Sichuan Shuangma controlling shareholder pledges 31 million shares

On November 10, Sichuan Shuangma announced that the controlling shareholder, Beijing Harmony Hengyuan Technology Co., Ltd. (Hereinafter referred to as Harmony Hengyuan), pledged 31 million shares of Sichuan Shuangma for the purpose of pledge loan, which accounted for 12.34% of its shares. The number of shares accounts for 4.06% of the total share capital of the Company, as shown in the following table:

Harmony Hengyuan holds 251 million shares of Sichuan Shuangma, accounting for 32.91% of the current total share capital of the Company. After this share pledge, Harmony Hengyuan has pledged 125 million shares of Sichuan Shuangma, accounting for 49.68% of its shareholding.

As of the date of this announcement, Harmony Hengyuan has pledged 124 million shares, the weighted average reference share price on the starting date of pledge is 23.15 yuan/share, the pledge warning line (estimated) is 19.45 yuan/share, and the pledge liquidation line (estimated) is 17.02 yuan/share. The closing price of the company on the latest trading day was 17.71 yuan per share, which was-23.50% higher than reference share price on the weighted average pledge starting date.