Securities code: 002776 securities abbreviation: St Bailong Announcement No.: 2022-005 Guangdong Bobaolon Co.Ltd(002776)
Suggestive announcement on the progress of other risk warning related matters in the company’s shares
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.
Special tips:
1. Guangdong Bobaolon Co.Ltd(002776) (hereinafter referred to as “the company”) has been subject to other risk warnings since April 8, 2021 in accordance with Article 13.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020) due to illegal external guarantee.
2. As of the disclosure date of this announcement, the company’s illegal guarantee has not been properly solved, and there is a risk that it is unable to recover the deducted funds and relieve the guarantee liability in time.
1、 Reasons for implementing other risk warnings:
1. The company illegally provided 470 million yuan of bank financial products as pledge guarantee for supplier loans. According to Article 13.3 of the stock listing rules (revised in 2020), this event triggered the corresponding situation of “other risk warnings for the shares of listed companies”.
2. The company has an internal control assurance report with negative opinions issued in the last year. According to the relevant provisions of article 13.3 of the stock listing rules, the company’s shares will be superimposed with other risk warnings. For details, please refer to the announcement on the superimposed implementation of other risk warnings on the company’s shares (Announcement No.: 2021-020) disclosed by the company on April 30, 2021.
2、 Solutions and progress
As of the disclosure date of this announcement, the balance of the above illegal guarantee is 470 million yuan, of which 410 million yuan has been deducted by Haikou United Rural Commercial Bank due to the performance of the guarantee responsibility, and the remaining 60 million yuan is currently frozen by Guangzhou Tianhe people’s court. Haikou intermediate people’s Court of Hainan Province has accepted the deduction case of 120 million yuan of financial products
No.: (2021) Qiong 01 minchu No. 108-109, and the trial will be held on June 15, 2021. The company will continue to pay attention to the progress of the above matters and fulfill the obligation of information disclosure in time.
As for the company’s illegal use of 470 million yuan of bank financial products to provide pledge guarantee for supplier loans, the solutions are as follows:
(1) The company relieves the guarantee liability through judicial means and recovers the deducted funds from the bank.
(2) The company actively urges the guaranteed party to fulfill its repayment obligations.
(3) The actual controller of the company promises to make up for the company’s losses caused by the guarantee with its own assets.
3、 Risk tips
According to Article 13.7 of the Listing Rules of Shenzhen Stock Exchange (revised in 2020), the company will issue a prompt announcement once a month to disclose the progress of the above matters in time. Please pay attention to the follow-up announcement of the company and pay attention to the investment risk.
It is hereby announced.
Guangdong Bobaolon Co.Ltd(002776) board of directors
February 8, 2022
