Stock Code: 000663 stock abbreviation: Fujian Yongan Forestry (Group) Joint-Stock Co.Ltd(000663) No.: 2022-007 announcement of Fujian Fujian Yongan Forestry (Group) Joint-Stock Co.Ltd(000663) (Group) Co., Ltd. that some shares of the company held by shareholders holding more than 5% of the shares have been transferred by judicial ruling
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.
Fujian Fujian Yongan Forestry (Group) Joint-Stock Co.Ltd(000663) (Group) Co., Ltd. (hereinafter referred to as “the company”) received the notification letter of Tianfeng Securities Co.Ltd(601162) (hereinafter referred to as ” Tianfeng Securities Co.Ltd(601162) “) on February 23, 2022. The shares pledged to Tianfeng Securities Co.Ltd(601162) by the company’s shareholder Mr. Su Jiaxu and Fujian Nan’an xiongchuang Investment Center (limited partnership) (hereinafter referred to as “Nan’an xiongchuang”) were involved in breach of contract, Tianfeng Securities Co.Ltd(601162) applied to Quanzhou intermediate people’s Court of Fujian Province for compulsory execution. 41372005 shares were transferred through judicial transfer on February 16 and 22, 2022, accounting for 12.29% of the total share capital of the company. The relevant information is hereby announced as follows:
1、 Basic information of judicial auction of shares
On November 30 and December 31, 2021, the company disclosed the suggestive announcement on the judicial auction of some shares of the company held by shareholders holding more than 5% and the progress announcement on the judicial auction of some shares of the company held by shareholders holding more than 5%, Quanzhou intermediate people’s Court of Fujian Province publicly auctioned 40372005 shares of the company held by Mr. Su Jiaxu on the judicial auction network platform of jd.com from 10:00 on December 28, 2021 to 10:00 on December 29, 2021 (except for delay), accounting for 11.99% of the total share capital of the company. The auction has been carried out on schedule. According to the four bidding results publicized on the judicial auction network platform of jd.com, this judicial auction has been sold.
2、 Specific conditions of judicial transfer of shares
Tianfeng Securities Co.Ltd(601162) apply to Quanzhou intermediate people’s Court of Fujian Province to offset the debt with the reserve price of 362294651 yuan at the first judicial auction. According to the execution ruling [(2021) min05 Zhihui No. 90-1] issued to Tianfeng Securities Co.Ltd(601162) by Quanzhou intermediate people’s Court of Fujian Province, the main ruling contents are as follows:
1. The freezing of 21531736 restricted shares and 18840269 tradable shares held by the executee Su Jiaxu after the initial public offering and 1000000 tradable shares and dividends held by Fujian Nan’an xiongchuang Investment Center (limited partnership) was lifted.
2. Cancel the pledge registration of the above shares and dividends [the current pledgee is Tianfeng Securities Co.Ltd(601162) ].
3. The above 41372005 shares and dividends shall be valued at 361864956 yuan and delivered to the applicant for enforcement Tianfeng Securities Co.Ltd(601162) to offset part of the debts confirmed according to the enforcement basis. The above property rights shall be transferred from the time this ruling is delivered to the applicant for enforcement.
4. The application executor Tianfeng Securities Co.Ltd(601162) may go through the relevant property right transfer registration procedures at the relevant institutions with this ruling.
As of the date of this announcement, Tianfeng Securities Co.Ltd(601162) has completed the judicial transfer registration procedures of the above shares, and the changes in the number of shares held by relevant shareholders are as follows:
Before and after this change
Name of shareholder nature of shares in total share capital in total share capital
Number of shares (shares)
Proportion (%)
Total shares held 5001529 1.49 4001529 1.19
Nan’an xiongchuang
Including: unlimited conditions 1018580 0.31 18580 0.01
shares
Limited sales conditions 3982949 1.18 3982949 1.18
shares
Total shares held 47628978 14.15 7256973 2.16
Su Jiaxu, including: unlimited sales conditions 26097242 7.75 7256973 2.16
shares
Limited sales conditions 21531736 6.40 0
shares
Total shares held 0 0 41372005 12.29
Tianfeng Securities Co.Ltd(601162) of which: unlimited sales condition 0 0 19840269 5.89
shares
Limited sales conditions 0 0 21531736 6 6.40
shares
3、 Other relevant instructions
1. The shares transferred this time are from the shares issued during the company’s major asset restructuring in 2015, of which 21531736 are restricted to sale. According to the profit compensation agreement signed by the company with Mr. Su Jiaxu, Mr. Li Jianqiang, Fujian Guxin Investment Co., Ltd. (hereinafter referred to as “Guxin investment”) and Nan’an xiongchuang in 2015 and the performance realization of Fujian Senyuan Co., Ltd. (hereinafter referred to as “Senyuan furniture”) in the performance commitment period, Senyuan furniture in 2015 In 2016 and 2017, the accumulated net profit was 38298900 yuan less than the accumulated net profit of 409.23 million yuan promised by the performance. Mr. Su Jiaxu and Guxin investment still need to compensate 4634196 shares and 541659 shares.
As of the date of this announcement, Mr. Su Jiaxu and Guxin investment have not fulfilled their performance compensation obligations. According to the profit compensation agreement, when the performance compensation event is triggered, Mr. Su Jiaxu and Guxin investment shall be jointly and severally liable. Before Mr. Su Jiaxu and Guxin investment fulfill the above performance commitment compensation obligations, Tianfeng Securities Co.Ltd(601162) the above restricted shares obtained by judicial transfer face the situation that the restricted sales cannot be eliminated.
2. After the judicial transfer of shares, it will not affect the normal production and operation of the company, nor will it lead to the change of control of the company.
3. After the judicial transfer of shares, Tianfeng Securities Co.Ltd(601162) holds 41372005 shares of the company, accounting for 12.29% of the total share capital of the company, becoming the second largest shareholder of the company.
4. The information disclosure media designated by the company are securities times and cninfo（ http://www.cn.info.com.cn./ ）, all information of the company shall be subject to the information published in the above designated media. Investors are invited to invest rationally and pay attention to risks.
4、 Documents for future reference
1. Tianfeng Securities Co.Ltd(601162) notification letter;
2. Execution ruling of Quanzhou intermediate people’s Court of Fujian Province [(2021) min 05 Zhihui No. 90-1];
3. Confirmation of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. It is hereby announced.
Board of directors of Fujian Fujian Yongan Forestry (Group) Joint-Stock Co.Ltd(000663) (Group) Co., Ltd. February 23, 2022
