Announcement on the Completion of Passive Reduction of Shareholders' Shares of the Company
Time:2021-05-21
Classification： Company Announcement
Shouhang Hi-Tech Energy Technology Co., Ltd. (hereinafter referred to as "the Company" or "Shouhang Hi-Tech") received a notice from its shareholder Mr. Huang Qingle today. It was learned that Mr. Huang Qingle holds 24 million shares of the company and was applied by CITIC Jiantou Securities Co., Ltd. (hereinafter referred to as "CITIC Jiantou") on April 20, 2021 at the Jingdong Online Judicial Auction Platform of Beijing Second Intermediate People's Court (website: http://sifa.jd.com/) to conduct an auction transaction (see the "Notice on the Judicial Auction and Passive Reduction of Some Shares of Shareholders" disclosed on April 23, 2021). The above-mentioned judicial auction shares were recently transferred to the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd., and the auction shares were transferred to the bidder. The details of the passive reduction of some of the shares of the Company held by Mr. Huang Qingle are as follows:
I. Passive reduction of the Company's shares held by shareholders
Mr. Huang Qingle pledged 24,000,000 shares of the company to CITIC Construction Investment Securities Co., Ltd. due to the default of the pledge repurchase, some of the pledged shares were subject to judicial auction for default disposal by CITIC Construction Investment, completing the passive reduction. The number of shares passively reduced by Mr. Huang Qingle was 24,000,000 shares, accounting for 0.95 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 (%) |
| Huang Qingle | judicial auction | 6 May 2021-18 May 2021 | 2.12 | 24,000,000 | 0.95% |
II. Shareholdings before and after passive reduction
Prior to this passive reduction, Mr. Huang Qingle held 75,431,430 shares of the company, accounting for 2.97 of the total share capital of the listed company. After this passive reduction, Mr. Huang Qingle holds 51,431,430 shares of the company, accounting for 2.03 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 of total equity | Number of shares (shares) | Proportion of total equity | ||
| Huang Qingle | Total shares held | 75,431,430 | 2.97% | 51,431,430 | 2.03% |
| Of which: unlimited conditional shares | 14,332,356 | 0.56% | 11,460,000 | 0.45% | |
| Limited Conditions of Sale Shares | 61,099,074 | 2.41% | 39,971,430 | 1.57% | |
III. Implementation of relevant commitments by shareholders
Mr. Huang Qingle'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.
IV. Other information and risk tips
1, Mr. Huang Qingle this reduction is a passive reduction, for the stock pledge after the expiration of the failure to timely fulfill the due repurchase obligations caused by the judicial auction passive reduction.
2. After this passive reduction, Mr. Huang Qingle, a shareholder of the company, holds 51,431,430 shares of the company, with a shareholding ratio of 2.03. After this passive reduction, the company's shareholders Jingjin Rongchuang Bellows (Tianjin) Co., Ltd. and the concerted actors Mr. Huang Wenjia and Mr. Huang Qingle hold a total of 288,778,430 shares of the company, accounting for 11.37 of the company's total share capital.
3. The passive reduction of the Company's shares in this judicial auction will not have an impact on the Company's governance structure and continuing operations, nor will it lead to a change in the control of the Company. Investors are advised to pay attention to investment risks.
It is hereby announced.
Shouhang Gaoke Energy Technology Co., Ltd.
Board of Directors
May 20, 2021
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
