Pledge 307 million shares of Taihe building materials as the performance guarantee Yango Group Co.Ltd(000671) shareholder

On January 4, Yango Group Co.Ltd(000671) (hereinafter referred to as ” Yango Group Co.Ltd(000671) “) issued an announcement on the pledge of shares of shareholders holding more than 5%.

According to the announcement, Yango Group Co.Ltd(000671) shareholder Cangzhou Taihe building materials Co., Ltd. (hereinafter referred to as “Taihe building materials”) pledged its shares in the company. The total pledge is about 307 million shares, accounting for 100% of its Yango Group Co.Ltd(000671) shares and 7.41% of the shares of Yango Group Co.Ltd(000671) company. Among them, about 185 million pledged shares are pledged by Taikang Life Insurance, and about 122 million shares are pledged by Taikang pension. The purpose of pledge is performance guarantee.

According to the announcement, the above pledge is the performance guarantee for performing the payment obligations under the agreement and paying the balance of the transfer price, and the Pledged Shares have no performance compensation obligations such as major asset restructuring.

Previously, on December 27, 2021, Yango Group Co.Ltd(000671) announced that on that day, the company received the notice from the shareholders Taikang Life Insurance and Taikang pension. Taikang Life Insurance and Taikang pension signed a share transfer agreement with Taihe building materials, which agreed that Taihe building materials would transfer Yango Group Co.Ltd(000671) 7.41% shares from Taikang life insurance and Taikang pension through agreement transfer, totaling 307 million shares, The transfer price is 936 million yuan (including tax).

(Beijing News)

 

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