Securities code: 300803 securities abbreviation: Beijing Compass Technology Development Co.Ltd(300803) Announcement No.: 2022-012 Beijing Compass Technology Development Co.Ltd(300803) about
Participating in the recruitment of investors for bankruptcy reorganization of Wangxin Securities Co., Ltd
Progress announcement
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.
Risk tip: Beijing Compass Technology Development Co.Ltd(300803) participate in the bankruptcy reorganization investment of Wangxin Securities Co., Ltd., and there is still uncertainty whether the company can be determined as the final reorganization investor. Please pay attention to the investment risk.
Beijing Compass Technology Development Co.Ltd(300803) (hereinafter referred to as "the company") held the 23rd Meeting of the 12th board of directors on January 29, 2022. The meeting deliberated and adopted the proposal on the company's payment of investment deposit to the manager of Wangxin Securities Co., Ltd.
1、 The company's participation in the recruitment and selection of investors in bankruptcy reorganization
In September 2021, the company signed up to participate in the recruitment and selection of investors for the bankruptcy reorganization of Wangxin Securities Co., Ltd. (hereinafter referred to as "Wangxin securities"). At present, the company has submitted application materials to the manager of wechat securities (hereinafter referred to as the "manager") in accordance with the requirements of the announcement of the manager of wechat Securities Co., Ltd. on public recruitment and selection of restructuring investors (hereinafter referred to as the "recruitment announcement") and paid an intention fee of RMB 50 million, Sign the confidentiality agreement with the manager, entrust an intermediary to carry out due diligence, accept the reverse due diligence of the manager, submit the reorganization investment plan and participate in the selection of reorganization investors.
For details, please refer to cninfo.com on September 18, 2021, October 26, 2021 and December 28, 2021（ http://www.cn.info.com.cn. ）The disclosed suggestive announcement on the recruitment of investors participating in the bankruptcy reorganization of Wangxin Securities Co., Ltd. (Announcement No.: 2021-049) and the announcement on the progress of the recruitment of investors participating in the bankruptcy reorganization of Wangxin Securities Co., Ltd. (2021-050, 2021-056).
2、 Progress
The company received the notice from the administrator that the second interim creditors' meeting of the bankruptcy reorganization case of Wangxin securities will be held on
Held on February 10, 2022, the main purpose of the meeting is to select restructuring investors and restructuring investment plans. According to the requirements of the manager, the intended restructuring investor shall remit the investment deposit to the manager's account on time, which is 20% of the total debt repayment amount of the company (including the intention deposit of 50 million yuan paid in the early stage, which will be automatically converted into investment deposit). Those who fail to pay the aforesaid deposit on time shall be deemed to have voluntarily withdrawn from the selection.
In order to ensure that the company will continue to participate in the selection of investors for bankruptcy reorganization of wechat securities, the company will pay them an investment deposit as required by the manager, which is 20% of the total debt repayment amount of the company (including the intention deposit of RMB 50 million paid in the early stage, which will be automatically converted into investment deposit).
If the company is determined as the final reorganization investor, the company will sign the reorganization investment framework agreement with it according to the requirements of the manager, and perform the corresponding decision-making procedures on this investment in accordance with the provisions of the articles of association.
3、 Risk tips
Up to now, the selection of restructuring investors of Wangxin securities has not been completed, and there is still uncertainty whether the company can finally become the final restructuring investor through selection. If the company is determined as the final reorganization investor, the company still needs to reach an agreement with the creditors of wechat securities on the bankruptcy reorganization plan and obtain the court's ruling and approval, which has great uncertainty.
The company will timely perform the corresponding approval procedures and information disclosure obligations according to the progress of the matter. Please pay attention to the investment risks.
It is hereby announced.
Board of directors
February 8, 2022
