Reply to inquiry letter of Rendong Holdings

On the evening of the 21st, Rendong Holdings (002647) disclosed the reply announcement to the Shenzhen Stock Exchange’s concern letter and the announcement of passive reduction at the same time. < / P > < p > in the announcement on Shenzhen Stock Exchange’s reply to the company’s concern letter, Rendong holdings made it clear that Chongzuo zhongshuo had no illegal behaviors such as short-term trading, insider trading, trading stocks in the regular report disclosure window after self-examination. At the same time, the real reason for Chongzuo zhongshuo’s establishment and the real reason for not disclosing more information also came to the surface. < / P > < p > at the same time, Rendong holdings disclosed the short form equity change report, which announced that Rendong (Tianjin) Technology Co., Ltd. (Tianjin Rendong) passively reduced its holdings of 4.0636 million shares, with a shareholding ratio of less than 5%. According to the calculation of the Securities Times reporter, this big probability has led to the change of owners of the fourth largest shareholder of Rendong holdings. On the evening of the 21st, Rendong holdings disclosed the short form equity change report. The business of Rendong (Tianjin) Technology Co., Ltd. (Tianjin Rendong) and its concerted actor Beijing Rendong Information Technology Co., Ltd. (Beijing Rendong information) in the securities company triggered the agreement of compulsory position closing terms, and the creditors took compulsory position closing measures to repay the debts, resulting in the loss of Tianjin Rendong and Rendong information The company’s shares were passively reduced by 1.72% without subjective intention. Among them, Tianjin Rendong passively reduced 4.0636 million shares, holding less than 5%. < / P > < p > according to the third quarterly report, among the top ten shareholders of Rendong holdings at that time, Rendong information, Tianjin Heyou, Jingji group and Tianjin Rendong held 23.49%, 8.63%, 6.94% and 5.27% shares of Rendong holdings respectively. According to today’s announcement, Tianjin Rendong’s shareholding ratio is less than 5%. If the former fifth largest shareholder Alashankou Minxin Equity Investment Co., Ltd. does not reduce its shareholding in the fourth quarter, it will become the fourth largest shareholder with a shareholding ratio of 5.04%. < / P > < p > the proportion of shares held by the controlling shareholder, Rendong information, declined. After Tianjin Rendong “abdicated” the fourth largest shareholder, the turbulent journey of shareholders camp caused by the decline of share price of Rendong holding may not be over. On December 16, Rendong holdings issued the pre disclosure announcement on the passive reduction of shares held by controlling shareholders and persons acting in concert. In view of the impact of stock price fluctuation, the maturity of two financing businesses and the potential risk of pledge default disposal, some shares held by Tianjin Rendong and its persons acting in concert may be forced to close out, and it is planned to pass the package in the next six months Including but not limited to centralized bidding, block trading and other ways, the total passive reduction of the company’s shares is not less than 6% of the total share capital. < / P > < p > according to the announcement tonight, Tianjin Rendong holds 25.41 million shares of Rendong holding, accounting for 4.54% of the total share capital of the listed company, of which 10.88 million shares are pledged, accounting for 42.81% of the share capital of the listed company. Ren Dong information, the person acting in concert, holds 125.92 million shares of the listed company, accounting for 22.49% of the total share capital of the listed company, of which 88.94 million shares are pledged, accounting for 70.63% of the share capital of the listed company. On December 14, Rendong holdings received a letter of concern from Shenzhen Stock Exchange. Rendong holdings disclosed its reply on the evening of the 21st. According to the company’s self-examination and relevant laws and regulations, Chongzuo zhongshuo, as a partnership established by the employees (including directors and senior executives) of the listed company, holds the shares of the listed company, which is legal and compliant and does not need to be disclosed. Through self-examination, Chongzuo zhongshuo has bought and sold Rendong holdings since its establishment. There are no short-term trading, insider trading, trading stocks in the regular report disclosure window and other illegal behaviors. How did Chongzuo zhongshuo come from? In the announcement, Rendong holdings also disclosed that its origin was related to the major shareholder Tianjin Heyou Technology Co., Ltd. At the beginning of 2019, the partners of Chongzuo zhongshuo learned that Tianjin Heyou Technology Co., Ltd., the major shareholder of the listed company, had made a stock pledge financing guarantee in Jinzhong Bank Co., Ltd., and the corresponding 200 million yuan loan was overdue at that time, which would trigger the default disposal of the listed company’s shares held by Tianjin Heyou Technology Co., Ltd. to be closed. In order to avoid the adverse impact of such closing positions on listed companies and safeguard the rights and interests of small and medium shareholders, and out of recognition of the value and future development prospects of listed companies, some directors and senior executives of listed companies jointly set up Chongzuo zhongshuo to restructure the loans corresponding to the stock pledge financing guarantee of Tianjin Heyou Technology Co., Ltd, In the form of undertaking debt, it acquired the shares of listed companies held by Tianjin Heyou Technology Co., Ltd. < / P > < p > although Chongzuo zhongshuo was jointly established by some directors and senior managers of listed companies, due to the regulations of the CSRC on the management of shares held by directors, supervisors and senior managers of listed companies and their changes, the shares held by directors, supervisors and senior managers of listed companies refer to all the shares of the company registered in their names; and Chongzuo zhongshuo’s existing partners are Lengshuijiang zhongshuo enterprise management partnership (limited partnership) and Lengshuijiang Ruijin Enterprise Management Consulting Co., Ltd., which are the main body of the listed company’s employees (including directors and senior executives) indirectly holding the shares of the listed company, not the direct shares of the directors and senior executives of the listed company. Therefore, Rendong holding believes that Chongzuo zhongshuo, as a partnership established by the employees (including directors and senior executives) of the listed company, holds the shares of the listed company, which is legal and compliant and does not need to be disclosed. < / P > < p > however, the time window for Chongzuo zhongshuo to buy and sell Rendong holdings is delicate. It not only avoids taking orders at a high level of the company’s share price, but also successfully realizes a large amount of timely cash out. According to the announcement, Chongzuo zhongshuo’s last purchase of shares of Rendong holdings occurred in March 2020, when the share price of Rendong holdings was around 20 yuan. Since then, the stock price of Rendong Holdings has continued to rise sharply, reaching a peak of more than 64 yuan. Chongzuo zhongshuo has not made any buying operation. < / P > < p > compared with buying, Chongzuo zhongshuo’s selling operation is more worth pondering. In late September 2020, Chongzuo zhongshuo sold 1.22 million shares of Rendong holdings at a transaction price of 55.36 yuan, which is the absolute high area of the company’s share price. < / P > < p > in addition, from November 23 to December 15, Chongzuo zhongshuo also sold shares of Rendong holdings. November 25 was the first day when the share price of Rendong holdings fell to the limit, which means that Chongzuo zhongshuo started a new round of position reduction operation in the time window period before the share price of Rendong holdings fell to the limit continuously. However, due to the stampede of the position reducers, although this operation “got up early”, it failed to realize completely. With the continuous unlimited decline of the company’s share price, the average reduction price of Chongzuo zhongshuo in November and December was 15.74 yuan, of which 4.8 million shares were sold passively on December 15. < p > < p > the purpose of this article is to convey more information, and it does not represent the views and positions of our website. The content of this article is for reference only, and does not constitute an investment proposal. Investors operate on this basis at their own risk.