600589: Guangdong Rongtai: Announcement on the progress of shareholders' passive reduction of shares

Securities code: 600589 securities abbreviation: St Rongtai Announcement No.: 2022-009

Progress of passive share reduction of Guangdong Rongtai Industry Co.Ltd(600589) shareholders

Notice

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

Take responsibility.

Important content tips:

1. Basic information of shareholders' shareholding: before the implementation of this reduction plan, Guangdong Rongtai Industrial Co., Ltd

Jieyang Xingsheng chemical raw materials Co., Ltd. (hereinafter referred to as "Xingsheng") the second largest shareholder of the company (hereinafter referred to as "the company")

Shenghua Chemical Industry Co., Ltd. holds 80140000 shares of the company's non tradable shares, accounting for 11.38% of the company's total share capital.

2. Progress of the share reduction plan: the company announced on the designated information disclosure media on January 29, 2022

The announcement on the share reduction plan of Guangdong Rongtai Industry Co.Ltd(600589) shareholders and directors, supervisors and senior executives through centralized bidding (public notice)

Report No.: 2022-005), the pledgee Haitong Securities Company Limited(600837) plans to reduce its shareholding through centralized bidding through securities trading

The total number of shares shall not exceed 1% of the total number of shares of the company and the total number of shares reduced by block trading shall not exceed 1%

More than two percent. Due to the breach of some stock pledge repo transactions handled by Xingsheng chemical, the pledgee Haitong Securities

The bonds reduced 500000 shares of the company through block trading on February 15, 2022, accounting for 20% of the total share capital of the company

0.07%; On February 21, 2022, 13580665 shares of the company were reduced through block trading, accounting for the total shares of the company

1.93% of share capital. As of February 21, 2022, Haitong Securities Company Limited(600837) has been disposed of cumulatively through block trading

Sold 14080665 shares of St Rongtai (Code: 600589), the subject of pledge, accounting for 2% of the total share capital, and the reduction plan

The implementation has not been completed, and the reduction is enforced by the pledgee.

1、 Basic information of the reducing entity before the reduction

Number of shares held

Shareholder name shareholder identity shareholding proportion current shareholding source (share)

More than 5% of Jieyang Xingsheng chemical raw materials are not the first 80140000 11.38% obtained before IPO: 44500000

Major shareholder of limited company

Obtained by other means:

35640000 shares

There are persons acting in concert with the above reduction subjects:

Number of shares held by shareholders

Cause of formation

The first group of Guangdong Rongtai advanced porcelain Co., Ltd. 95647893 13.59% is under the same actual control

people

Yang Baosheng 4857713 0.69% actual controller

Total 100505606 14.28% -

2、 Implementation progress of share reduction plan

(I) major shareholders and directors, supervisors and senior executives disclose the implementation progress of the reduction plan for the following reasons:

The controlling shareholders, actual controllers and persons acting in concert of the company have reduced their holdings to 1% of the total shares of the company

Current reduction price

Total holdings reduction current holdings reduction interval Holdings

Name and quantity of shareholders amount of reduction during reduction proportion of shareholding (yuan / quantity)

(share) (yuan) proportional share (share)

Jieyang xingshenghua 14,08 2% 2022 / 2 / 1 block transaction 2.04 29267 66,05 9.38 industrial raw materials Co., Ltd. 0665 5 ~ -2.08, 783.2 9335% company 2022 / 2 / 2

one

(II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders or directors, supervisors and senior executives

√ yes □ no

(III) whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization within the reduction time interval □ yes √ no (IV) the impact of this reduction on the company

The implementation of this share reduction plan will not lead to the change of the company's control and will not have a significant impact on the company's continuous operation and governance structure.

(V) other matters required by the exchange

None. 3、 Relevant risk tips (I) up to now, the implementation of this reduction plan has not been completed. The reduction is enforced by the pledgee. During the reduction period, the actual reduction time and price are uncertain. (II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no (III) other risks

There is no violation of the relevant provisions of the securities law, the Listing Rules of Shanghai Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, and the detailed rules for the implementation of the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, and there is no situation that the reduction of shares is not allowed. The company will continue to pay attention to the follow-up progress of relevant matters, and urge shareholders to fulfill the obligation of information disclosure in time and according to law.

It is hereby announced.

Guangdong Rongtai Industry Co.Ltd(600589) board of directors February 24, 2022

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