NBD AI Bulletin -- Lomon Billions Group Co., Ltd. (the Company, SZ 002601, closing price: 23.12 yuan) announced on the evening of July 15, 2020 that it received a notice from shareholder Ms. Li Ling, which says she recently reduced her stake in the company by 24.3426 million shares, exceeding 1% of the Company's total shares. On April 20, 2020, the Company disclosed that out of capital needs, Ms. Li Ling, who holds more than 5% of the Company's shares, planned to reduce her stake in the Company by no more than 122 million shares (6% of the Company's total share capital) by means of centralized bidding and block trading within 6 months after 15 tradings day following the date of the announcement. In specific, the number of shares to be reduced through centralized bidding and block trading shall not exceed 40.64 million and 81.28 million respectively.

NBD AI Review: The latest shareholding reduction announcement of Lomon Billions Group Co., Ltd., was issued on July 01, 2020, and its shares were up 6.53% on the following trading day. Lomon Billions Group Co., Ltd. has issued 15 such announcements in the past 12 months.

According to the 2019 annual report, Lomon Billions Group Co., Ltd. mainly engages in the chemical raw materials and chemical products, accounting for 97.71% of its revenue.

Lomon Billions Group Co., Ltd.'s president and chairman is Xu Gang, male, 57 years old, Chinese national, no permanent residence abroad, with a master's degree.

(By Tan Yuhan)

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