Laramie Pharmaceutical: Shareholder Qiu Yu has overdue pledge, Guohai Securities intends to reduce its shareholding by no more than 1%

Lai Mei Pharmaceutical Industry announcement, shareholder Qiu Yu, who holds more than 5% of the shares, holds 1.11 billion shares of the company, accounting for 10.48% of the total share capital. Due to the default of the repurchase debt, Guohai Securities intends to continue to dispose of its 54 shares through centralized bidding according to the court's "Execution Assistance Notice". The reduction period shall be within 3 months from the date of announcement disclosure, and the number of consecutive 90 natural days of reduction shall not exceed 1% of the total number of company shares.