.82% of the total shares held by the company, accounting for 20.43% of the total share capital of the company.

Sun group, which has 150 million shares (8.41% of the total share capital) held by the company, has been pledged to the Jiangyin branch of Industrial Commercial Bank of China Ltd. In October 23, 2019, it registered the relevant pledge registration at the Shanghai branch of China Securities Depository and Clearing Co., Ltd., and the pledge period was five years.

As of the announcement date, Sun Group held 178 million shares of tradable shares, accounting for 9.98% of the total share capital of the company, of which 177 million shares were pledged, accounting for 99.45% of the shares held by the company, accounting for 9.93% of the total share capital of the company.

As of the announcement date, the sunshine group and its concerted action Chen Lifen, Yu Qinfen and Sun Ningling jointly held 562 million shares of the company, accounting for 31.52% of the total share capital of the company and 514 million shares of the Pledged Shares, accounting for 91.50% of the total shares held by the company, accounting for 28.84% of the total shares of the company.