Hua Sheng Shares (600156): Agreement With Hgako To Sign Shares And Purchase Assets Agreement

Hunan Huasheng Limited by Share Ltd signed the issue with Harbin high tech (Group) Limited by Share Ltd.

Progress announcement on agreement on share purchase assets

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

In December 31, 2019, the company disclosed the announcement on the purchase of supplementary assets agreement with the Harbin hi tech (Group) Limited by Share Ltd for issuing shares. (pro 2019-030), the twenty-third session of the seventh board of directors of the company adopted the "motion on the purchase of supplementary assets agreement with Harbin high tech (Group) Limited by Share Ltd". The Limited by Share Ltd (hereinafter referred to as "hakako") purchased the Limited by Share Ltd shares of Xiangcai securities held by the company in the form of shares, the transaction consideration price was 104935546.87 yuan, the number of shares paid for consideration was 21861572 shares (Hussein Ha Gauk implemented the 2019 profit distribution plan, and the number of shares was adjusted to 21902639 shares accordingly).

As of June 9, 2020, the above shares have been registered in China Securities Depository and Clearing Co., Ltd., the transaction has been completed.

Notice hereby.

Hunan Huasheng Limited by Share Ltd board of directors

June 13, 2020