Securities code: 002323 securities abbreviation: * ST Yabo Announcement No.: 2022-009 Shandong Yabo Technology Co.Ltd(002323)
Announcement on the approval of the reorganization plan of the major shareholder Lhasa Ruihong Investment Management Co., Ltd. by the court
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.
Lhasa Ruihong Investment Management Co., Ltd. (hereinafter referred to as “Lhasa Ruihong”) was originally the controlling shareholder of Shandong Yabo Technology Co.Ltd(002323) (hereinafter referred to as “Yabo shares” or “the company”). Up to now, Lhasa Ruihong holds 15.71% of the shares of the company and remains the main shareholder of the company. On December 17, 2021, the people’s Court of Shizhong District, Zaozhuang City, Shandong Province (hereinafter referred to as “Shizhong District Court”) made (2021) Lu 0402 Boshen No. 3 civil ruling according to law, ruling to accept the case of bankruptcy and reorganization of Lhasa Ruihong. For details, see the announcement on the ruling of the controlling shareholder to accept the reorganization application by the court (Announcement No.: 2021-095).
1、 The court ruled to approve the reorganization plan of Lhasa Ruihong and terminate the reorganization procedure
The first creditors’ meeting of Lhasa Ruihong reorganization was held on January 26, 2022. The meeting voted and approved the reorganization plan (Draft) of Lhasa Ruihong Investment Management Co., Ltd. According to the provisions of articles 84 and 86 of the enterprise bankruptcy law of the people’s Republic of China, the administrator of Lhasa Ruihong submitted an application for ruling and approving the reorganization plan of Lhasa Ruihong to the Central District Court on January 26, 2022. On February 15, 2022, the administrator of Lhasa Ruihong received the civil ruling (2021) Lu 0402 Po No. 6-2 served by the Shizhong District Court, ruled to approve the reorganization plan of Lhasa Ruihong and terminate the reorganization procedure of Lhasa Ruihong.
2、 The court ruled on the impact of approving the reorganization plan of Lhasa Ruihong on the company
According to the liquidation plan of Lhasa Rehong’s reorganization plan, Lhasa Rehong’s debt repayment and other actions to implement the reorganization plan may reduce the number of shares it holds in the company. Lhasa Rehong and the company will perform the obligation of information disclosure in accordance with relevant regulations.
3、 Risk tips
If Lhasa Ruihong fails to execute or fails to execute the reorganization plan, according to Article 93 of the enterprise bankruptcy law of the people’s Republic of China, the court has the right to order to terminate the execution of the reorganization plan and declare Lhasa Ruihong bankrupt. If Lhasa Ruihong is declared bankrupt, Lhasa Ruihong will be subject to bankruptcy liquidation, which may have an impact on the equity structure of the company.
The information released by the company shall be disclosed by the designated information disclosure media: securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN) The published information shall prevail. Please make careful decisions and pay attention to investment risks.
It is hereby announced
Shandong Yabo Technology Co.Ltd(002323) board of directors February 16, 2022
