Henan Huaying Agricultural Development Co.Ltd(002321) : Performance Forecast of the company in 2021

Securities code: 002321 securities abbreviation: Henan Huaying Agricultural Development Co.Ltd(002321) Announcement No.: 2022-008 Henan Huaying Agricultural Development Co.Ltd(002321)

2021 annual performance forecast

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Expected performance of the current period

(I) performance forecast period: January 1, 2021 to December 31, 2021

(II) performance forecast:

1. The expected net profit is negative

2. The company’s stock trading has been warned of delisting risk

The same period of last year in the current fiscal year

Loss attributable to shares of listed companies: 220 million yuan – 290 million yuan

East’s net profit loss: 949413100 yuan, an increase over the same period last year: 131.72% – 205.45%

Deducting non recurring profit and loss: 80 million yuan – 120 million yuan

Net profit loss after: 878690200 yuan, an increase of – 8.96% – 36.57% over the same period of last year

Basic earnings per share loss: 4.1176 yuan / share – 5.4278 yuan / share loss: 1.7770 yuan / share

Operating income: 300 million yuan – 320 million yuan, 3125.5562 million yuan

After deduction, the operating income is 2950 million yuan – 3150 million yuan and 3077.3010 million yuan

The end of the current fiscal year and the end of the previous year

Owner’s equity of rmb1110 million – RMB160 million and rmb1561027100 attributable to shares of listed companies

2、 Communication with accounting firms

The performance forecast has not been audited by certified public accountants, but the two sides have made preliminary communication on major matters related to the performance forecast, and there are no major differences between the two sides.

3、 Explanation of performance change reasons

1. On December 22, 2021, Henan Xinyang intermediate people’s Court (hereinafter referred to as “Xinyang intermediate people’s court”) ruled to approve the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (hereinafter referred to as “reorganization plan”) and terminate the company’s reorganization procedures. The company entered the implementation stage of the reorganization plan. The implementation of the reorganization plan has significantly improved the company’s financial situation, As of December 31, 2021, the manager has received the restructuring investment of 755310561.96 yuan, and the restructuring investment has been paid in full. On the same day, the company took the total share capital of 534291100 shares as the base and increased the capital reserve by 29.92 shares per 10 shares, with a total of 1598598971 shares, Among them, 531963958 shares will be used to pay off the company’s debts in the form of debt repayment; 1066635013 shares will be conditionally transferred by the reorganization investor.

According to the implementation progress of the reorganization plan, the changes in the company’s operating performance during the reporting period are mainly due to the debt restructuring income in non recurring profits and losses, the proposed provision of asset impairment loss for non retained assets in the reorganization plan and other factors. Excluding the impact of this part, the net profit of the company after deducting non recurring profits and losses is still a loss, mainly due to the impact of factors such as liquidated damages, additional interest and penalty interest caused by overdue default of debt and the provision of some asset impairment losses.

4、 Risk tips

1. This performance forecast is the result of the preliminary estimation of the company’s financial department. The specific financial data of the company in 2021 shall be subject to the 2021 annual report disclosed by the company in the designated information media. Please pay attention to investment risks.

2. Xinyang intermediate people’s court has ruled to terminate the company’s reorganization procedure. At present, the company has entered the implementation stage of the reorganization plan. According to the relevant provisions of the enterprise bankruptcy law of the people’s Republic of China, during the implementation of the reorganization plan, if the company does not implement or cannot implement the reorganization plan, the company will be declared bankrupt. If the company is declared bankrupt, the company’s shares will face the risk of delisting according to paragraph (VI) of article 9.4.17 of the stock listing rules of Shenzhen Stock Exchange. 3. The company’s 2020 financial report has been audited by Asia Pacific (Group) accounting firm (special general partnership), which cannot express an opinion. If one of the following circumstances occurs in 2021, the listing of the company’s shares will be terminated according to article 9.3.11 of the Listing Rules: (I) the audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan; (II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; (III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions; (IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit; (VI) the withdrawal of delisting risk warning application was not approved by the exchange due to non-compliance with the provisions of article 9.3.7; 4. The information disclosure media designated by the company are China Securities News, securities times, Securities Daily, Shanghai Securities News and cninfo( http://www.cn.info.com.cn. ), all information of the company shall be subject to the announcement published in the above media.

It is hereby announced

Henan Huaying Agricultural Development Co.Ltd(002321) board of directors

January 29, 2002

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