Lukang Culture (601599): Resolution Of The Twenty-Seventh Session Of The Four Session Of The Board Of Directors

Stock Code: 601599, stock short: Lukang culture, Announcement No.: 2020-005

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Jiangsu Lukang culture Limited by Share Ltd

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Announcement of the twenty-seventh meeting of the Fourth Board of directors

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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.

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The twenty-seventh session of the Fourth Board of directors of Jiangsu Lukang culture Limited by Share Ltd (hereinafter referred to as "company") was held in the company conference room on March 10, 2020. The meeting should be attended by 9 directors and 9 directors. The meeting was presided over by Qian Wenlong, chairman of the board. Some of the supervisors and senior management of the company attended the meeting. The meeting was in accordance with the provisions of the People's Republic of China company law and the Jiangsu constitution of the Lukang Jiangsu.

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He passed the bill on temporarily returning the proceeds of the fund-raising and continuing to use part of the idle funds to temporarily supplement the working capital.

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As of March 9, 2020, the company's previous raised funds for supplementary liquidity have been returned in time and in full to the fund raising account.

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In order to strengthen the company's internal fund management and management, improve the efficiency of capital use, allocate the idle funds of the company reasonably and reduce the financial expenses, according to the regulatory requirements of the China Securities Regulatory Commission "listed companies' regulation No. second - the management and use of the funds raised by listed companies", and the management method of raising funds of Listed Companies in Shanghai Stock Exchange (2013) And other related provisions, the company decided to continue to use 116 million yuan of idle raised funds temporarily replenish the company's working capital, the use period is not more than 12 months from the date of deliberation and approval of the board of directors. The borrowing funds do not change the purpose of raising funds, and do not affect the normal operation of the investment plan for raising funds.

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For details, please refer to the motion on the Shanghai stock exchange website (www.sse.com.cn) on the return of the raised funds and the continued use of some idle funds to temporarily supplement the working capital. (announcement number: 2020-007).

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The result of voting: 9 votes, 0 votes and 0 abstentions.

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This is the announcement.

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Board of directors of Jiangsu Lukang culture Limited by Share Ltd

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March 10, 2020