Zhejiang Furun (600070): The Auction Of 7655700 Shares Held By General Manager Jiang Yougui Has Been Completed

Zhejiang Furun (600070. SH) announced that Jiang you, vice chairman and general manager of the company, had defaulted on share pledge financing, The 7655712 tradable shares (1.47% of the company's total share capital) held by it will be auctioned on Taobao judicial auction network platform of Xihu District People's Court of Hangzhou City, Zhejiang Province from 10:00 on December 13, 2021 to 10:00, December 14, 2021 (except for delay).

On December 14, 2021, Gao Lingyun, a natural person, won the auction target of "7655712 shares of Zhejiang Furun held by Jiang Yougui with the highest price on the judicial auction platform of taobao.com, and the auction transaction price was RMB 52600000.

On December 31, 2021, the company received the execution ruling (2021) zhe0106z No. 1906 and No. 1909 No. 3 sent by the people's Court of Xihu District, Hangzhou city. According to the execution ruling, the freezing of the above judicial auction shares and all waiting for freezing were lifted, and 7655712 shares of Zhejiang Furun held by Jiangyou were deducted to the name of Gao Lingyun, the buyer.

On January 7, 2022, the company received the confirmation of transfer registration of China securities registration and Clearing Co., Ltd. sent by the people's Court of Xihu District, Hangzhou city. Gao Lingyun won the auction bid of "7655712 shares of Zhejiang Furun held by Jiang Yougui with the highest price on Taobao judicial auction platform, and the transfer registration procedures have been completed.