Lugang Culture (601599): Wu Yi, A Shareholder Holding More Than 5% Shares, Passively Reduced 57.55 Million Shares

On December 27, Lugang culture (601599) announced that the company received the "notice" from Guosheng securities. Because Wu Yi, a shareholder holding more than 5% of the company's shares, failed to redeem on schedule, Guosheng securities, according to the requirements of Zhangjiagang people's court to assist in the execution of the notice, plans to dispose of the 57.55 million shares of the company held by Wu Yi, and plans to conduct large-scale transactions To sell 57.55 million shares of the company held by Wu Yi (including 1 million shares sold on October 25, 2020), and the reduction price is determined according to the market price.

Lukang Culture said that the company will actively promote the communication between Guosheng securities and Wu Yi, and strive for Wu Yi to resolve the risk of closing positions by raising funds, adding margin or adding collateral, and returning financing funds in advance. At the same time, the company will urge Wu Yi to fulfill his promise as soon as possible, and take corresponding legal means and measures when necessary to safeguard the interests of listed companies and shareholders.