Lugang Culture (601599): Due To The Default Of Stock Pledge, The Shareholders Intend To Passively Reduce Their Shares Of No More Than 2%

Lugang culture (601599) announced after hours on November 17 that due to the stock pledge type repurchase transaction conducted by Chen Hanhai and Soochow securities triggered the default clause in the agreement again, the creditor, Soochow securities, intends to reduce part of the Pledged Shares by means of centralized bidding trading. This passive share reduction plan will not exceed 17.85 million shares, accounting for 2% of the company's total share capital, and the reduction will be carried out after 15 trading days 。 At present, Chen Hanhai holds 55.43 million shares of the company, accounting for 6.21% of the company's total share capital.