Announcement on the progress of more than half of the time for shareholders to passively reduce their shares.
Time:2020-10-24
Classification： Company Announcement
Shouhang High-tech Energy Technology Co., Ltd. (hereinafter referred to as the "Company" or "Shouhang High-tech") disclosed the "Pre-disclosure Announcement on the Passive Reduction of Shareholdings by Shareholders" on July 16, 2020. The shares pledged to Wu Shiming through the custody unit of China Securities Co., Ltd. will be disposed of through the custody unit of China Securities Co., Ltd. due to overdue default. The proposed default disposal will result in Mr. Huang Qingle's passive reduction of the company's shares by no more than 21,290,000 shares, accounting for 0.8386 of the company's total share capital.
The Company received the "Notification Letter on the Progress of Passive Reduction of Shares" issued by Mr. Huang Qingle on October 23, 2020, and as of now, the above-mentioned plan for Mr. Huang Qingle's passive reduction has been more than halfway through the time, and the passive reduction plan has not yet been implemented. In accordance with the "Several Provisions on Shareholding Reduction of Shareholders, Directors, Supervisors, and Senior Executers of Listed Companies" (China Securities Regulatory Commission Announcement [2017] No. 9) and the "Implementation Rules for Shareholding Reduction of Shareholders, Directors, Supervisors, and Senior Managers of Listed Companies on the Shenzhen Stock Exchange" According to the requirements of other relevant regulations, the implementation progress of the above-mentioned shareholder share reduction plan is hereby announced as follows:
First, the basic situation of passive reduction of shares.
| Name of Shareholder | Reduction Method | Transaction Period | Average transaction price (RMB/share) | Number of transactions (shares) | Proportion of total equity (%) |
| Huang Qingle | centralized bidding | 2020.7.17-2020.10.22 | 2.49 | 9,468,000 | 0.37 |
II. Shareholding before and after the passive reduction of shares
| Name of Shareholder | Nature of Shares | Shares held prior to this reduction | Shares held after this reduction | ||
| Number of shares (shares) | Proportion of total equity | Number of shares (shares) | Proportion of total equity | ||
| Huang Qingle | Total shares held | 102,755,432 | 4.05% | 93,287,432 | 3.67% |
| Of which: unlimited conditional shares | 25,688,858 | 1.01% | 16,220,858 | 0.63% | |
| Limited Conditions of Sale Shares | 77,066,574 | 3.04% | 77,066,574 | 3.04% | |
III. Other relevant instructions and risk tips
1. As of the date of this announcement, the passive reduction plan has not yet been fully implemented. The company will continue to pay attention to the subsequent implementation of the passive reduction plan and perform its information disclosure obligations in a timely manner in accordance with relevant regulations.
2. Mr. Huang Qingle's passive reduction of the company's shares will not affect the company's governance structure and continuous operation, nor will it lead to a change in the company's control.
Fourth, the reference document 1, "on the progress of passive reduction of shares notice letter."
It is hereby announced.
Shouhang Gaoke Energy Technology Co., Ltd.
Board of Directors
24 October 2020
Contact information
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Email：shgk@sh-ihw.com
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Fax：010-52256633
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Add：Building 20,Block 3,188 South 4th Ring W.Rd,Fengtai,Beijing,China
