Securities code: 000835 securities abbreviation: * ST Changdong Announcement No.: 2022-012 Great Wall International Acg Co.Ltd(000835)
Announcement of abnormal fluctuations in stock trading
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、 Introduction to abnormal fluctuations in stock trading
Great Wall International Acg Co.Ltd(000835) (hereinafter referred to as “Great Wall animation” or “the company”) shares deviated from the closing price by – 12.83% for three consecutive trading days on January 26, 2022, January 27, 2022 and January 28, 2022. According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, it belongs to the abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
1. According to the company’s self-examination, the company did not find any significant information to be corrected and supplemented in the information disclosed in the early stage. 2. According to the company’s self-examination, the company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price in the recent public media reports.
3. According to the self inspection of the company, the company disclosed the performance forecast for 2021 (Announcement No.: 2022-008) on January 26, 2022. It is estimated that the net profit of the company in 2021 is negative, the operating income is less than 100 million yuan, and the net assets at the end of 2021 are negative. If the 2021 annual report of the company has any relevant circumstances specified in 9.3.11 of the stock listing rules (revised in 2022) of Shenzhen Stock Exchange, the listing of the company’s shares will be terminated after the disclosure of the 2021 annual report.
4. As of the date of disclosure, if there is no major event in the planning stage of the company that has not been disclosed or should not be disclosed, it is in the planning stage of the company.
5. The board of directors of the company sent the inquiry letter to the controlling shareholder continental Entertainment Co., Ltd. on the stock price change. Continental Entertainment Co., Ltd. issued a written explanation on the abnormal fluctuation of the stock transaction as follows: as of the date of reply to this inquiry letter, except for the disclosed matters, the company The actual controller does not have any planning, negotiation, intention, agreement, etc. related to the major matters that should be disclosed but not disclosed by your company, and there is no need to supplement or correct the matters disclosed in the early stage; During the period of abnormal fluctuation of your company’s shares, the company and the actual controller did not buy or sell your company’s shares.
3、 Whether there is a description of the information that should be disclosed but not disclosed
The board of directors of the company confirms that, in addition to the above matters, the company has no undisclosed matters or planning, negotiation, intention and agreement related to the matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange; The board of directors has not been informed that the company has undisclosed information that has a great impact on the trading price of the company’s shares and their derivatives that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Relevant risk tips
1. According to the company’s self-examination, the company does not violate the fair disclosure of information.
2. According to article 9.3.11 of the stock listing rules (revised in 2022) of Shenzhen Stock Exchange, If the annual report of the company in 2021 shows that “the net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million”, or “the net assets at the end of 2021 are negative”, or “the audit report with qualified opinions, unable to express opinions or negative opinions is issued in the financial and accounting report of 2021”, The company’s shares will be delisted after the disclosure of the 2021 annual report. The company solemnly reminds investors to invest rationally and pay attention to investment risks.
3. Up to now, there are still uncertainties about whether the company can successfully complete the pre-approval procedures necessary for pre reorganization and bankruptcy reorganization. There are also major uncertainties about whether the company can be accepted if it subsequently applies to the court for bankruptcy reorganization and whether the company can be ruled by the court to enter the reorganization procedures. It is expected that the company’s application to the court for pre reorganization and subsequent progress will not have a significant impact on the company’s annual financial data in 2021. Please pay attention to the relevant risks.
4. If the subsequent court formally accepts the company’s reorganization application, decides that the company enters the reorganization procedure, smoothly implements the reorganization and completes the reorganization plan, it will be conducive to optimizing the company’s asset liability structure and restoring the ability of sustainable operation; If the company fails to enter the reorganization procedure or the reorganization fails, the company will be at risk of being declared bankrupt. If the company is declared bankrupt, the company’s shares will face the risk of delisting.
5. No matter whether the company finally completes the reorganization process or terminates the listing, the company will fully maintain the daily production, operation and management, strive to restart and optimize animation, games and related businesses, continue to develop Internet data services and form a stable business model as soon as possible in accordance with the guidelines of the outline of the strategic development plan for the next five years (2021-2025), Promote the company to recover and enhance its sustainable operation ability as soon as possible, and realize the strategic goal of green, sustainable and high-quality development. The follow-up operation of Great Wall animation must be subject to the announcement officially disclosed by the company. Please invest rationally and pay attention to investment risks.
6. The company solemnly reminds investors of cninfo（ http://www.cn.info.com.cn. ）And China Securities Journal are the information disclosure media designated by the company. All information about great wall animation shall be subject to the official announcement published by the company in the above designated media. Please pay attention to the company’s announcement and pay attention to investment risks. It is hereby announced.
Great Wall International Acg Co.Ltd(000835) board of directors January 28, 2022
