Announcement on the completion of the transfer of the passive reduction of the judicial auction of some of the shares of the company's shareholders.
Time:2022-03-19
Classification： Company Announcement
Shouhang High-tech Energy Technology Co., Ltd. (hereinafter referred to as the "Company" or "Shouhang High-tech") received a notice from the shareholder Jingjin Rongchuang Bellows (Tianjin) Co., Ltd. (hereinafter referred to as "Jingjin Rongchuang") today. Jingjin Rongchuang holds 25,700,000 shares of the company, which has been applied by Dongfang Securities Co., Ltd. (hereinafter referred to as "Dongfang Securities"), the auction was completed on February 26, 2022 on the Taobao Judicial Auction Network Platform (www.taobao.com) of the Shanghai Financial Court (see the "Reminder Announcement on the Completion of Judicial Auction and Passive Reduction of Shareholders' Shares" disclosed on March 1, 2022). The above-mentioned judicial auction shares will be transferred to the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. on March 15, 2022, and the auction shares will be transferred to the bidder's name. The specific circumstances are hereby announced as follows:
I. Passive reduction of the Company's shares held by shareholders
Shareholder Jingjin Rongchuang pledged 25,700,000 shares of the company to Oriental Securities, due to the pledge repurchase default, the part of the pledged shares by Oriental Securities for default disposal judicial auction, has now been passively reduced. The number of shares passively reduced by 25,700,000 shares, accounting for 1.01 of the total share capital of the listed company. See the following table for details:
| Name of Shareholder | Reduction Method | Completion of the transaction period | Average transaction price (RMB/share) | Number of transactions (shares) | Proportion of total equity (%) |
| Jingjin Rongchuang | judicial auction | March 15, 2022 | 3.81 | 25,700,000 | 1.01% |
II. Shareholdings before and after passive reduction
Prior to this passive reduction, Jingjin Rongchuang held 25,762,719 shares of the company, accounting for 1.01 of the total share capital of the listed company. After this passive reduction, Jingjin Rongchuang holds 62,719 shares of the company, accounting for 0.00002 of the total share capital of the listed company.
| Name of Shareholder | Nature of Shares | Shares held prior to this reduction | Shares held after this reduction | ||
| Number of shares (shares) | Proportion in total equity (%) | Number of shares (shares) | Proportion in total equity (%) | ||
| Jingjin Rongchuang | Unlimited Conditions of Sale Shares | 25,762,719 | 1.01% | 62,719 | 0.00002% |
III. Implementation of relevant commitments by shareholders
Jingjin Rongchuang's passive reduction does not violate the relevant reduction commitments, and will continue to strictly abide by the relevant provisions of the reduction rules and strictly fulfill the relevant commitments.
4. other information and risk tips
1, Jingjin Rongchuang this passive reduction of some of the company's shares is due to the expiration of the pledge period failed to fulfill the obligation to buy back in time, not its subjective will to reduce the behavior.
2. After this passive reduction, the company's shareholders Jingjin Rongchuang and its concerted actors Mr. Huang Wenjia and Mr. Huang Qingle hold a total of 111,273,410 shares of the company, accounting for 4.38 of the company's total share capital.
3. The passive reduction of shareholders' holdings will lead to a decrease in the shareholding ratio of the controlling shareholders and actual controllers of the company, and there may be unstable control rights. However, based on the provisions of the Articles of Association, the agreement on concerted action and the proportion of the actual controller in the management of the company, the completion of this passive reduction will not lead to a change in the control of the company for the time being, nor will it have a significant impact on the normal production and operation of the company. All information of the company shall be subject to the information published in the designated media. Please the majority of investors to pay attention to investment risk.
It is hereby announced.
Shouhang Gaoke Energy Technology Co., Ltd.
Board of Directors
18 March 2022
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
