Announcement on the completion of the transfer of the passive reduction of the judicial auction of some shares of shareholders.
Time:2022-09-22
Classification： Company Announcement
Shouhang High-tech Energy Technology Co., Ltd. (hereinafter referred to as "the Company" or "Shouhang High-tech") received a notice from its shareholder Mr. Huang Wenjia today. It was learned that Mr. Huang Wenjia holds 11,992,732 shares of the company. Upon application by CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities"), the Taobao Online Judicial Auction Platform of Beijing No.1 Intermediate People's Court on September 1, 2022 (website: http://sf.taobao. com/010/11) After the auction is completed, the shares sold by the above judicial auction will be transferred to the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited on September 20, 2022, and the shares sold by the auction will be transferred to the bidder. The specific circumstances are hereby announced as follows:
I. Passive reduction of the Company's shares held by shareholders
Mr. Huang Wenjia, a shareholder, pledged 11,992,732 shares of the company held by him to CITIC Securities. Due to the default of pledge repurchase, some of the pledged shares were subject to judicial auction by CITIC Securities for default disposal, and have now completed their passive reduction. The number of shares passively reduced by Mr. Huang Wenjia is 11,992,732, accounting for 0.47 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 Wenjia | judicial auction | 20 September 2022 | 4.06 | 11,992,732 | 0.47% |
II. Shareholdings before and after passive reduction
Prior to this passive reduction, Mr. Huang Wenjia held 29,042,277 shares of the company, accounting for 1.14 of the total share capital of the listed company. After this passive reduction, Mr. Huang Wenjia holds 17,049,545 shares of the company, accounting for 0.67 of the total share capital of the listed company. See the following table for details:
| 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 in total equity (%) | ||
| Total shares held | 29,042,277 | 1.14% | 17,049,545 | 0.67% | |
| Huang Wenjia | Of which: unlimited conditional shares | 0 | 0.00% | 0 | 0.00% |
| Limited Conditions of Sale Shares | 29,042,277 | 1.14% | 17,049,545 | 0.67% | |
Note: If the mantissa of the total number is inconsistent with the sum of the sub-figures, it is caused by rounding.
III. Implementation of relevant commitments by shareholders
Mr. Huang Wenjia'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 Wenjia this passive reduction of some of the company's shares is due to the expiration of the pledge period failed to fulfill the due repurchase obligations caused by, not his subjective will to reduce the behavior.
2. After this passive reduction, the company's shareholders Jingjin Rongchuang Bellows (Tianjin) Co., Ltd. and its concerted actors Mr. Huang Wenjia and Mr. Huang Qingle hold a total of 56,167,698 shares of the company, accounting for 2.21 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
21 September 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
