Lugang Culture (601599): Miao Jinyi Entrusts The Actual Controller Qian Wenlong To Exercise The Voting Rights Of 5.3207% Shares

On April 16, Lugang culture (601599. SH) announced that Huaibei Central Lake belt construction investment and Development Co., Ltd. and Anhui Hi tech investment new material industry fund partnership (limited partnership) with state-owned assets background are proposed to be introduced into the non-public offering of the company. After the issuance, their shareholding ratios are 10.85% and 8.47% respectively, and they become the first listed company respectively The largest shareholder and the third largest shareholder (there is no concerted action relationship between the two strategic investors).

In view of the fact that the two proposed new shareholders do not actually control the daily business decisions of the listed company except for exercising their voting rights and Nominating and appointing directors. In order to ensure the stability and continuity of the actual control right and decision-making of the listed company, Miao Jinyi signed the voting power entrustment agreement with Qian Wenlong, the actual controller of the listed company, on April 14, 2020, and entrusted Qian Wenlong to exercise Miao Jinyi holds 5.3207% of the shares of Lugang culture.

During the period when the above voting power entrustment came into effect, Qian Wenlong controlled 18.6421% of the voting rights of listed companies (including the shares entrusted by Miao Jinyi), and still had an important influence on the decisions of the board of directors and the general meeting of shareholders on the major issues of the listed company. The listed company was still controlled by Qian Wenlong through the first largest voting right, and the actual control right of the listed company was not brought in by two strategic investors And change.

Before the equity change, Qian Wenlong, the information disclosure obligor, held 119 million shares of the listed company, accounting for 13.3214% of the total share capital of the listed company. After the equity change, Qian Wenlong holds 119 million shares of the listed company, accounting for 13.3214% of the total share capital of the listed company; Qian Wenlong has 166 million shares with voting rights, accounting for 18.6421% of the total share capital of the listed company. Qian Wenlong is still the largest shareholder and actual controller of listed companies.