Lukang Culture (601599): The Actual Controller Will Be Changed To Zhejiang Provincial Department Of Finance

Glonghui (601599. SH) announced that on July 10, 2020, Zhejiang Cultural Industry Investment Group Co., Ltd. (Zhejiang wentou) signed the investment framework agreement on Jiangsu Lugang Culture Co., Ltd. with the company, Qian Wenlong and Miao Jinyi. At the same time, Qian Wenlong, the actual controller of the company, and Miao Jinyi, the main shareholder of the company, signed the investment framework agreement with Zhejiang wentou According to the entrustment agreement on voting rights of Jiangsu Lugang Culture Co., Ltd. between Wenlong, Miao Jinyi and Zhejiang Cultural Industry Investment Group Co., Ltd., Qian Wenlong and Miao Jinyi entrusted the voting rights corresponding to 118923722 shares and 47499404 shares of the listed company held by them to Zhejiang wentou respectively.

If the equity change is completed successfully, the controlling shareholder and actual controller of the company will be changed. The controlling shareholder of the company will be changed from Qian Wenlong to Zhejiang wentou, and the actual controller will be changed from Qian Wenlong to Zhejiang Provincial Department of finance;

After the voting power entrustment agreement is approved by the relevant state-owned assets management department, Zhejiang wentou, as the controlling shareholder, subscribes 267817489 shares of the company's non-public offering in cash.

On July 13, 2020, the company applied to Shanghai Stock Exchange to resume trading.