Yango Group Co.Ltd(000671) : suggestive announcement on passive reduction of shares held by controlling shareholders

Securities code: 000671 securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022-021

Yango Group Co.Ltd(000671)

Suggestive announcement on passive reduction of shares held by controlling shareholders

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood

Records, misleading statements or major omissions.

Recently, Yango Group Co.Ltd(000671) (hereinafter referred to as “the company”) received a letter from Dongfu, the holding stock of the company

Fujian Kangtian Co., Ltd. (hereinafter referred to as “Sunshine Group”) and the controlling shareholder acting in concert

According to the notice of Industrial Group Co., Ltd. (hereinafter referred to as “Kangtian industry”), it is learned that sunshine group and Kangtian industry

Since the proportion of guarantee maintained in some accounts is lower than the closing line, it will be released from February 14 to February 16, 2022

Passively reduce 20918600 shares of the company through centralized bidding, accounting for 0.51% of the total share capital of the company,

The relevant information of this passive reduction is as follows:

1、 Basic information of this share change

1. Passive reduction of shareholders

Shareholder name relationship date number of shares (shares) unit price (yuan)

The controlling shareholder of sunshine group passively reduced its holdings of 4737200 2.76 on February 14, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 3824200 2.74 on February 14, 2022

The controlling shareholder of sunshine group passively reduced its holdings of 3875100 2.69 on February 15, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 2949800 2.67 on February 15, 2022

The controlling shareholder of sunshine group passively reduced its holdings of 3216800 2.67 on February 16, 2022

The person acting in concert by the controlling shareholders of Kangtian industry passively reduced 2315500 2.67 on February 16, 2022

2. Shareholding of shareholders before and after passive reduction

Shares held before this reduction and shares held after this reduction

Name of shareholders and nature of shares

Proportion of shares (shares) in total share capital proportion of shares (shares) in total share capital

(%) (%)

Sunshine Group holds 675294364 shares in total 16.31% 663465264 16.02%

Dongfang Xinlong holds a total of 63094097 shares of 15.24%

Kangtian industry holds 389895123 9.42% shares in total 380805623 9.20%

Total / 1696130434 40.97% 1675211834 40.46%

2、 Relevant risk tips

1. The reduction of holdings through centralized bidding is the passive reduction of holdings by sunshine group and people acting in concert

The group and the persons acting in concert have been actively communicating and coordinating with the creditors, and carried out debt extension and

Fund raising and other relevant measures to reduce the adverse impact of this passive reduction of shares.

2. This passive reduction will not have a material impact on the corporate governance structure and sustainable operation, nor will it directly affect

Resulting in change of control of the company.

3. The company will continue to pay attention to the share changes of sunshine group and those acting in concert and urge them to strictly abide by them

Securities law, Shenzhen Stock Exchange Stock Listing Rules, Shenzhen Stock Exchange listed companies from

Legal supervision guidance No. 1 – standardized operation of listed companies on the main board, reduction of shareholders, directors, supervisors and senior executives of listed companies

Several provisions on shares, shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange

Detailed rules for the implementation of share reduction and other relevant laws, regulations and normative documents, and timely perform the information disclosure

Disclosure obligations. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Yango Group Co.Ltd(000671)

Board of directors

February 17, 2022

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