Securities code: 600715 securities abbreviation: Cultural Investment Holdings Co.Ltd(600715) No.: 2022-007 Cultural Investment Holdings Co.Ltd(600715)
Announcement of abnormal fluctuations in stock trading
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.
Important:
Cultural Investment Holdings Co.Ltd(600715) (hereinafter referred to as “the company”) shares deviated from the closing price by more than 20% in two consecutive trading days on February 7 and 8, 2022, touching abnormal fluctuations; According to the company’s self inspection and verification with the controlling shareholder, up to now, the company and the controlling shareholder Beijing Wenzi Holding Co., Ltd. (hereinafter referred to as “Wenzi holding”) have no major events or important information that should be disclosed but not disclosed;
Bing dwen dwen, the company’s research and development, has been concerned about the recent Olympic Games in Beijing. The company’s licensed production and sales rights and interests are not exclusively authorized, and the sales of Winter Olympic derivatives is not the company’s main business. There is uncertainty about whether the future sales heat can continue. The impact of Winter Olympics related businesses on the final revenue and profit of the company still needs detailed statistics, and the impact on the performance is uncertain. Please refer to the financial data disclosed by the company;
Affected by the covid-19 epidemic, the recovery of the film and television industry is still under pressure, and the recovery of the company’s cinema business is still uncertain. On January 29, 2022, the company issued the announcement of Cultural Investment Holdings Co.Ltd(600715) 2021 annual performance loss forecast. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be – 500 million yuan to – 420 million yuan. Please pay attention to the relevant risks.
1、 Details of abnormal fluctuations in stock trading
On February 7 and 8, 2022, the cumulative deviation of the closing price of the company’s shares from the value for two consecutive trading days exceeded 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it touched the abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
(I) production and operation
After verification, as of the disclosure date of this announcement, the operation of each business segment of the company is stable, the production and operation activities are normal, and there is no significant change.
(II) major events
Up to now, the company, its controlling shareholders and related parties have not planned major events such as the company’s major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation and the introduction of strategic investors.
(III) for the recent market attention to the concepts related to the Beijing Winter Olympic Games, after verification, the relevant business conditions of the company are described as follows:
The company signed a contract in June 2021 to become a franchised manufacturer and distributor of Beijing 2022 Winter Olympic Games and winter Paralympic Games. Bing dwen dwen Bing dwen dwen Bing dwen dwen Bing dwen dwen, Bing dwen dwen, 24, including 15 types of ice badge sports ceramic badge, 2 ice block masks, 1 ceramic pendants, 1 ice cube pier elements, precious metal commemorative silver plaque products, 1 ice cream pier, Yuan Yuan handicraft commemorative badge set.
(IV) other sensitive information
After verification, the directors, supervisors, senior managers, controlling shareholders and persons acting in concert of the company did not buy or sell the company’s shares in violation of regulations during the period of abnormal stock fluctuations.
3、 Risk tips deemed necessary by the company
At present, there are 29 licensed manufacturers and 58 licensed retailers of Winter Olympics derivatives. The rights and interests of licensed production and sales obtained by the company are not exclusive authorization, and the sales of Winter Olympics derivatives is not the main business of the company. There is uncertainty about whether the sales heat can be sustained in the future. The impact of Winter Olympics related businesses on the final revenue and profit of the company still needs detailed statistics, and the impact on the performance is uncertain. Please refer to the financial data disclosed by the company.
Affected by the covid-19 epidemic, the recovery of the film and television industry is still under pressure, and the recovery of the company’s cinema business is still uncertain. On January 29, 2022, the company issued the announcement of Cultural Investment Holdings Co.Ltd(600715) 2021 annual performance loss forecast. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 will be – 500 million yuan to – 420 million yuan. Please pay attention to the relevant risks.
4、 Board statement
The board of directors of the company confirms that, except for the disclosure matters involved in part II above, there are no major matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented. The information publicly disclosed by the company is on the designated media and the website of Shanghai Stock Exchange (www.sse. Com. CN.) Subject to publication. Please invest rationally and pay attention to risks.
It is hereby announced.
Cultural Investment Holdings Co.Ltd(600715) board of directors February 9, 2022
