Anhui Andeli Department Store Co.Ltd(603031) board of directors
Description of confidentiality measures and systems adopted for this transaction
Anhui Andeli Department Store Co.Ltd(603031) (hereinafter referred to as “the company”, “listed company” and ” Anhui Andeli Department Store Co.Ltd(603031) “) intends to pay cash to Ningbo Yafeng Electric Appliance Co., Ltd. (renamed “Fujian Nanping Dafeng Electric Appliance Co., Ltd.”, hereinafter referred to as “Ningbo Yafeng”) through Anhui Anfu Energy Technology Co., Ltd. (hereinafter referred to as “Anfu energy”) Purchase 15% equity of Ningbo Yajin Electronic Technology Co., Ltd. (hereinafter referred to as “Yajin technology”) (hereinafter referred to as “this transaction” or “this reorganization”).
During this major asset reorganization, in order to avoid the disclosure of relevant information of this transaction by the participants, since the relevant parties demonstrated the matters related to this reorganization, the listed company took strict and effective confidentiality measures and systems, strictly limited the scope of relevant information, and ran through the process of this major asset reorganization. The details are as follows:
1. The listed company strictly controls the scope of insiders in the preliminary planning stage of this major asset restructuring plan, limits the insiders to the senior management of the listed company, the core personnel of the target company and the counterparty, and the core project team of each intermediary, and informs the relevant parties of this reorganization to keep it strictly confidential and not to use the trading planning information to buy and sell the shares of the listed company;
2. The listed company timely signed the confidentiality agreement with the relevant participants in the major asset restructuring, conducted self-examination on the trading of the company’s shares by the relevant personnel involved in the restructuring, and strictly controlled the scope of personnel involved in the restructuring;
3. In accordance with relevant regulations, the company has registered the memorandum on the process of major asset restructuring transactions, registered the participants, planning contents and other information at each key time point in the planning and decision-making process, and timely submitted it to Shanghai Stock Exchange.
To sum up, during this major asset restructuring, the company took necessary and sufficient confidentiality measures, formulated a strict and effective confidentiality system, limited the scope of relevant sensitive information, timely signed a confidentiality agreement, and strictly fulfilled the confidentiality obligation of major asset restructuring information before disclosure according to law.
It is hereby explained.
Anhui Andeli Department Store Co.Ltd(603031) board of directors February 10, 2022
