Indicative Announcement of Liaoning Fuan Heavy Industry Co., Ltd. on the Non-public Issuance of Exchangeable Corporate Bonds by the Company’s Controlling Shareholder to Partial Release of Guarantee_Special Account_Fuan_Holding

Original title: Liaoning Fuan Heavy Industry Co., Ltd. Announcement on the Proposed Partial Release of Guarantee by the Company’s Controlling Shareholder’s Non-public Issuance of Exchangeable Corporate Bonds

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.

On June 10, 2020, Liaoning Fuan Heavy Industry Co., Ltd. (hereinfollowing referred to as “Fuan Shares” or “Company”), the controlling shareholder, Fuan Holdings Co., Ltd. (hereinfollowing referred to as “Fuan Holdings”) issued Fuan Holdings Co., Ltd. 2020 Annual non-public issuance of exchangeable corporate bonds (the first tranche) (hereinfollowing referred to as “the bond”), the bond size is 500 million yuan, and the bond term is 2 years. Fuan Holdings transferred its 70 million shares of Fuan Shares (603315) and its dividends to the Fuan Holdings-Caitong Securities-20 Fu01EB Guarantee and Trust Property Account (hereinfollowing referred to as the “special account”), Provide a guarantee for the repayment of the principal and interest of this bond.

On June 13, 2022, the company received a notice from Fuan Holdings that the bond has been redeemed and delisted on June 10, 2022. Fuan Holdings intends to release 70 million guaranteed shares. After the release of the guarantee, the 70 million shares in the special account will all be transferred to the general account of Fuan Holdings.

Before the implementation of the guarantee release, Fuan Holdings held 106,302,800 shares of Fuan, of which 70,000,000 shares were deposited in a special account and 8,000,000 shares were used for stock pledge repurchase. The total number of pledged and guaranteed shares reached 78,000,000 shares. , accounting for 25.40% of the company’s total share capital. The number of shares released this time is 70,000,000 shares, accounting for regarding 22.80% of the company’s total share capital. After the release of the guarantee, the total number of pledged and guaranteed shares of Fuan Holdings dropped to 8 million shares, accounting for 2.61% of the company’s total share capital.

Special announcement.

Liaoning Fuan Heavy Industry Co., Ltd.

Board of Directors

June 14, 2022Return to Sohu, see more

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