Stock Code: 002501 stock abbreviation: * ST Liyuan Announcement No.: 2022-006 Jilin Liyuan Precision Manufacturing Co.Ltd(002501)
Announcement on the progress of judicial auction and judicial transfer of some shares of the company held by shareholders holding more than 5% and those acting in concert
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Auction of shareholders’ shares
Jilin Liyuan Precision Manufacturing Co.Ltd(002501) (hereinafter referred to as “the company”) received the notice of auction sent by the shareholders holding more than 5% shares and their persons acting in concert on December 2, 2021, and learned that the higher people’s Court of Jilin Province (hereinafter referred to as “the court”) ruled to auction 25000000 shares of the company held by Mr. Wang Min (who has died) and 94500000 shares of the company held by Ms. Zhang Yongxia. For details, please refer to the company’s website (www.cn. Info. Com. CN.) on December 3, 2021 The disclosed suggestive announcement on the judicial auction of some shares of the company held by shareholders holding more than 5% of shares and persons acting in concert (Announcement No.: 2021-088).
From 10:00 on January 5, 2022 to 10:00 on January 6, 2022, the court held a public auction of 25000000 shares of the company held by Mr. Wang Min (dead) and 94500000 shares of the company held by Ms. Zhang Yongxia on the judicial auction platform of Taobao. The auction ended because there was no bid. For details, please refer to cninfo.com.cn on January 7, 2022 Announcement on the progress of judicial auction of some shares of the company held by shareholders holding more than 5% and their concerted actors (Announcement No.: 2022-001).
2、 The shareholder’s shares are determined by the court to pay off the debt in kind and will be transferred by justice
On February 22, 2022, the company learned of the execution ruling (2021) Ji Zhi No. 13-1 and (2021) Ji Zhi No. 12-6 sent by the court. The main contents are as follows:
1. Lifting the freezing of 25 million shares held by Wang Min and 94.5 million shares held by Zhang Yongxia;
2. The 25 million shares held by Wang Min and 94.5 million shares of the company held by Zhang Yongxia were priced at 46575000.00 yuan and 176053500.00 yuan respectively, and delivered to the applicant for execution Northeast Securities Co.Ltd(000686) to offset the money payment obligations determined in the civil judgment, including interest, this execution fee, and the remaining property value to offset the principal;
3. The applicant for enforcement Northeast Securities Co.Ltd(000686) may go through relevant transfer procedures at the registration authority with this ruling.
4. The Executees Wang Min and Zhang Yongxia shall continue to perform their repayment obligations in accordance with the remaining outstanding principal, interest, liquidated damages and double payment of delayed performance interest determined in the civil judgment.
This ruling shall take legal effect after being served.
3、 Other relevant information description and relevant risk tips
1. As of the disclosure date of this report, a total of 270381028 shares of the company held by Mr. Wang Min and Ms. Zhang Yongxia have been subject to judicial freezing, judicial re freezing and waiting freezing; The company’s shares held by Mr. Wang Min and Ms. Zhang Yongxia have been pledged with a total of 266780000 shares, accounting for 98.67% of their shares and 7.51% of the total share capital of the company.
2. Mr. Wang Min and Ms. Zhang Yongxia are neither the controlling shareholder or the largest shareholder of the company nor the person acting in concert, nor the actual controller of the company. The above matters related to judicial transfer will not affect the production and operation of the company, nor the actual control of the company.
3. As of the disclosure date of this announcement, the transfer of the above shares has not been completed. The company will actively pay attention to the progress of the above matters and timely perform the obligation of information disclosure in accordance with the relevant provisions of laws and regulations.
4. The information disclosure media designated by the company are securities times, China Securities News, Shanghai Securities News and cninfo (www.cn. Info. Com. CN.), The information about the company shall be subject to the announcement published by the above media. Please invest rationally and pay attention to risks.
It is hereby announced.
Jilin Liyuan Precision Manufacturing Co.Ltd(002501) board of directors February 24, 2022
