Yulong Co., Ltd.: 3% of the company's shares held by Houye Technology intend to forcibly close the position

Yulong Co., Ltd. (601028) announced on the evening of February 24. The company recently learned that Bohai Securities has received an enforcement notice from the court to forcibly close part of the credit account shares held by Hainan Houai Technology Co., Ltd. (“Houai Technology”), a shareholder holding more than 5% of the company's shares in Bohai Securities. The proposed mandatory liquidation of no more than 23.4908 million shares, that is, no more than 3% of the company's total share capital. Up to now, it has been forced to close the position and reduce its holdings by 2.2111 million shares, accounting for 0.28% of the company's total shares.