*ST East Network (002175.SZ): The company's management increase period expires Only Zhang Qun increased its holdings by 10,000 shares

On June 25, 2020, GELONGHUI announced that it previously disclosed that Zhang Qun, chairman and general manager of 002175.SZ the company's management, and Wang Songqi, secretary of the board of directors and deputy general manager, planned to increase their stake in the company within 6 months from December 25, 2020. Zhang Qun intends to increase his shareholding by not less than 3 million yuan and not more than 6 million yuan; Wang Songqi intends to increase his holdings by not less than 2 million yuan and not more than 4 million yuan. The price of the increase shall not exceed 1.2 yuan per share, and the method of increase includes but is not limited to collective auction and block trading.

As of June 25, 2021, Zhang Qun increased his holdings by 10,000 shares (accounting for 0.0013% of the company's total share capital), and the amount of the increase was 10,300 yuan, and Wang Songqi did not increase his holdings in the company's shares.

According to the letter sent by Zhang Qun and Wang Songqi to the company, since the implementation of the shareholding increase plan, due to the impact of the window restriction on the disclosure window of the company's performance forecast and performance express, the extension of the window period and other major events caused by the adjustment of the disclosure date of the 2020 annual report, and the stock price has continued to rise and far exceeded the price ceiling of 1.2 yuan / share in the increase plan, the increase in shareholding cannot be completed as scheduled. Zhang Qun and Wang Songqi apologized to the company and the majority of investors for various reasons for not being able to implement the shareholding increase plan as scheduled.

This article originated from Grand Gateway