Yango Group Co.Ltd(000671) : suggestive announcement on passive reduction of shares held by controlling shareholders

Securities code: Yango Group Co.Ltd(000671) securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022029

Yango Group Co.Ltd(000671)

Suggestive announcement on passive reduction of shares held by controlling shareholders

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood

Records, misleading statements or major omissions.

Recently, Yango Group Co.Ltd(000671) (hereinafter referred to as “the company”) received a letter from Dongfu, the controlling shareholder of the company

Construction Sunshine Group Co., Ltd. (hereinafter referred to as “Sunshine Group”) and Dongfang Xinlong, a wholly-owned subsidiary of the controlling shareholder

Fujian Kangtian Real Estate Co., Ltd. (hereinafter referred to as “Dongfang Xinlong”) and the controlling shareholder acting in concert

According to the notice of Kangtian Industry Group Co., Ltd. (hereinafter referred to as “Kangtian industry”), it is learned that sunshine group, Dongfang Xinlong

Kangtian Industrial Co., Ltd. held a meeting from February 23 to March 2, 2022 because the guarantee proportion of some accounts was lower than the closing line

During the period, 35110900 shares of the company were passively reduced through centralized bidding, accounting for 20% of the total share capital of the company

0.85%. The relevant conditions of this passive reduction are as follows:

1、 Basic information of this share change

1. Passive reduction of shareholders

Shareholder name relationship date number of shares (shares) unit price (yuan)

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 8088002.63 on February 23, 2022

The concerted action of the controlling shareholders of Kangtian industry passively reduced 6682002.61 on February 24, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 5542002.53 on February 25, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 4612002.48 on February 28, 2022

The controlling shareholder of sunshine group passively reduced its holdings of 18637002.46 on February 28, 2022

The wholly-owned subsidiary of the controlling shareholder of Dongfang Xinlong passively reduced its holdings of Synthesis Electronic Technology Co.Ltd(300479) 002.39 on February 28, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 3848002.42 on March 1, 2022

The controlling shareholder of sunshine group passively reduced its holdings by 300 2.40 on March 1, 2022

The controlling shareholders of Kangtian industry acted in concert to passively reduce their holdings of 3218002.45 on March 2, 2022

2. Shareholding of shareholders before and after passive reduction

Shares held before this reduction and shares held after this reduction

Shareholder name share nature proportion in total share capital proportion in total share capital number of shares (shares) (%) number of shares (shares) (%)

Sunshine Group holds 16.02% of 663200264 shares and 15.97% of 661336264 shares

Dongfang Xinlong holds a total of 63094097 shares, 15.24% Aecc Aviation Power Co Ltd(600893) 047 and 14.51%

Kangtian industry holds a total of 375293123 shares, 9.06% and 372094123 shares, 8.99%

Total / 166943433440.32% 1634323433439.47%

2、 Relevant risk tips

1. The reduction of holdings through centralized bidding is the passive reduction of holdings by sunshine group and people acting in concert

The group and the persons acting in concert have been actively communicating and coordinating with the creditors, and carried out debt extension and

Fund raising and other relevant measures to reduce the adverse impact of this passive reduction of shares.

2. This passive reduction will not have a material impact on the corporate governance structure and sustainable operation, nor will it directly affect

Resulting in change of control of the company.

3. The company will continue to pay attention to the share changes of sunshine group and those acting in concert and urge them to strictly abide by them

Securities law, Shenzhen Stock Exchange Stock Listing Rules, Shenzhen Stock Exchange listed companies from

Legal supervision guidance No. 1 – standardized operation of listed companies on the main board, reduction of shareholders, directors, supervisors and senior executives of listed companies

Several provisions on shares, shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange

Detailed rules for the implementation of share reduction and other relevant laws, regulations and normative documents, and timely perform the information disclosure

Disclosure obligations. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Yango Group Co.Ltd(000671)

Board of directors

March 3, 2022

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