Ocean King Lighting Corporation 5 or more shareholder mortgage to the bank

Ocean King Lighting Technology Co., Ltd. announced in the early morning of March 20 that the company’s legal person shareholders will hold more than 5 shareholding shares to the Industrial and Commercial Bank of China for financing. According to the announcement, on March 19, 2015, the company received the notice from Jiangsu Huaxi Group Co., Ltd., the legal person shareholder of the company: Jiangsu Huaxi Group Company pledged 23,625,000 shares of the company's directly-held shares of restricted shares to ICBC. Jiangyin Sub-branch Co., Ltd. is used for financing. Jiangsu Huaxi Group Co., Ltd. handled the equity pledge registration procedure at China Securities Depository and Clearing Co., Ltd. Shenzhen Branch on March 18, 2015. The pledge period is from March 18, 2015 to the pledgee's limited registration and settlement with China Securities. The liability company Shenzhen Branch handled the pledge registration. As of March 20, 2015, Jiangsu Huaxi Group directly held 23,625,000 shares of the company, accounting for 5.91 of the company's total shares, of which 23,625,000 shares were in pledge, all of which were for sale. Circulating shares; shares in the pledge state accounted for 100 of the total number of shares directly held by Jiangsu Huaxi Group Company, accounting for 5.91 of the total number of shares of the company.

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