Lugang Culture (601599): Shareholders Of The Company Terminate The Transfer Of Equity To Huaibei Construction Investment

Glonghui (601599. SH) announced that on November 22, 2019, Qian Wenlong, the actual controller of the company, and the main shareholders Miao Jinyi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong and Zou Yuping signed a framework agreement on share transfer with Huaibei construction investment, which agreed that the transferors Qian Wenlong, Miao Jinyi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong and Zou Yuping would hold At the same time, Qian Wenlong, Miao Jinyi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong and Zou Yuping respectively held 138 million shares of the remaining listed companies after the completion of the share transfer The voting right of Huaibei Construction Investment Co., Ltd. is exclusive, free and irrevocably entrusted to Huaibei construction investment or its subsidiary companies.

In view of the fact that the two parties of the original equity transfer have not reached an agreement on the preconditions for signing the formal equity transfer agreement, they and Huaibei construction investment signed the agreement on the termination of the framework agreement on share transfer, supplementary agreement and deposit agreement on June 30, 2020, and agreed that the original framework agreement on share transfer, the supplementary agreement of the framework agreement on share transfer and the guarantee The gold agreement is terminated and will not be performed any more.

On July 1, Lugang culture (601599. SH) announced that since Chen Hanhai, the shareholder holding more than 5% of the company's shares, and Soochow securities had already triggered the default provisions of the agreement, the relevant creditors (Soochow securities) planned to reduce part of the Pledged Shares by means of centralized bidding or block trading (adopting centralized bidding trading, and the reduction will be delivered 15 times from the date of the announcement) It will be carried out later).

In case of centralized bidding transaction for the reduction of Pledged Shares, the total number of shares reduced shall not exceed 1% of the total number of shares of the company within any consecutive 90 days; if block trading is adopted, the total number of shares reduced shall not exceed 2% of the total number of shares of the company within any consecutive 90 days.

At present, Chen Hanhai holds 64805478 shares of the company's shares, accounting for 7.26% of the total number of shares of the company. The accumulated Pledged Shares of the company are 64.8 million, accounting for 99.99% of the company's shares and 7.26% of the total shares of the company.