Zhitong Finance App News, Wanye Enterprise (600641.SH) announced that according to the previous announcement, the company disclosed circumstances such as Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd. (“Sanlin Wanye”), a shareholder holding 5% or more of the shares, who have illegally reduced the company's shares and apologized to the company and investors and promised to buy them back. On February 6, 2024, Sanlin Wanye received the “Decision on Ordering Corrective Measures against Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd.” (Shanghai Securities Regulatory Commission [2024] No. 56) issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission due to related matters. The details are now announced as follows:

“Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd.: After investigation, your company (unified social credit code: 91310000631417937W) has the following facts: July 31, 2020 to October 30, 2021, March 11 to September 6, 2022, January 14 to July 8, 2022, August 15, 2022 to February 10, 2023, and April 10, 2023 to October 6, 2023. Your company disclosed the holdings reduction plan five times and adopted a centralized bidding method Shares were reduced by 3.4 million shares, 7.205,700 shares, 17.9401 million shares, 9.7644 million shares, and 14.8.262 million shares, respectively, by 0.36%, 0.75%, 0.75%, and 1.59%, respectively. So far, the cumulative change in your company's shareholding ratio to listed companies has reached 5.57%. Your company did not stop trading when the cumulative change in shareholding ratio reached 5% of the listed company's shares, and did not promptly fulfill its reporting and announcement obligations in accordance with regulations. It was not until January 6, 2024 that it disclosed the equity change report on the above situation.

The above acts violate the relevant provisions of Article 13 (2) of the “Administrative Measures on Takeovers of Listed Companies” (Securities Regulatory Commission Order No. 166). According to the provisions of Article 75 of the “Administrative Measures on Acquisitions of Listed Companies”, our bureau has decided to take corrective administrative supervision measures against your company. Your company should take this as a warning, effectively strengthen the study of securities laws and regulations, prevent the recurrence of such irregularities, complete the rectification and submit a rectification report to our bureau within 30 days from the date of receipt of this decision.