Securities code: 603988 securities abbreviation: Sec Electric Machinery Co.Ltd(603988) Announcement No.: pro 2022-004 Sec Electric Machinery Co.Ltd(603988) announcement of abnormal fluctuations in stock trading
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Sec Electric Machinery Co.Ltd(603988) (hereinafter referred to as "the company") shares traded on January 25, January 26 and January 27, 2022. The daily closing price decline deviation value has reached 20% in total within three consecutive trading days. According to the relevant provisions of the stock trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
Through self-examination and verification by sending a letter to the controlling shareholders of the company, as of the date of this announcement, there are no major matters that should be disclosed but not disclosed involving the company.
1、 Details of abnormal fluctuations in stock trading
The daily closing price of the company's stock trading has fallen by 20% in three consecutive trading days on January 25, January 26 and January 27, 2022. According to the relevant provisions of the stock trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company's shares, the company has checked the relevant matters and sent a letter to the controlling shareholder for verification. The relevant information is explained as follows:
(I) production and operation
According to the self inspection, the company's production and operation activities are carried out normally and orderly, and the internal and external business environment has not changed significantly.
(II) major events
On September 25, 2021, the company disclosed the report on Sec Electric Machinery Co.Ltd(603988) major asset replacement and issuance of shares to purchase assets and raise supporting funds and related party transactions (Draft). On January 26, 2022, the company disclosed the announcement on the progress of Sec Electric Machinery Co.Ltd(603988) restructuring transaction involving spin off approval. Due to the failure to obtain the approval of Hong Kong stock exchange for this spin off, the preconditions of this major asset restructuring transaction will not be reached, and there is a risk of termination of this major asset restructuring transaction.
According to the approval of the spin off application, the company will actively negotiate with all parties to the transaction, perform relevant approval procedures and timely disclose information in accordance with the provisions of relevant laws and regulations. The company invites investors to invest rationally and pay attention to investment risks.
Through self-examination and verification by letter to the controlling shareholder of the company, there are no major matters that should be disclosed but not disclosed involving the company, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major matters.
(III) media reports, market rumors and hot concepts
After verification by the company, there are no media reports or market rumors that need to be clarified or responded that have an impact on the trading price of the company's shares, nor does it involve the concept of market hot spots.
(IV) other stock price sensitive information
After verification by the company, the controlling shareholders, directors, supervisors and senior managers of the company did not buy or sell the company's shares during the abnormal fluctuation of the company's stock trading, and there were no other major events that may have a great impact on the company's share price.
3、 Board statement
The board of directors of the company confirms that, in addition to the above matters, the company has no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules or the planning, negotiation, intention and agreement related to the matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company's shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Other tips
The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. The company solemnly reminds investors that the company's information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in Shanghai Securities News, the information disclosure media designated by the company. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Sec Electric Machinery Co.Ltd(603988) board of directors January 28, 2022
