[Newsletter] Australia Shunchang Major Shareholders Transfer Shares, Dry Shareholders Increase The Company's Shares, Zhaochi, Liyade, Etc. Announced The Progress Of Share Buyback

- Feb 13, 2019-

Australia Shunchang Major Shareholder Transfer Shares

On the evening of February 1, Australian Ocean Shunchang issued an announcement that the company's controlling shareholder, Australasia Group, signed the "Share Transfer Agreement" on February 1, 2019, and plans to transfer 98.655,900 shares of the company(accounting for 10 % of the company's total share capital). The agreement was transferred to Green Wei Co., Ltd..

After the change of equity, the Australian Ocean Group held 219 million shares of the company, accounting for 22.22 % of the company's total share capital, of which the company's share voting shares were 219 million shares, accounting for 22.22 % of the company's total share capital. Green Wei Co., Ltd. holds 98.6559 shares of the company, accounting for 10 % of the company's total share capital, and holds more than 5 % of the company's shareholders. The change of equity does not involve the change of controlling shareholder and actual controlling person of the company. The controlling shareholder of the company is still Aoyang Group Co., Ltd., and the actual controller is still Mr. Shenxue.

Increase of shareholders 'shares in the company

Yesterday, Qianzhao Electric announced that on February 1, the company received a notice from the shareholder Fujian Zhuofeng on the increase of the company's shares. Fujianzhuofeng commissioned the establishment of the Guotong Trust and Zijin No. 15 Zhuofeng to increase the collection fund trust plan(hereinafter referred to as "Zijin 15 Trust Plan"). The trust funds under the trust plan are mainly used to invest in shares in the secondary market of dry photoelectricity. The Zijin 15 trust plan increased the company's shares through the Shenzhen Stock Exchange trading system centralized bidding method from January 31, 2019 to February 1, 2019. 13,397,803 shares, accounting for 1.862 % of the company's total share capital.

After the increase, Fujian Zhuofeng held 12,097,385 shares of the company's shares, accounting for 1.681 % of the company's total share capital, and Zijin 15 Trust held 13,397,803 shares of the company's shares, accounting for 1.862 % of the company's total share capital. Meanwhile, Fujian Zhuofeng Concerted Action Shenzhen Hejun Zhengde Asset Management Co., Ltd.-Zhengde Yuansheng Industrial Innovation and Structured Private Equity Fund, Shenzhen Hejun Zhengde Asset Management Co., Ltd.-Zhengdexin No. 1 Investment Private Equity Fund, Suzhou Hezheng Equity Investment Fund Management Enterprise(Limited Partnership) and Juxin Sheng No. 1 Fund A total of 110,000,000 shares of the company's shares are held, accounting for 15.286 % of the company's total share capital. In addition, according to the "China National Trust and Zijin No. 15 Zhuofeng Plus Collection Fund Trust Trust Fund Trust Contract", Zijin No. 15 Trust Plan is Fujian Zhuofeng. The concerted actor, The above five parties collectively hold 135,495,188 shares of the company, accounting for 18.829 % of the company's total 3 share capital, making it the company's largest shareholder.

Zhaochi, Infinet, and Liyade announce the progress of share repurchase

Yesterday, Zhaochi shares issued an announcement saying that the company decided to use its own funds or self-raised funds not less than RMB 200 million(including) and not more than RMB 400 million(including) to buy back shares of the company through centralized competitive trading. The repurchase price does not exceed RMB 2.5 / share(inclusive), The repurchased shares will be used for such other circumstances as are permitted by laws and regulations as employee shareholding plans or equity incentive plans, convertible corporate bonds issued by listed companies that can be converted into shares, or necessary to safeguard the value of the company and the rights and interests of shareholders, The term of repurchase of shares shall not exceed 12 months from the date of consideration and adoption of the repurchase plan by the shareholders 'assembly.

As of January 31, 2019, the company has not yet repurchased shares.

Infert announced that as of January 31, 2019, the company had accumulated 5,485,300 shares of shares purchased by centralized bidding trading, accounting for 2.7272 % of the company's total share capital before the implementation of the repurchase plan, with a maximum transaction price of 11.00 yuan. / Shares, the minimum transaction price is 9.54 yuan / share, The cumulative total value of transactions is 56,127,179.80 yuan(excluding transaction costs).

Liyade issued an announcement saying that as of January 31, 2019, the company had accumulated 19,863,777 shares of the company through the stock repurchase securities special account through centralized competitive trading, accounting for 0.78 % of the company's total share capital, and the highest transaction price was 7.90 yuan. / Shares, the minimum transaction price is 5.85 yuan / share, The total amount paid was $147,701,565.44(including transaction costs).