Lugang Culture (601599): The Shareholder Chen Hanhai Has Reduced 5.4 Million Shares And Plans To Continue To Reduce His Holding No More Than 12 Million Shares

On August 10, Lugang culture (601599. SH) announced that from July 24 to August 3, 2020, Chen Hanhai, a shareholder with more than 5% of shares, passively reduced 5.4 million shares of the company through centralized bidding, accounting for 0.6% of the total share capital of the company. At present, the passive reduction plan has been implemented. At present, Chen Hanhai holds 59405478 shares of the company's shares, accounting for 6.65% of the total shares of the company.

On August 10, 2020, the company received a notice from the shareholder Chen Hanhai that Chen Hanhai planned to reduce the company's shares by block trading or centralized bidding within 15 trading days from the date of disclosure of the announcement to December 31, 2020. The total number of shares to be reduced in this plan and the number of shares passively reduced in the previous period shall not exceed 2% of the total number of shares of the company.