Announcement on the Release and Re-Pledge of Shares by the Controlling Shareholder of Jilin Chemical Fiber Co., Ltd.
Jilin Chemical Fiber Co., Ltd. (hereinafter referred to as "the Company") recently received a notification from its controlling shareholder, Jilin Chemical Fiber Group Co., Ltd. (hereinafter referred to as "Chemical Fiber Group"), regarding the release of shares pledged to Jilin Bank Co., Ltd., Jilin Jiying Branch, and the re-pledge of these shares to Jilin Bank Co., Ltd., Jilin Branch. The specific matters are as follows:
1. Basic Information on the Release and Pledge of Shares
(1) Basic Information on the Release of Shares
| Shareholder Name | Is Controlling Shareholder or Largest Shareholder | Number of Shares Released (shares) | Proportion of Shares Held | Proportion of Total Share Capital | Pledge Start Date | Pledge Expiry Date | Pledgee |
|---|---|---|---|---|---|---|---|
| Chemical Fiber Group | Yes | 158,000,000 | 49.64% | 6.43% | 2022-02-08 | Until release date | Jilin Bank Co., Ltd., Jilin Jiying Branch |