Huaxun Fangzhou Co.Ltd(000687) : Huaxun Fangzhou Co.Ltd(000687) announcement on the company’s actual controller’s failure to reduce the company’s shares at the expiration of the passive reduction plan

Securities code: 000687 securities abbreviation: Huaxun Fangzhou Co.Ltd(000687) Announcement No.: 2022-003

Huaxun Fangzhou Co.Ltd(000687)

On the expiration of the passive reduction plan of the actual controller of the company

Announcement of no reduction of shares of the company

Mr. Wu Guangsheng, the actual controller of the company, 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.

Huaxun Fangzhou Co.Ltd(000687) (hereinafter referred to as “the company”) disclosed the pre disclosure announcement on closing risk and passive reduction of some shares held by the actual controller of the company on cninfo.com on July 10, 2021 (Announcement No.: 2021-069). The company learned that Mr. Wu Guangsheng, the actual controller, received the notice from the business department of Shenwan Hongyuan Group Co.Ltd(000166) Securities Co., Ltd. on July 9, 2021, “Our business department has received the execution ruling of Shanghai Xuhui District People’s court and the notice of Shanghai Xuhui District People’s Court on assistance in execution. According to the requirements, we will forcibly sell 1862800 * ST Huaxun securities with the securities code of 000687 in the margin trading account of Wu Guangsheng in our business department, and freeze your capital account.”

As of the disclosure date of this announcement, the term of the above passive reduction plan has expired. According to the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange, the progress of share reduction is hereby announced as follows:

1、 Share reduction

On January 13, 2022, the company received Mr. Wu Guangsheng’s notification letter on the non reduction of shares at the expiration of the passive reduction plan of Huaxun Fangzhou Co.Ltd(000687) shares. Mr. Wu Guangsheng’s passive reduction plan has expired and has not reduced the company’s shares during the passive reduction plan. At present, he still holds 7113248 shares of the company, accounting for 0.93% of the total share capital of the company.

2、 Other relevant instructions

1. During the implementation of this passive reduction, Mr. Wu Guangsheng, the actual controller, strictly abided by the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior executives of listed companies, shareholders and directors of listed companies of Shenzhen Stock Exchange

Securities code: 000687 securities abbreviation: Huaxun Fangzhou Co.Ltd(000687) Announcement No.: 2022-003

The detailed rules for the implementation of share reduction by supervisors and senior managers and other laws, regulations and normative documents.

2. This reduction of shares is a passive reduction caused by the breach of relevant business of the actual controller’s margin trading account, which has been disclosed in advance in accordance with relevant regulations. This reduction is consistent with the previously disclosed reduction plan.

3. The company will continue to pay attention to the shareholding changes of Mr. Wu Guangsheng, the actual controller, and urge him to timely perform the obligation of information disclosure in accordance with relevant laws and regulations. Please pay attention to investment risks.

3、 Documents for future reference

1. Notification letter on non reduction of shares at the expiration of the passive reduction of Huaxun Fangzhou Co.Ltd(000687) shares plan.

It is hereby announced.

Huaxun Fangzhou Co.Ltd(000687) board of directors

January 14, 2022

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