Jiahua Energy (600273): Controlling Shareholder'S Equity Pledge Repurchase Pactions

Zhejiang Jiaxing energy chemical Limited by Share Ltd announcements on controlling shareholders' equity pledge repurchase pactions

Zhejiang Jiaxing energy chemical Limited by Share Ltd (hereinafter referred to as "company" or "Jiahua energy") received the notice from the Zhejiang Jiahua group Limited by Share Ltd (hereinafter referred to as "Jiahua group") of the controlling shareholder of the company in January 31, 2019. Jiayhua Group pledged 80000000 shares of the company's unlimited sale of conditional shares to Shen Wan Hongyuan Securities Co., Ltd. (hereinafter referred to as "Shen Wan Hongyuan") in January 30, 2019 to handle stock pledge repo trading business.

The specific circumstances are as follows:

Share pledge of listed companies

(1) specific circumstances of pledge of shares

Pledgor: Jiahua group

Pledgee: Shen Wan Hongyuan

Time: the initial paction date of the business is January 30, 2019, and the agreed repo paction date is January 16, 2020.

Pledged Shares: pledged shares are 80000000 shares of tradable shares under unlimited sale conditions, accounting for 13.28% of the total shares of the group, accounting for 5.58% of the total share capital of the company.

As of the announcement date, Jiaxing group holds 602389604 shares of the company (583391692 of which are tradable shares with unlimited sale conditions, and 18997912 shares are tradable shares with limited sales conditions.

The period from the date of registration of shares increased to 36 months), accounting for 42.04% of the total shares issued by the company.

Jia Hua group, the actual controller Mr. Guan Jianzhong and her co operation man Han Jianhong altogether hold 628765103 shares of the company, accounting for 43.89% of the total share capital of the company.

At present, the total number of shares held by the Jiahua group directly holding the company's shares is 351783500 shares, accounting for 58.40% of the total shares held by the company, accounting for 24.55% of the total share capital of the company.

The actual controller of the company, Mr. Guan Jianzhong and her co operative woman, Han Jianhong, altogether hold 26375499 shares of the company, and there is no pledge.

(two) pledge of controlling shareholders

1, the purpose of share pledge.

The subsidiaries of Jiaxing group produce and manage turnover and purchase raw materials.

2. Capital reimbursement capability and related arrangements

Jia Hua Group has a good credit standing, and its repayment sources include its own funds, stock dividends and so on.

Jiaxing group has a reliable ability to repay funds, and the resulting risk of pledge is within the controllable range.

3, possible risks and Countermeasures

If the Jiaxi group has already put forward the early warning risk of the company's shares, Jiaxing group will take some positive measures to deal with the risk of the pledge in advance, so as to reduce the risk of pledge, or increase the amount of stock pledge to reduce the risk of pledge.

Notice hereby.

Zhejiang Jiaxing energy chemical Limited by Share Ltd board

February 1st two 19