Zhejiang Wanliyang Co.Ltd(002434) : Announcement on the progress of the company’s shareholders’ share reduction plan for more than half of the time

Securities code: Zhejiang Wanliyang Co.Ltd(002434) securities abbreviation: Zhejiang Wanliyang Co.Ltd(002434) Announcement No.: 2022 – 020

Zhejiang Wanliyang Co.Ltd(002434)

Announcement on the progress of the company’s shareholders’ share reduction plan for more than half of the time

The shareholder Hong Kong Libang Industrial Co., Ltd. guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.

The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.

Zhejiang Wanliyang Co.Ltd(002434) (hereinafter referred to as “the company”) disclosed on November 13, 2021

According to the pre disclosure announcement on the share reduction plan of the company’s shareholders (2021058), the shareholder of the company, Hong Kong lippon Industrial Co., Ltd. (hereinafter referred to as “Hong Kong lippon”), plans to within 6 months after 15 trading days from the date of disclosure of the above announcement (except for the period prohibited by laws and regulations), The reduction of shares of the company through centralized bidding shall not exceed 13.4 million shares (not more than 1% of the total share capital of the company).

Recently, the company received the notification letter on more than half of the planned time of share reduction issued by Hong Kong Libang. As of the date of this announcement, the planned time of share reduction of Hong Kong Libang has been more than half. In accordance with the securities law, the Listing Rules of Shenzhen Stock Exchange, several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange, the relevant information is hereby announced as follows:

1、 Shareholder reduction

1. Source of share reduction: shares issued before the company’s initial public offering and shares transferred due to equity distribution over the years.

2. Share reduction by shareholders

Average price of reduction number of shares reduced proportion of reduction shareholder name reduction method reduction period

(yuan / share) (10000 shares) (%)

Hong Kong Li Bang Shi December 20, 2021

Centralized bidding 13.32 570 0.43 Industry Co., Ltd. – January 27, 2022

3. Shareholding of shareholders before and after this reduction

Shares held before this reduction and shares held after this reduction

Name of shareholder nature of shares proportion of total share capital proportion of total share capital number of shares (10000 shares) number of shares (10000 shares)

Cases (%)

Total shares held

3816.5 2.842979.5 2.22 copies

Among them: unlimited sales

3816.5 2.842979.5 2.22 conditions for shares of Industrial Co., Ltd

Limited sales conditions

0 shares

Note: during this reduction plan, in addition to reducing its holdings of 5.7 million shares through centralized bidding,

2.67 million shares were reduced through block trading.

2、 Other relevant instructions

1. Hong Kong Libang’s share reduction complies with the securities law and the regulations on the listing of shares on the Shenzhen Stock Exchange

Several provisions on the reduction of shares held by shareholders, directors, supervisors and senior executives of listed companies, Shenzhen Stock Exchange

Detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of municipal companies and other relevant laws and regulations

And normative documents.

2. The share reduction of Hong Kong Libang has been pre disclosed in accordance with relevant regulations, and the share reduction plan has been implemented

The implementation is consistent with the pre disclosed reduction plan.

3. Hong Kong Libang is not the controlling shareholder or actual controller of the company, and the implementation of this reduction plan will not be affected

The change of control of the company will not have an adverse impact on the continuous and stable operation of the company.

4. As of the disclosure date of this announcement, the share reduction plan of Hong Kong lippon has not been completed. Under holding

During the implementation of the plan, the company will urge Hong Kong lippon to strictly abide by the provisions of relevant laws and regulations and perform them in a timely manner

Information disclosure obligations. Please invest rationally and pay attention to investment risks.

3、 Documents for future reference

1. Notification letter on more than half of the time of share reduction plan issued by Hong Kong lippon.

It is hereby announced.

Zhejiang Wanliyang Co.Ltd(002434) board of directors

March 7, 2022

- Advertisment -