Securities code: 600777 securities abbreviation: Shandong Xinchao Energy Corporation Limited(600777) Announcement No.: 2022-004 Shandong Xinchao Energy Corporation Limited(600777)
Announcement on receiving the inquiry letter from Shanghai Stock Exchange
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. Shandong Xinchao Energy Corporation Limited(600777) (hereinafter referred to as "the company") received the inquiry letter on matters related to the progress of Shandong Xinchao Energy Corporation Limited(600777) litigation (szgh [2022] No. 0113, hereinafter referred to as "the inquiry letter") from the supervision department of listed companies of Shanghai Stock Exchange on February 7, 2022. Now the contents of the inquiry letter are announced as follows: " Shandong Xinchao Energy Corporation Limited(600777) :
In November 2020, Guangzhou Rural Commercial Bank Co., Ltd. sued a number of companies and natural persons including the company for loan default. Our department issued the supervision letter on Shandong Xinchao Energy Corporation Limited(600777) related litigation matters (szgh [2021] 0229) to the company on litigation matters. Today, the company disclosed the results of the first instance judgment of the above litigation. The court of first instance ordered the company to bear compensation liability for half of the unliquidated debts of Huaxiang investment within the range of 1.586 billion yuan, and to bear case acceptance fees and property preservation fees within the range of 7.98 million yuan. In accordance with the relevant provisions of article 13.1.1 of the stock listing rules of the exchange, the company is requested to further verify and disclose the following matters.
1. When replying to the work letter of our department in the early stage, the company said that after querying the archives and seal records, it did not find the original or copy of the balance replenishment agreement and the seal records of relevant legal documents and letters, and the relevant agreements were not submitted to the board of directors and the general meeting of shareholders for deliberation and approval. Please disclose whether the verification results of the above matters have changed. If there is such an agreement, please explain the signing background, signing time, signatory, agreement content, main responsible person and other information of the agreement.
2. When replying to the work letter of our department in the early stage, the company said that the authenticity of the company seal stamped on the balance replenishment agreement was in doubt. According to the judgment of the first instance, after judicial appraisal, the company seal stamped on the balance replenishment agreement is the true seal. The company is requested to conduct a comprehensive self-examination and disclose its own creditor's rights, debts, guarantees and estimated liabilities, and verify whether there are other undisclosed external guarantees, related capital transactions, transaction arrangements, etc. At the same time, explain that the company has taken internal control rectification measures after the above events, and how to avoid the recurrence of such events.
3. According to the disclosure, the court of first instance found that the "balance replenishment agreement" was an atypical guarantee in nature, but the "balance replenishment agreement" was invalid. The company did not need to bear the guarantee liability, but should bear the liability for compensation for half of the debtor's debts. Please explain whether the company's performance of relevant compensation liabilities will have a significant adverse impact on the company's production and operation, financial status and cash flow, and fully remind the relevant risks.
4. Please explain what legal measures will be taken to protect the rights and interests of small and medium-sized companies.
All directors, supervisors and senior managers of the company shall attach great importance to and implement the relevant requirements of this inquiry letter, and actively take effective measures to safeguard the legitimate rights and interests of listed companies and minority shareholders. Please make disclosure immediately after receiving this inquiry letter, and reply and disclose within five trading days. "
The information disclosure media designated by the company are Shanghai Securities News, China Securities News, securities times, Securities Daily, economic information daily and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information about the company is subject to the information disclosed by the company in the above designated media. Please pay attention to the company's announcement and pay attention to the investment risk.
It is hereby announced.
Shandong Xinchao Energy Corporation Limited(600777)
Board of directors
February 8, 2022
