Xinjiang Zhongtai Chenical Co.Ltd(002092) board of directors
Explanation on the company's stock price fluctuation failing to meet the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties
Xinjiang Zhongtai Chenical Co.Ltd(002092) (hereinafter referred to as "listed company" or "company") intends to purchase 75.89% shares of MEC Chemical Co., Ltd. (hereinafter referred to as "MEC chemical") held by some shareholders of Xinjiang MEC Chemical Co., Ltd. (hereinafter referred to as "MEC chemical") by issuing shares and convertible corporate bonds and raise supporting funds (hereinafter referred to as "this transaction").
In accordance with the provisions of article 128 of the CSRC document on the disclosure of information of listed companies (hereinafter referred to as "CSRC Document No. 128"), "If the stock price of a listed company rises or falls by more than 20% within 20 trading days before the release of sensitive and important information of stock price, excluding the influence of market factors and industry sectors, the listed company shall fully prove that there is no insider trading behavior such as insiders and immediate family members when filing an application for administrative license with the CSRC. The stock exchange shall deal with the stock price of the company Conduct special analysis on whether there are abnormal behaviors in stock trading before the release of sensitive and major information, and report to the CSRC. The CSRC may investigate the share price changes of listed companies, and will suspend the examination of the administrative license application of listed companies during the investigation period. The board of directors of the company conducted a self-examination on the fluctuation of stock price before the release of sensitive information of stock price in this major asset restructuring, which is explained as follows:
In order to safeguard the interests of investors and avoid significant impact on the company's share price, the company applied to Shenzhen Stock Exchange, and the trading of the company's shares (Securities abbreviation: Xinjiang Zhongtai Chenical Co.Ltd(002092) , securities code: 002092. SZ) will be suspended from the opening of the market on January 17, 2022. The interval of 20 trading days before the company applied for suspension is from December 17, 2021 to January 17, 2022, The cumulative rise and fall of the company's stock (002092. SZ), Shenzhen Composite Index (399001. SZ) and CSRC chemical index (883123. WI) in this interval are as follows:
The project closed on December 17, 2021 and closed up and down on January 14, 2022
Offer price
Xinjiang Zhongtai Chenical Co.Ltd(002092) （002092.SZ） 9.91 10.68 7.77%
399001.sz SZSE index 14867.55 14150.57 - 4.82%
883123.wi CSRC chemical index 5667.08 5419.59 - 4.37%
Excluding the influence of market factors, the increase (%) -- 12.59%
Excluding the influence of industry sector factors, the increase (%) -- 12.14%
Data source: wind information
The company's stock price rose or fell by 7.77% 20 trading days before the announcement of the suspension of the company's planning for major asset restructuring. Excluding the influence of market factors (Shenzhen Composite Index), the cumulative rise and fall of the company's stock price in this range is 12.59%; Excluding the influence of the same industry sector factors (chemical products index of CSRC), the cumulative rise and fall of the company's stock price in this range was 12.14%, which did not meet the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties (Zheng Jian Gong Si Zi [2007] No. 128). To sum up, the cumulative rise and fall of the company's share price within 20 trading days before the announcement of the price sensitive information of the restructuring share price did not exceed 20%, which did not meet the standard specified in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties (Zheng Jian Gong Si Zi [2007] No. 128).
It is hereby explained.
Xinjiang Zhongtai Chenical Co.Ltd(002092) board of directors February 7, 2002
