Stock Code: 601599 securities short: Lukang cultural Announcement No.: 2019-005

Jiangsu Lukang culture Limited by Share Ltd

Announcement on the lifting and pledge of shareholders' shares

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

In January 28, 2019, the Jiangsu Lukang culture Limited by Share Ltd (hereinafter referred to as "company" or "our company") received a notice from Mr. Chen Hanhai, a shareholder of the company, that he had partially lifted the shares held by the company and continued to handle the supplementary pledge of the stock pledge repurchase paction.

I. the specific circumstances of lifting the pledge of shares.

Mr. Chen Hanhai took up and mortgaged 4 million 500 thousand shares of the company's unlimited sale of tradable shares of Limited by Share Ltd, China Galaxy Securities Company, and took out the pledge procedure. The lifting of the pledge shares accounted for 6.94% of the total number of shares held by the company, accounting for 0.50% of the total number of shares of the company.

Two, the specific circumstances of the continued pledge of shares.

Mr. Chen Hanhai added 4 million 500 thousand shares of the company's unlimited tradable shares, accounting for 0.50% of the total shares of the company, accounting for 6.94% of the shares of the company's shares. It was supplemented to the Limited by Share Ltd of Soochow securities. The initial trading date was January 25, 2019, and the repurchase date was June 6, 2019.

Three. Capital reimbursement capability and related arrangements

The pledge of shares is a supplementary pledge for early share pledge, and does not involve additional financing arrangements.

Mr. Chen Hanhai's credit standing is in good condition. There is no possibility of a risk of liquidation or forced liquidation. If there is a risk of liquidation, a positive response will be taken, including, but not limited to, early repayment and supplementary pledge. The risk of this pledge is within the controllable range.

As of the date of this announcement, Mr. Chen Hanhai held 64 million 805 thousand and 478 shares of the company, accounting for 7.26% of the total shares of the company, and Mr. Chen Hanhai accumulated 64 million 800 thousand shares of the company's shares, accounting for 99.99% of the shares held by his company, accounting for 7.26% of the total shares of the company.

If there are other major changes in the above pledge, the company will disclose it in time in accordance with the relevant provisions.

Notice hereby.

Jiangsu Lukang culture Limited by Share Ltd board of directors

January 28, 2019