Joyoung Co.Ltd(002242) : Announcement on pledge of some shares of shareholders

Securities code: 002242 securities abbreviation: Joyoung Co.Ltd(002242) Announcement No.: 2022-002

Joyoung Co.Ltd(002242)

Announcement on pledge of some shares of shareholders

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records and misleading

Material statements or material omissions.

Joyoung Co.Ltd(002242) (hereinafter referred to as: the company) recently received the company’s shareholder bilting

According to the notification letter of Developments Limited (hereinafter referred to as bilting), bilting learned that it would

Some of the shares of some companies have gone through the pledge registration procedures in China Securities Depository and Clearing Co., Ltd. specific

The matters are as follows:

1、 Basic information of pledge of shareholders’ shares

1. Basic information of pledge of shareholders’ shares

Yes, yes

Whether it is public accounting no

The first company’s total share of this pledge is the name of the shareholder used for the initial pledge, the proportion of the number of shares and the number of shares, the limited compensation date of the capital stock, the date of expiration of the pledge right, and the date of the same proportion of the pledge right

Action person stock pledge

Pledge

Apply for Bank of China to borrow bilting to release the bank’s share fund developments is 103939172 79.999923% 13.55% no no no 2022 / 1 / 24 pledge limited public pledge shares registration department Macau pledge Branch guarantee

2. Basic information of shares frozen, auctioned or trust established

As of the disclosure date of the announcement, the shares of the company held by bilting have not been frozen, auctioned or set up trust

The situation.

3. Bilting’s pledge is a loan pledge guarantee, and there is no risk of closing positions in its Pledged Shares at present

Insurance. In case of any other major changes in the above pledge matters, the company will fulfill the letter in time in accordance with relevant regulations

Interest disclosure obligations.

4. Cumulative pledge of shareholders’ shares

As of the disclosure date of the announcement, the Pledged Shares held by the above shareholders and their persons acting in concert are as follows:

Situation of Pledged Shares situation of non Pledged Shares situation of this pledge after this pledge

Shareholder’s name, number of shares held, the number of pledged shares before holding, accounting for the total pledged Pledged Shares of the company held by him

For example, the proportion of shares, the share capital, the limited number of shares, the limited number of shares, the proportion of sales and frozen pledge sales and pledge settlement Proportion of subject shares frozen shares

Shanghai Lihong enterprise management 38452374650.13% 307618897 307618897 79.999974% 40.11% 0 shares 0% 0 shares 0% shares of Co., Ltd

BILTING 129,924,090 103,939,172

Developments shares 16.94% 0 shares 79.999923% 13.55% 0 shares 0% 0 shares 0% Limited

Total 51444783667.07% 30761889741158069 79.999961% 53.66% 0 shares 0% 0 shares 0% shares

2、 Share pledge of controlling shareholders and persons acting in concert:

1. This share pledge financing is not used to meet the production and operation related needs of listed companies.

2. There are no pledged shares due in the next six months or one year.

3. There is no infringement on the interests of listed companies such as occupation of non operating funds and illegal guarantee.

4. The risk of this share pledge is controllable and will not affect the production and operation of listed companies (including but not limited to purchase and sale)

Business, financing credit and financing cost, sustainable operation ability), corporate governance (including but not limited to equity or

Stable control, three sessions operation, daily management), performance compensation obligations (including but not limited to performance compensation)

Overview of repayment obligations, estimated compensation amount and method, performance capacity and performance guarantee (if applicable), etc

influence.

3、 Documents for future reference

1. Share pledge registration certificate

2. Details of share pledge of China Securities Depository and Clearing Corporation Limited

3. Notification letter

It is hereby announced

Joyoung Co.Ltd(002242) board of directors

January 28, 2022

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