Weilong Grape Wine Co.Ltd(603779) : the reduction time is more than half. The reduction of Runjin No. 1 asset management plan has not been implemented yet

On February 23, Weilong Grape Wine Co.Ltd(603779) (hereinafter referred to as " Weilong Grape Wine Co.Ltd(603779) ") announced the progress of shareholders' share reduction, saying that the reduction was more than half of the time, and the shareholder China Railway BAOYING asset - Ping An Bank Co.Ltd(000001) - China Railway BAOYING Runjin No. 1 asset management plan has not been implemented yet.

On December 17, 2021, Weilong Grape Wine Co.Ltd(603779) issued the announcement of Weilong Grape Wine Co.Ltd(603779) shareholders' share reduction plan, which said that China Railway BAOYING asset - Ping An Bank Co.Ltd(000001) - China Railway BAOYING Runjin No. 1 asset management plan planned to reduce its shares of the company by centralized bidding within three months after 15 trading days from the date of the announcement of the share reduction plan, accounting for 15.58% of its shares. It reduced its holdings of about 6.65 million shares of the company in the form of block trading, accounting for 31.16% of its holdings. At present, the reduction time of the above reduction plan is more than half, and the reduction plan has not been implemented yet.

Before the reduction, China Railway BAOYING assets - Ping An Bank Co.Ltd(000001) - China Railway BAOYING Runjin No. 1 asset management plan held Weilong Grape Wine Co.Ltd(603779) about 21.36 million shares, accounting for 6.42% of the total share capital of the company, belonging to the non largest shareholder holding more than 5%.

In addition, the announcement said that China Railway BAOYING assets - Ping An Bank Co.Ltd(000001) - China Railway BAOYING Runjin No. 1 asset management plan will decide whether to implement the share reduction plan according to the market conditions and the company's share price, and there is uncertainty about whether the share reduction plan will be implemented and completed on schedule.

According to the report of the third quarter of 2021, Weilong Grape Wine Co.Ltd(603779) achieved an operating revenue of 333 million yuan in the first three quarters, a year-on-year increase of 26.24%; The net profit attributable to shareholders of listed companies was 2.992 million yuan, a year-on-year increase of 101.82%.

As of the afternoon closing of February 23, Weilong Grape Wine Co.Ltd(603779) share price was 6.99 yuan, up 0.58% on the same day, with a total market value of 2.33 billion yuan.

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