600146: Shangying Global Co.Ltd(600146) announcement on the progress of judicial auction of shares held by shareholders of the company

Securities code: 600146 securities abbreviation: * ST global Announcement No.: pro-2022-009 Shangying Global Co.Ltd(600146)

Announcement on the progress of judicial auction of shares held by shareholders of the company

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips

● this judicial auction will not affect the normal production and operation activities of the company.

● the judicial auction does not involve tender offer, and the control of the company has not changed so far.

● after the equity change and transfer of this judicial auction, the total proportion of shares held by the controlling shareholder Shangying Holding Group Co., Ltd. and its persons acting in concert changed from 9.73% to 6.07%.

1、 Progress of this judicial auction

The company recently received a notification letter from PwC about the progress of the judicial auction of Shangying Global Co.Ltd(600146) (hereinafter referred to as the "company") 16 million shares originally held by xusen international. After verification, the company announced as follows:

On December 16, 2020, xusen International Holdings (Group) Co., Ltd. (hereinafter referred to as "xusen company" or "debtor") applied for bankruptcy liquidation to Shanghai Third Intermediate People's Court (hereinafter referred to as "Shanghai Third Intermediate People's court") on the ground that it was unable to pay off its due debts and its assets were insufficient to pay off all its debts.

On January 5, 2021 (hereinafter referred to as the "acceptance date of bankruptcy application"), the third intermediate people's Court of Shanghai made a civil ruling (2021) Hu 03 Po No. 15, ruled to accept the bankruptcy liquidation case of the debtor, and made a decision (2021) Hu 03 Po No. 15 on January 20, 2021, Appoint PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership) as the manager of the debtor (hereinafter referred to as the "manager").

According to the investigation of the manager, xusen company holds 16000000 shares of * ST global (Stock Code: 600146) in the Orient Securities Company Limited(600958) settlement account.

On November 30, 2021, the third intermediate people's Court of Shanghai ruled to restructure xusen company. According to the relevant provisions of the enterprise bankruptcy law of the people's Republic of China and the resolutions formed by the creditors' meeting, and under the guidance of the third intermediate people's Court of Shanghai, the manager issued a bidding announcement on Alibaba auction judicial network platform on December 2, 2021, The manager will conduct a public auction of the above shares on Taobao auction network platform from 15:00 on December 17, 2021 to 15:00 on December 18, 2021 (except for delay).

On December 18, 2021, the above shares have been auctioned, and the buyer has paid the auction balance on December 20, 2021.

On January 21, 2021, the manager received the confirmation of transfer registration issued by China Securities Depository and Clearing Co., Ltd., confirming that 16 million shares of * ST global (Stock Code: 600146) held by the original xusen International Holdings (Group) Co., Ltd. have been transferred to Zhang Shouchun's securities account. After verification, the details are as follows:

Buyer: Zhang Shouchun, X, Xuanwu District, Beijing, Tianqiao, North Lane, with the ID number: 1101041961XXXXXX42, which was transferred in January 20th. A total of 16 million shares were granted. As of now (the certificate of information can be displayed), 8 million 100 thousand shares have been sold and 7 million 900 thousand shares have been held. After verification, the controlling shareholders and acting parties of Zhang Shou Chun are not affiliated. 2、 Other relevant instructions and risk tips

1. This judicial auction will not affect the normal production and operation activities of the company.

2. After the completion of the judicial auction and the change of ownership, the proportion of shares held by the controlling shareholder Shangying Holding Group Co., Ltd. and its persons acting in concert changed from 9.73% to 6.07%. Up to now, the control right of the company has not changed. The information disclosure media designated by the company are Shanghai Securities News, China Securities News, Securities Daily, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN), Relevant company information shall be subject to the information published in the above designated media, and investors shall be reminded of investment risks.

3. Please refer to Alibaba auction platform for details.

It is hereby announced.

Shangying Global Co.Ltd(600146)

February 9, 2022

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