Shanghai Dasheng Agriculture Finance Technology Co. Ltd.

12/20/2017 | Press release | Distributed by Public on 12/20/2017 09:13

Announcements and Notices - [Charging or Pledging of Shares by Shareholder / Inside Information] INSIDE INFORMATION RELEASE OF SHARES PLEDGED BY ZHENJIANG RUNDE [2017-12-20]

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 1103)

INSIDE INFORMATION

RELEASE OF SHARES PLEDGED BY ZHENJIANG RUNDE

This announcement is made by Shanghai Dasheng Agriculture Finance Technology Co., Ltd. (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 5 December 2016 (the "Announcement") in relation to the pledge of all of Zhenjiang Runde's then shareholding in the Company as security for a loan granted by a third party, for its own use. Capitalized terms used in this announcement shallhave the same meanings as defined in the Announcement, unless the context otherwise requires.

Zhenjiang Runde has notified the Board on 20 December 2017 that 980,986,460 domestic shares ofthe Company which were previously pledged have been released and the relevant procedures for the release of the pledge were completed on 20 December 2017.

As at the date of this announcement, Zhenjiang Runde is a substantial shareholder of the Company,holding 1,530,986,460 domestic shares of the Company which represent approximately 17.73% of thetotal issued share capital of the Company.

By Order of the Board

Shanghai Dasheng Agriculture Finance Technology Co., Ltd.

Lan Huasheng

Chairman

Shanghai, PRC, 20 December 2017

As at the date of this announcement, the Board comprises three executive directors: Mr. Lan Huasheng, Mr. Mo Luojiang and Mr. Wang Liguo; one non-executive director: Mr. Zhu Tianxiang; and three independent non-executive directors: Mr. Chung Cheuk Ming,

Mr. Yang Gaoyu and Mr. Zhou Jianhao.