Yango Group Co.Ltd(000671) : Yango Group Co.Ltd(000671) suggestive announcement on passive reduction of shares held by controlling shareholders

Securities code: 000671 securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022-012

Yango Group Co.Ltd(000671)

Suggestive announcement on passive reduction of shares held by controlling shareholders

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, complete and free from falsehood

Records, misleading statements or major omissions.

Recently, Yango Group Co.Ltd(000671) (hereinafter referred to as "the company") received a letter from Dongfu, the holding stock of the company

Jian Sunshine Group Co., Ltd. (hereinafter referred to as "Sunshine Group") and the controlling shareholder acting in concert, Fujian Kangtian

According to the notice of Industrial Group Co., Ltd. (hereinafter referred to as "Kangtian industry"), it is learned that sunshine group and Kangtian industry

As the proportion of guarantee maintained in some accounts is lower than the closing line, it will be released from December 7 to December 10, 2021

Passively reduce 41403800 shares of the company through centralized bidding, accounting for 0.99% of the total share capital of the company,

The relevant information of this passive reduction is as follows:

1、 Basic information of this share change

1. Passive reduction of shareholders

Name of shareholder relationship date number of shares in trading direction unit price

The controlling shareholder of sunshine group passively reduced 16629300 3.11 on December 7, 2021

The concerted action of the controlling shareholders of Kangtian industry passively reduced 9884200 3.11 on December 7, 2021

The concerted action of the controlling shareholders of Kangtian industry passively reduced 6934400 3.1 on December 9, 2021

The person acting in concert by the controlling shareholders of Kangtian industry passively reduced 5072200 3.1 on December 10, 2021

The controlling shareholder of sunshine group passively reduced 2883700 3.14 on December 10, 2021

2. Shareholding of shareholders before and after passive reduction

Shares held before this reduction and shares held after this reduction

Name of shareholder and nature of shares

Proportion of shares (shares) to total share capital proportion of shares (shares) to total share capital

(%) (%)

Sunshine Group holds 694807364 shares 16.78% and 675294364 shares 16.31%

Dongfang Xinlong holds a total of 63094097 shares of 15.24%

Kangtian industry holds 411785923 9.95% shares in total 389895123 9.42%

Total / 1737534234 41.97% 1696130434 40.97%

2、 Relevant risk tips

1. The reduction of holdings through centralized bidding is the passive reduction of holdings by sunshine group and persons acting in concert

The group and the persons acting in concert have been actively communicating and coordinating with the creditors, and carried out debt extension and

Fund raising and other relevant measures to reduce the adverse impact of this passive reduction of shares.

2. This passive reduction will not have a material impact on the corporate governance structure and sustainable operation, nor will it be directly affected

Resulting in change of control of the company.

3. The company will continue to pay attention to the share changes of sunshine group and persons acting in concert and urge them to strictly abide by them

Securities law, listing rules of Shenzhen Stock Exchange, rules for listed companies of Shenzhen Stock Exchange

Fan Yunzuo's guidelines, several provisions on the reduction of shares held by shareholders, directors, supervisors and senior executives of listed companies, Shenzhen Securities Exchange

Detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of the exchange and other relevant laws

Regulations and normative documents, and timely perform the obligation of information disclosure. Please invest rationally,

And pay attention to investment risks.

It is hereby announced.

Yango Group Co.Ltd(000671)

Board of directors

January 18, 2022

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