Glonghui May 19 丨Shenwu Energy Saving (000820.SZ) announced that the company recently learned from Shenwu Technology Group Co., Ltd. (“Shenwu Group”), the controlling shareholder of the company, that Wuhan Jinghui Enterprise Management Consulting Co., Ltd. (“Wuhan Jinghui” for short) has applied to the Beijing First Intermediate People's Court (“Beijing First Intermediate Court”) to pay off the debt with 76,000,000 restricted shares of the company held by Shenwu Group (accounting for 31.85% of the company's shares held by Shenwu Group, accounting for 11.93% of the company's shares). As of the disclosure date of the announcement, the company had received an executive ruling from the Beijing First Intermediate Court, ruling to change the registration of 76 million restricted shares of the company held by Shenwu Group to the name of Wuhan Jinghui.

If the shares held by Shenwu Group are enforced this time, after Shenwu Group disclosed the “Simplified Equity Change Report” on May 21, 2021, the company's shares held by Shenwu Group will be reduced by a total of 76,000,000 shares, accounting for 11.93% of the company's total shares.

As of the disclosure date of the announcement, the company has yet to receive written materials from Wuhan Jinghui's judicial transfer. The company will promptly monitor the progress of this matter and urge Shenwu Group to fulfill its disclosure obligations. It is estimated that 76,000,000 shares will be transferred by judicial transfer this time, accounting for 11.93% of the company's total shares.