Securities code: 300004 securities abbreviation: Nanfang Ventilator Co.Ltd(300004) Announcement No.: 2022-003 Nanfang Ventilator Co.Ltd(300004)
Announcement on the progress of the implementation of the settlement agreement of the wholly-owned subsidiary
The company and all members of its board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
1、 Basic information
In January 2019, Guangdong Nanfeng Investment Co., Ltd. (hereinafter referred to as “Nanfeng investment”), a wholly-owned subsidiary of Nanfang Ventilator Co.Ltd(300004) (hereinafter referred to as “the company”), was involved in disputes over equity transfer with Xinjiang jiruixiang Energy Co., Ltd. (hereinafter referred to as “jiruixiang energy”), Xinjiang jiruixiang Technology Co., Ltd., Xinjiang Silk Road Lianzhong new energy Co., Ltd. and Jixiang, Filed a lawsuit with Foshan intermediate people’s court. In February 2021, the higher people’s Court of Guangdong Province made a final judgment on the above case.
In December 2021, after the deliberation and approval of the 14th meeting of the Fifth Board of directors of the company, Nanfeng investment signed the implementation settlement agreement with Ji Ruixiang energy on the above equity transfer disputes.
The specific contents of the above matters are detailed in the relevant announcements of the company published on cninfo.com, the information disclosure media designated by the CSRC on January 7, 2019, December 20, 2019, January 9, 2020, February 22, 2021 and December 31, 2021.
2、 Progress in the implementation of the settlement agreement
1. According to the agreement on the implementation of the settlement agreement, Ji Ruixiang energy and others shall pay 10 million yuan for the second phase of equity transfer before January 31, 2022, and the company received part of 1.1 million yuan for the second phase of equity transfer on January 30, 2022. As of the date of this announcement, Ji Ruixiang energy and others have paid a total of 21.5648 million yuan for equity transfer and litigation related expenses.
Subsequently, the company will step up communication with Ji Ruixiang energy and take measures through judicial channels to urge the remaining payment to be completed as soon as possible.
2. As of the date of this announcement, according to the notice on registration of equity pledge establishment issued by the market supervision and Administration Bureau of Changji national agricultural science and Technology Park [(changnongke city Jiannei) registration Shezi [2022] No. 1], Changji jiruixiang Fujia Real Estate Development Co., Ltd. has gone through the pledge registration procedures of pledging 100% equity of Xinjiang Xianghe Longtai Real Estate Co., Ltd. to Nanfeng investment according to law; According to the notice on registration of equity pledge establishment issued by Dabancheng district market supervision and Administration Bureau of Urumqi [(Wuda) registration szz [2022] No. 1], Zhongxin Ruijing Cultural Tourism Group Co., Ltd. has gone through the pledge registration procedures for pledging 100% equity of Xinjiang Dabancheng West Gecheng Cultural Tourism Industrial Park Co., Ltd. to Nanfeng investment in accordance with the law.
3、 Impact on the company
The settlement payment received by Nanfeng investment is expected to have a positive impact on its profit in 2022. The specific data are subject to the audit results of the company’s audit institution.
At present, there is still uncertainty risk in the payment of the remaining agreed amount in the implementation settlement agreement. Nanfeng investment will continue to urge the settlement party to perform its agreed obligations in time, and recover it through legal means if necessary, so as to effectively safeguard the legitimate rights and interests of all investors.
The company will continue to pay attention to the follow-up progress of the above matters and fulfill the disclosure obligation in time. The information disclosure media designated by the company are cninfo.com and Shanghai Securities News. All information of the company shall be subject to the announcement published in the above designated media. Please invest rationally and pay attention to risks.
It is hereby announced.
Nanfang Ventilator Co.Ltd(300004) board of directors
February 9, 2002
