Stock Code: 002072 Stock Abbreviation: ST Kaier Announcement No.: 2020-L055
Kaierde Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Mr. Zhang Peifeng, a shareholder of the Company, is subject to judicial execution by the Guangzhou Intermediate People's Court due to a civil loan dispute involving Zhao Jun and others. A portion of the Company's stocks held by him has begun to be enforced judicially. For details, please refer to the Company's announcement on June 24, 2020, disclosed on the Giant Tide Information Network regarding the judicial execution of stocks held by a shareholder (Zhang Peifeng) with more than 5% holdings (Announcement No.: 2020-L054).
On June 24, 2020, the Company received notification that the brokerage department assisting in the judicial execution sold 654,000 shares held by Zhang Peifeng on June 23, 2020 (accounting for 0.3716% of the Company's total share capital). Due to an operational error, the same brokerage department also bought 99,000 shares of the Company through Zhang Peifeng's account on the same trading day (accounting for 0.0563% of the Company's total share capital). On June 24, 2020, the brokerage department sold a total of 908,000 shares of the Company (including the 99,000 shares bought due to the operational error on June 23), accounting for 0.5159% of the Company's total share capital. According to the Securities Law of the People's Republic of China and other relevant regulations, the aforementioned operations by the brokerage department assisting in the judicial execution resulted in short-term trading of the stocks held by Mr. Zhang Peifeng. Due to the judicial execution of the stocks, Mr. Zhang Peifeng's holdings have been reduced below 5%.
The specific details are announced as follows: