Sundy Land Investment Co.Ltd(600077) reply to the inquiry letter: the transaction in the sensitive period cannot be fully verified, and there is a risk that Songdu lithium can not be controlled

Sundy Land Investment Co.Ltd(600077) announced the reply to the inquiry letter of Shanghai Stock Exchange. As of March 23, the company’s 2018 employee stock ownership plan had been sold out. The actual contributions of directors, supervisors and senior managers of the company (Yu Jianwu, Wang Qinghua, Chen Zhenning, Xiao Jianke, Zheng Xiliang, Zhu Jin and Li Jinxing) in the current employee stock ownership plan generated a total of 271961 million yuan. The company cannot fully verify the transactions in the sensitive period. At the same time, in view of the fact that the proxy agreement on voting rights of directors to be signed by the company with other shareholders of Songdu lithium is still in progress and has not been signed yet, the company has the risk of being unable to control Songdu lithium.