Beijing Orient Landscape & Environment Co.Ltd(002310) may 20 announced that the pledgee Citic Securities Company Limited(600030) and other pledgees had defaulted on the disposal of some shares pledged by he qiaonu and his concerted actors, resulting in passive reduction of holdings, due to the failure of he qiaonu, the largest shareholder, to fulfill the obligations agreed in the stock pledge agreement. In the future, the pledgee will not rule out further compulsory closing of some shares held by he qiaonu and his concerted actors. Each pledgee shall close the position within 6 months after 15 trading days from the date of this announcement through centralized bidding transaction or other legal means, and within any continuous 90 natural days, the reduction of shareholding through centralized bidding transaction shall not exceed 1% of the total share capital of the company, and the reduction of shareholding through block transaction shall not exceed 2% of the total share capital of the company. As of May 19, 2022, he qiaonu held 631 million shares of the company, accounting for 23.50% of the total share capital of the company. The cumulative pledge of the company’s shares held by he qiaonu accounted for 99.99% of the total shares of the company held by him. The proportion of passive reduction of shares is small, which will not have a direct impact on the company’s operation or change the company’s control.
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