Jilin Liyuan Precision Manufacturing Co.Ltd(002501) : short form equity change report

Jilin Liyuan Precision Manufacturing Co.Ltd(002501)

Short form equity change report

Name of listed company: Jilin Liyuan Precision Manufacturing Co.Ltd(002501) place of stock listing: Shenzhen Stock Exchange Stock abbreviation: * ST Liyuan Stock Code: 002501 information disclosure obligor 1: Wang Min (dead) domicile / mailing address: Liaoyuan City, Jilin Province nature of change: passive reduction of shares (as determined by the court) Information disclosure obligor 2: Zhang Yongxia domicile / mailing address: Liaoyuan City, Jilin Province nature of change: passive reduction of shares (execution of court ruling)

Date of signature: February 24, 2002

Statement of information disclosure obligor

1、 The information disclosure obligor shall, in accordance with the securities law of the people's Republic of China (hereinafter referred to as the "Securities Law"), the measures for the administration of the acquisition of listed companies (hereinafter referred to as the "acquisition measures"), the standards for the contents and forms of information disclosure by companies offering securities to the public No. 15 - Report on changes in equity and other laws This report is prepared by laws, regulations and normative documents.

2、 The information disclosure obligor has obtained necessary authorization and approval for signing this report.

3、 In accordance with the provisions of the securities law, the acquisition measures and the standards for the contents and forms of information disclosure by companies offering securities to the public No. 15 - Report on changes in equity, this report has fully disclosed the changes in shares in which the information disclosure obligor has interests in Jilin Liyuan Precision Manufacturing Co.Ltd(002501) (hereinafter referred to as "Liyuan refining").

4、 The effective conditions for the change of shares in which the information disclosure obligor has an interest in Liyuan refining: the date when the shares are transferred to Northeast Securities Co.Ltd(000686) takes effect. As of the date of issuance of this report, the above shares have not been transferred.

5、 As of the signing date of this report, except for the information disclosed in this report, the information disclosure obligor has not increased or reduced its shares in Liyuan refining in any other way.

6、 This equity change is based on the information stated in this report. The information disclosure obligor has not entrusted or authorized any other person to provide information not listed in this report and make any explanation or explanation to this report.

7、 The information disclosure obligor promises that there are no false records, misleading statements or major omissions in this report, and will bear individual and joint legal liabilities for its authenticity, accuracy and completeness.

catalogue

Section 1 interpretation four

Section II introduction to information disclosure obligors five

Section III reasons and plans for equity changes six

Section IV equity change method seven

Section V Trading of listed shares of Liyuan refining in the first six months nine

Section VI other major matters ten

Section VII documents for future reference eleven

Section VIII declaration of information disclosure obligor twelve

Schedule thirteen

Section I interpretation

In this report, unless otherwise specified, the following words have the following specific meanings:

Explanatory item refers to the explanatory content

Company, Liyuan refining refers to Jilin Liyuan Precision Manufacturing Co.Ltd(002501)

Securities Law refers to the securities law of the people's Republic of China

The acquisition Measures refer to the administrative measures for the acquisition of listed companies

Information disclosure obligors refer to Mr. Wang Min (dead) and Ms. Zhang Yongxia

The report and this report refer to the Jilin Liyuan Precision Manufacturing Co.Ltd(002501) simplified report on changes in equity

This equity change refers to the passive reduction in the number of shares of the company held by the information disclosure obligor due to the enforcement of the court's ruling

CSRC refers to the China Securities Regulatory Commission

Shenzhen stock exchange refers to Shenzhen Stock Exchange

Court means the higher people's Court of Jilin Province

Application executor, Northeast Securities Co.Ltd(000686) refers to Northeast Securities Co.Ltd(000686)

CSDCC refers to Shenzhen Branch of China Securities Depository and Clearing Co., Ltd

Yuan means RMB yuan

Section II introduction to information disclosure obligors

1、 Basic information of information discloser

Name: Wang Min (deceased)

Gender male

Chinese nationality (without permanent residency abroad)

Address / mailing address: Liaoyuan City, Jilin Province

Name: Zhang Yongxia

Gender female

Chinese nationality (without permanent residency abroad)

Address / mailing address: Liaoyuan City, Jilin Province

2、 Description of concerted action relationship between information disclosure obligors

Mr. Wang Min (who has died) is married to Ms. Zhang Yongxia, According to Article 83 of the acquisition measures, "investors who have acted in concert in the acquisition of listed companies and related changes in share rights and interests shall be persons acting in concert with each other. If there is no evidence to the contrary, investors who have one of the following circumstances shall be persons acting in concert: (12) investors have other related relationships." Therefore, Mr. Wang Min and Ms. Zhang Yongxia have a relationship of concerted action.

On April 14, 2019, Mr. Wang Min died of illness. Because Mr. Wang Min did not make a will before his death, according to Article 10 of the inheritance law of the people's Republic of China, Mr. Wang Min's legal successors in the first order are his spouse, parents and children. Since Mr. Wang Min's parents have died, Mr. Wang Min's sons Wang Jianxin and Wang Jianfeng signed the declaration of abandoning the right of inheritance on May 28, 2019 and notarized it in accordance with the law at the Guoxin Notary Office of Liaoyuan City, Jilin Province. Therefore, Mr. Wang Min's wife, Ms. Zhang Yongxia, is the only legal heir of Mr. Wang min. As the shares held by Mr. Wang Min are in the state of pledge, judicial freezing and waiting for freezing, the inheritance procedures have not been handled.

3、 Where the shares in which the information disclosure obligor has an interest in other domestic or overseas listed companies reach or exceed 5% of the issued shares of the company.

As of the signing date of this report, except for Liyuan refining, the information disclosure obligor has no equity shares in other domestic and overseas listed companies that reach or exceed 5% of the issued shares of the company.

Section III reasons and plans for changes in equity

1、 Reasons for this equity change

(I) this equity change is due to the case of contract dispute between Mr. Wang Min and Ms. Zhang Yongxia (information disclosure obligor) and Northeast Securities Co.Ltd(000686) . Wang Min and Zhang Yongxia failed to perform their obligations determined by the effective legal documents and Northeast Securities Co.Ltd(000686) applied to the court for auction of 25000000 company shares held by Mr. Wang Min and 94500000 company shares held by Ms. Zhang Yongxia.

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 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.

(II) in February 2022, the court issued the execution ruling (2021) Ji Zhi No. 13-1 and (2021) Ji Zhi No. 12-6), the main contents of which 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 enforcement Northeast Securities Co.Ltd(000686) to offset the monetary 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.

(III) the 25000000 shares held by Mr. Wang Min and the 94500000 shares held by Ms. Zhang Yongxia will lead to the passive reduction of the number of shares held by him due to the enforcement of the court's ruling. For details about the shareholding changes of Mr. Wang Min and Ms. Zhang Yongxia before and after this equity change, see "section IV equity change methods" of this report.

As of the date of issuance of this report, the transfer of the above passively reduced shares has not been completed. The information disclosure obligor will actively pay attention to the progress of the above matters and timely perform the information disclosure obligations in accordance with the relevant provisions of laws and regulations.

2、 Share increase / decrease plan of the information disclosure obligor in the next 12 months

As of the signing date of this report, except for this equity change, the information disclosure obligor has no specific plan to increase or dispose of the shares of the listed company in the next 12 months. As the shares held by Mr. Wang Min and Ms. Zhang Yongxia are in the state of pledge, judicial freezing, judicial re freezing and waiting for freezing, the above shares are at risk of auction and passive disposal.

Section IV changes in equity

1、 Current equity change method

Due to the ruling of the enforcement court to take public auction measures for the shares of the company held by Wang Min and Zhang Yongxia, the number of shares in the company owned by Wang Min and Zhang Yongxia was passively reduced.

The effective conditions for the change of shares in which the information disclosure obligor has interests in the company: the date when the shares are transferred to Northeast Securities Co.Ltd(000686) takes effect. As of the date of issuance of this report, the above shares have not been transferred.

Before the equity change took effect, the information disclosure obligors held 270381028 shares of the company, with a shareholding ratio of 7.61%. After this equity change takes effect, the information disclosure obligor holds 150881028 shares of the company in total, with a shareholding ratio of 4.25%.

Before and after the equity change took effect, the shareholding changes of Mr. Wang Min and Ms. Zhang Yongxia are as follows:

Before this equity change takes effect and after this equity change takes effect

Name of shareholders number of shares in issued shares of listed companies number of shares in issued shares of listed companies

Proportion of shares

(%) (%)

Wang Min 175881028 4.95 150881028 4.25

Zhang Yongxia 94500000 2.66 0.00

Total 270381028 7.61 150881028 4.25

2、 Basic information of this equity change

(I) this equity change is due to the case of contract dispute between Mr. Wang Min and Ms. Zhang Yongxia (information disclosure obligor) and Northeast Securities Co.Ltd(000686) . Wang Min and Zhang Yongxia failed to perform their obligations determined by the effective legal documents and Northeast Securities Co.Ltd(000686) applied to the court for auction of 25000000 company shares held by Mr. Wang Min and 94500000 company shares held by Ms. Zhang Yongxia.

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 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.

(II) in February 2022, the court issued the execution ruling (2021) Ji Zhi No. 13-1 and (2021) Ji Zhi No. 12-6), the main contents of which 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.

(III) the 25000000 shares held by Mr. Wang Min and the 94500000 shares held by Ms. Zhang Yongxia will lead to the passive reduction of the number of shares held by him due to the enforcement of the court's ruling. For the details of the shareholding changes of Mr. Wang Min and Ms. Zhang Yongxia before and after this equity change, see "I. this equity change method" in "section IV equity change method" of this report.

As of the date of issuance of this report, the transfer of the above passively reduced shares has not been completed. The information disclosure obligor will actively pay attention to the progress of the above matters and comply with the relevant provisions of laws and regulations

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