Securities code: 002464 securities abbreviation: Whole Easy Internet Technology Co.Ltd(002464) Announcement No.: 2022-013 Whole Easy Internet Technology Co.Ltd(002464)
Announcement of abnormal trading of stocks
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. At present, the company has production and operation risks, liquidity risks, financial risks, major litigation risks, market operation risks and delisting risks;
2. At present, the company has entered the pre reorganization procedure, but there is uncertainty about the success of the pre reorganization. Please pay attention to the investment risk.
1、 Abnormal fluctuation of stock trading
Whole Easy Internet Technology Co.Ltd(002464) (hereinafter referred to as “the company”) shares have deviated from the closing price by more than 12% for three consecutive trading days on February 7, February 8 and February 9, 2022. According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, it belongs to abnormal fluctuations in stock trading.
2、 Description of the company’s concern and verification
In view of the abnormal fluctuation of the company’s stock trading, the company has checked the relevant matters, and the relevant verification is explained as follows:
1. The information disclosed by the company in the early stage does not need to be corrected or supplemented at present;
2. The company has not found any unpublished material information that may or has had a great impact on the stock trading price of the company reported by the public media recently;
3. On April 23, 2021, the company posted the information on the designated information disclosure website cninfo (www.cn. Info. Com. CN.) Disclosed the announcement on the delisting risk warning and suspension of the company’s Stock Trading (Announcement No.: 2021-033);
4. On May 24, July 21, July 23, August 10, September 28, November 3, November 19, November 23, December 17 and December 21, 2021, the company posted the information on the designated information disclosure website cninfo (www.cn. Info. Com. CN.) The company disclosed the announcement on the company’s intention to apply to the court for pre reorganization (Announcement No.: 2021-045), the announcement on receiving the notice of pre reorganization registration accepted by the court (Announcement No.: 2021-056), the announcement on the notice of pre reorganization creditor’s rights registration (Announcement No.: 2021-058) Announcement on the public recruitment of prospective investors for pre reorganization by the company and the pre reorganization Manager (Announcement No.: 2021-059), announcement on the progress of public recruitment of prospective investors for pre reorganization (Announcement No.: 2021-070), announcement on receiving the notice of the first creditors’ meeting for pre reorganization (Announcement No.: 2021-075) Announcement on convening the meeting of the pre reorganization investor group (Announcement No.: 2021-076), announcement on the resolution of the pre reorganization investor group meeting (Announcement No.: 2021-083), announcement on the voting results of the first creditors’ meeting of the company’s pre reorganization (Announcement No.: 2021-085) Announcement on litigation progress and signing of mediation agreement (Announcement No.: 2021-093), announcement on signing of interest penalty exemption agreement and debt restructuring (Announcement No.: 2021-095);
5. The controlling shareholder and actual controller of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading; 6. As of the disclosure date of this announcement, the company has no major matters that should be disclosed but not disclosed about the company, and the company has no violation of the provisions on fair information disclosure.
3、 Description of no information that should be disclosed but not disclosed
The board of directors of the company confirms that the company has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has 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 at present.
4、 Necessary risk tips
1. Through self-examination, the company has no violation of fair information disclosure.
2. Production and operation risk
The parent company of the company does not carry out business, and the main business entity is the subordinate company mmoga. At present, the production and operation activities of the subordinate company mmoga are normal.
Mmoga is in a leading position in the industry in Europe, especially in German speaking areas, but it lacks certain brand awareness in other regions. At the same time, due to the operation mode of mmoga pure platform, it is likely to encounter supply, legal and other risks in the process of market development and business development. In addition, the company’s bank account is frozen, resulting in certain risks in the company’s production and operation.
3. Liquidity risk, financial risk and major litigation risk
As of September 30, 2021, the company’s current assets were 284140100 yuan and current liabilities were 2110487300 yuan, and there were large overdue debts outstanding; The monetary capital of the company is 155.4229 million yuan, of which the frozen amount is 407800 yuan; The company has major litigation.
4. Market operation risk
(1) Tax expense
The competent authorities of major EU countries have strengthened the audit of sales and service enterprises related to games, digital products and Internet e-commerce business, including value-added tax. This measure has brought significant tax cost pressure to the industry dealer group, especially for the historical tracing. As senior industry dealers, such as cooperative dealers of mmoga platform, are inevitably affected by relevant restriction pressure and influence;
As a result of the global trade dispute, European and American governments have launched various punitive tax measures, including the collection of digital service tax, against global Internet giants and game R & D giants. The cost expectation brought by these punitive tax measures has had a significant impact on the upstream enterprises of mmoga’s industry, Furthermore, the increased costs in the upstream have an indirect impact on the profitability of mmoga platform through cooperative dealers and other entities. (2) Payment channels and compliance
As large game R & D manufacturers continue to strengthen the control of copyright authorization and licensing, industry partners including major third-party payment terminals have improved the compliance requirements of distribution transactions. For example, they are required to significantly reduce some traditional versions of CDKEY and increase the supply and transaction certification of compliant electronic CDKEY. Such requirements have increased the cost of trading products to a certain extent.
In order to comply with the stricter upgrading supervision regulations of the European Central Bank and financial regulatory institutions, and the mainstream first-line third-party payment platforms such as PayPal have strengthened the payment license requirements of institutional contract users, the use of bank accounts and some common third-party payment accounts used by mmoga in the past is limited, so it has to turn to some small and medium-sized third-party payment platforms that are not used in the past.
Meanwhile, the Lithuanian payment license application launched by mmoga at the end of 2019 has not been successfully submitted due to the company’s debt relationship. With the recent tension in international relations, the possibility of applying for payment license has been significantly affected. In the future, it is considered to expand the path to apply for licenses from other EU countries.
5. There are still major uncertainties about the success of the company’s pre reorganization
On May 24, July 21, July 23, August 10, September 28, November 3, November 19, November 23, December 17 and December 21, 2021, the company posted the information on the designated information disclosure website cninfo (www.cn. Info. Com. CN.) The company disclosed the announcement on the company’s intention to apply to the court for pre reorganization (Announcement No.: 2021-045), the announcement on receiving the notice of pre reorganization registration accepted by the court (Announcement No.: 2021-056), the announcement on the notice of pre reorganization creditor’s rights registration (Announcement No.: 2021-058) Announcement on the public recruitment of prospective investors for pre reorganization by the company and the pre reorganization Manager (Announcement No.: 2021-059), announcement on the progress of public recruitment of prospective investors for pre reorganization (Announcement No.: 2021-070), announcement on receiving the notice of the first creditors’ meeting for pre reorganization (Announcement No.: 2021-075) Announcement on convening the meeting of the pre reorganization investor group (Announcement No.: 2021-076), announcement on the resolution of the pre reorganization investor group meeting (Announcement No.: 2021-083), announcement on the voting results of the first creditors’ meeting of the company’s pre reorganization (Announcement No.: 2021-085) Announcement on litigation progress and signing of mediation agreement (Announcement No.: 2021-093), announcement on signing of interest penalty exemption agreement and debt restructuring (Announcement No.: 2021-095).
Up to now, there is uncertainty about the success of the company’s pre reorganization. The court’s registration of the company’s pre reorganization does not mean that the company officially enters the reorganization procedure. If the pre reorganization of the company is successful, the court will review whether to accept the reorganization application according to law, and there is uncertainty about whether the company can enter the reorganization procedure. The company will disclose the progress in time and actively do a good job in daily operation and management on the existing basis.
6. Delisting risk
The audited net assets of the company at the end of 2020 were negative. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), the company’s shares were subject to “delisting risk warning” after the disclosure of the 2020 annual report. On April 23, 2021, the company posted on the designated information disclosure website cninfo.com
（www.cn.info.com.cn.） Disclosed the announcement on the delisting risk warning and suspension of the company’s Stock Trading (Announcement No.: 2021-033).
After the pre reorganization procedure, if the court finally decides that the company enters the reorganization procedure, successfully implements the reorganization and completes the reorganization plan, it will be conducive to improving the company’s asset liability structure and optimizing performance; If the reorganization fails, the company’s shares will face the risk of delisting.
7. The company disclosed the 2021 annual performance forecast (Announcement No.: 2022-010) on January 29, 2022. As of the disclosure date of this announcement, there is no situation that the above performance forecast should be corrected. The specific financial data of the company in 2021 should be subject to the company’s 2021 annual report.
8. The company will timely do a good job in relevant information disclosure in strict accordance with the provisions and requirements of laws and regulations, and solemnly remind investors: Securities Times and cninfo (www.cn. Info. Com. CN.) As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media.
Please invest rationally and pay attention to risks.
It is hereby announced.
Whole Easy Internet Technology Co.Ltd(002464) board of directors
February 10, 2002
