Lingnan Eco&Culture-Tourism Co.Ltd(002717) : Announcement on the progress of more than half of the shareholders' reduction plan

Securities code: 002717 securities abbreviation: Lingnan Eco&Culture-Tourism Co.Ltd(002717) Announcement No.: 2022-010

Lingnan Eco&Culture-Tourism Co.Ltd(002717)

Announcement on the progress of shareholders' reduction plan for more than half of the time

The shareholder Mr. Yin Hongwei guarantees that the information provided to the company is true, accurate and complete without false records

Misleading statements or material omissions. The company and all members of the board of directors guarantee that the contents of the announcement and the information disclosure obligor provide

Consistent information.

Lingnan Eco&Culture-Tourism Co.Ltd(002717) (hereinafter referred to as "the company") was posted on cninfo.com on September 30, 2021

Disclosed the pre disclosure announcement on the shareholding reduction plan of shareholders and some directors and senior managers (Announcement No.:

2021-094)。 Mr. Yin Hongwei, the shareholder, plans to pass the collective appraisal within 6 months after 15 trading days from the date of announcement disclosure

Reduce the company's shares by bidding and block trading, and the number of shares reduced shall not exceed 6% of the company's total share capital, i.e

101064405 shares.

According to several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies and Shenzhen Stock Exchange

The relevant provisions of laws and regulations, such as the detailed rules for the implementation of share reduction by directors, supervisors and senior managers, are in the reduction area

In the interim, when the reduction time is more than half, the progress of the reduction shall be disclosed. Mr. Yin Hongwei took too long to implement the reduction plan

Half a year ago, the progress of the reduction is hereby announced as follows: the details of Mr. Yin Hongwei's reduction are as follows:

1、 Shareholder reduction

1. Share reduction by shareholders

Average transaction price

Shareholder name change time change method reduction quantity (shares) change proportion (yuan / share)

November 12, 2021 3.0915 749800 0.0445% November 15, 2021 3.0755 6629400 0.3936% November 16, 2021 3.1297 1093500 0.0649% November 17, 2021 3.1217 2818000 0.1673% Yin Hongwei centralized bidding on November 18, 2021 3.5684 2036000 0.1209% November 19, 2021 3.8515 403300 0.0239% November 22, 2021 3.6421 1378300 0 0.0818% 20 November 26, 21 3.3331 697800 0 0.0414% December 8, 2021 3.1081 1038000 0.0616%

December 8, 2021 2.9700 19033883 1.1300% block trading

December 14, 2021 2.9700 6232334 0.3700%

Total 42110317 2.5000%

Note: in the above table, if the total is inconsistent with the sum of the itemized data, it is caused by rounding.

2. Shareholding of shareholders before and after reduction

Name number of shares held before reduction and proportion in share capital number of shares held after reduction and proportion in share capital number of shares held in the company and proportion in share capital

Yin Hongwei 515458868 shares 30.60% note 1 473348551 shares 28.10% note 2 389127671 shares note 3 23.10%

Note 1: calculated on the basis of 1684406754 shares of the company's total share capital on September 29, 2021; Note 2: calculated on the basis of 1684414503 shares of the company's total share capital on December 14, 2021; Note 3: on December 28, 2021, Mr. Yin Hongwei signed the share transfer agreement with Shenzhen Xinling investment partnership (limited partnership) (hereinafter referred to as "Xinling investment"), and Xinling investment transferred Lingnan Eco&Culture-Tourism Co.Ltd(002717) 84220880 tradable shares held by Mr. Yin Hongwei at the price of 3.13 yuan / share through agreement transfer, Accounting for about 5% of the total share capital of the listed company, and the transfer will be completed on December 31, 2021.

Mr. Yin Hongwei currently holds 389127671 shares of the company, accounting for about 23.10% of the total share capital of the company.

3、 Other relevant instructions

1. Mr. Yin Hongwei's reduction complies with the company law, the securities law and the listing regulations of Shenzhen Stock Exchange

Guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange and self-discipline supervision of listed companies of Shenzhen Stock Exchange

Citation No. 1 - standardized operation of listed companies on the main board "Several Provisions on reducing shares held by shareholders, directors, supervisors and senior executives of listed companies"

Detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange

Requirements of relevant laws, regulations and normative documents.

2. Mr. Yin Hongwei's actual reduction is consistent with the previously disclosed reduction plan.

3. The implementation of this share reduction plan will not lead to the change of the company's control, nor will it affect the company's governance structure

And going concern.

4. The implementation of the reduction plan has not been completed yet. Mr. Yin Hongwei will, according to the market conditions, the company's share price, etc

To decide whether to implement the share reduction plan, there are uncertainties in the implementation of the share reduction plan, such as the reduction time, reduction price and so on

Sex.

5. The company will continue to pay attention to the follow-up implementation of its shareholding reduction plan and timely perform information disclosure in accordance with relevant regulations

Obligations.

5、 Documents for future reference

1. Notification letter on the implementation progress of the share reduction plan of the company issued by Mr. Yin Hongwei.

It is hereby announced.

Lingnan Eco&Culture-Tourism Co.Ltd(002717) board of directors January 29, 2022

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