Jiahua Energy (600273): Controlling Shareholder Pledge 40 Million Shares

Jiaxing energy (600273.SH) announced that in January 9, 2020, the company received the notice from the Limited by Share Ltd of the Jiahua group of Zhejiang, the controlling shareholder of the company. The Jiayu group, in January 8, 2020, pledged 40 million shares of the company's tradable shares with unlimited sale to Shen Wan Hongyuan for stock pledge repo business, accounting for 6.64% of its shares, accounting for 2.79% of the total share capital of the company.

Zhejiang Jiahua energy chemical Limited by Share Ltd controlling shareholder Limited by Share Ltd Jiahua group Limited by Share Ltd directly holds 602 million shares of the company (583 million of which are tradable shares with unlimited sale conditions, including the 135 million shares of tradable 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 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 Guan Jianzhong and their concerted action Han Jianhong hold 629 million 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.