China Western Power Industrial Co.Ltd(002630) : announcement that some shares of controlling shareholders may be auctioned by judicial auction

Securities code: China Western Power Industrial Co.Ltd(002630) securities abbreviation: China Western Power Industrial Co.Ltd(002630) Announcement No.: 2022024

China Western Power Industrial Co.Ltd(002630)

Suggestive announcement on the possibility of judicial auction of some shares of controlling shareholders

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without falsity

Records, misleading statements or material omissions.

Special risk tips:

1. The shares of the company held by the controlling shareholder Mr. Li Renchao, accounting for 13.10% of the total share capital of the company, may be

By judicial auction, investors should pay attention to relevant risks.

1、 Basic information of shareholders’ shares being auctioned

China Western Power Industrial Co.Ltd(002630) (hereinafter referred to as “the company”) received today from Chengdu Intermediate people

Notice of the civil law court ([2022] Chuan 01 Zhihui No. 70), and after inquiry, Chengdu Intermediate People’s court

From 10:00 on June 13, 2022 to 10:00 on June 14, 2022 (except for the automatic delay of bidding)

And from 10:00 on June 20, 2022 to 10:00 on June 21, 2022 (due to automatic delay of bidding)

(except) on Taobao judicial auction network platform( https://sf.taobao.com./itemlist.htm )Public auction

Mr. Li Renchao, the controlling shareholder and chairman of the company, holds a total of 154740496 shares of the company, accounting for

It holds 56.85% of the company’s shares and 13.10% of the company’s total share capital.

The specific matters related to this share auction are as follows:

(I) basic information of the shares to be auctioned

Whether it is a holding company or not

Share of the company in this auction

Shareholders or first restricted shares

Number of shares holding total share capital starting date expiration date reason name of auctioneer major shareholder and restrictions on sale

(share) proportion

Types of persons acting in concert

21.05% 4.85% 2022 / 2022 / Chengdu Intermediate judicial Li Renchao yes 57312000 no

6 / 13 6 / 14 people’s court ruling

17.13% 3.95% 2022 / 2022 / Chengdu Intermediate judicial Li Renchao yes 46640496 no

Ruling of the people’s court 13 / 6

1.73% 0.40% 2022 / 2022 / Chengdu Intermediate judicial Li Renchao yes 4708000 no

6 / 13 6 / 14 people’s court ruling

2022 / 2022 / Chengdu Intermediate judicial Li Renchao 4608 Konka Group Co.Ltd(000016) .93% 3.90% no

6 / 20 6 / 21 ruling of the people’s court

Total 15474049656.85% 13.10%

It is understood that the reason why the shares were auctioned is that the borrower did not repay the loan in strict accordance with the agreement, and the quality was not guaranteed

In order to protect their rights and interests, the obligee Zhongcheng Trust Co., Ltd. and the financing bank have

The notarized execution certificate of enforcement effect applied to Chengdu Intermediate People’s court for enforcement.

As of the date of the auction announcement, the share pledge loan had a principal of 113 million yuan and an interest of about 4000 yuan

Million yuan (the total principal and interest is about 153 million yuan) has not been returned.

(II) cumulative freezing or auction of shareholders’ shares

1. As of the disclosure date of the announcement, the cumulative frozen shares of the company held by the controlling shareholder:

Cumulative frozen cumulative marked total in the total held in the company shareholder name shareholding quantity shareholding proportion quantity

Number of shares proportion of total share capital

Li Renchao 27221118423.05% 272211184100.00% 23.05%

For details of the judicial freezing of the shares held by the controlling shareholder, see the company’s announcement on March 7, 2022

Announcement on judicial freezing of some shares of controlling shareholders (Announcement No.: 2022008).

2. As of the disclosure date of the announcement, the cumulative auction of the shares of the company held by the controlling shareholder:

The total number of shares auctioned and marked in total accounts for the total number of shares held in the name of shareholders of the company and the number of shareholding proportion

Number of shares proportion of total share capital

Li Renchao 27221118423.05% 0.00% 0.00%

2、 Other relevant instructions

1. The controlling shareholders do not infringe the interests of the listed company by occupying non operating funds, illegal guarantees, etc.

2. At present, the borrower and the controlling shareholder are actively communicating with the pledgee and relevant parties to strive for a better understanding before the shooting

Repay the loan and reach a settlement; The company will actively cooperate with the controlling shareholder to urge the borrower to repay the loan as soon as possible and strive to

Resolve the risks of share freezing and judicial auction, and minimize the adverse impact of share auction on the company,

Ensure the stability of the company’s production and operation and safeguard the legitimate rights and interests of listed companies and investors.

3. Up to now, the auction is still in the publicity stage, and the follow-up may involve bidding, payment and court execution

Procedures, equity change and transfer. During this period, if the borrower, the controlling shareholder and the pledgee and related parties reach a settlement, the auction procedure will be terminated immediately. The final auction transaction is uncertain. The controlling shareholder is not involved in the obligation of compensation for the company’s performance.

4. The company and the controlling shareholder are independent in terms of assets, business, finance, personnel, etc. At present, all production and operation activities of the company are carried out normally and orderly.

5. The company will continue to pay attention to the follow-up progress of the matters and fulfill the obligation of information disclosure in time according to the requirements of relevant rules and systems. China Securities News, Shanghai Securities News, securities times, securities daily and cninfo (www.cn. Info. Com. CN.) Designated information disclosure media for the company. All information of the company shall be subject to the information published in the above media. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

China Western Power Industrial Co.Ltd(002630) board of directors may 19, 2002

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