Announcement of Guangdong Xianglu Tungsten Industry Co., Ltd. on the postponement of the repurchase of part of the shares pledged by shareholders_Qilong_Trade_Close

Original title: Announcement of Guangdong Xianglu Tungsten Industry Co., Ltd. on the extension of the repurchase of part of the shares pledged by shareholders

The company and all members of the board of directors warrant that the content of the announcement is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

Guangdong Xianglu Tungsten Industry Co., Ltd. (hereinafter referred to as the “Company”) recently received a notice from the company’s shareholder Chaozhou Qilong Trading Co., Ltd. (hereinafter referred to as “Qilong Trading”) that Qilong Trading pledged part of its shares to Guodu Securities Co., Ltd. Co., Ltd. (hereinafter referred to as “Guodu Securities”) has undergone the extension of repurchase of 12,066,000 unrestricted tradable shares, and the relevant extension of the repurchase procedure has been completed in China Securities Depository and Clearing Co., Ltd. recently. Details are as follows:

1. Basic information on pledge of shareholders’ shares

1. Basic information on the extended repurchase of the shareholder’s stock pledged repurchase transaction

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Note: The shares repurchased through the pledge extension do not involve performance compensation obligations such as major asset restructuring.

2. The accumulative pledge of shareholders’ shares

1. As of the date of this announcement, the pledged shares held by the above shareholders and persons acting in concert are as follows:

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Note: If there is a difference in the mantissa of the sum of some of the totals in this table and the sum of the individual details, it is due to rounding.

2. Is there any risk of liquidation of the shares pledged by shareholders?

The shares pledged by the company’s actual controller Chen Qifeng and its concerted actors Qilong Trading, Chen Weidong and Chen Weier currently do not have the risk of liquidation, nor will it lead to a change in their actual control. If there is a risk of liquidation, shareholders will take active measures to supplement the pledge.

If the actual controller of the company and its persons acting in concert in the future meet the relevant circumstances stipulated in the Securities Law, the Administrative Measures for the Acquisition of Listed Companies, etc., they will strictly abide by the relevant regulations on disclosure of rights and interests, and perform information disclosure obligations in a timely manner.

3. Other explanations on the pledge of shares

The extension of the share pledge repurchase has nothing to do with the production and operation needs of the listed company. The extension of the repurchase procedure for Qilong Trade this time is based on its own capital needs and does not involve new pledge financing. Qilong Trading has a good credit standing and has the corresponding ability to perform the contract. There is no risk of liquidation of the pledged shares, and it will not have an adverse impact on the company’s operations and corporate governance.

4. Filing documents

1. Details of Securities Pledge and Judicial Freeze of China Securities Depository and Clearing Corporation Limited

Special announcement.

Guangdong Xianglu Tungsten Industry Co., Ltd. Board of Directors

June 16, 2022Return to Sohu, see more

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