Securities code: 002323 securities abbreviation: Shandong Yabo Technology Co.Ltd(002323) Announcement No.: 2022-010 Shandong Yabo Technology Co.Ltd(002323)
Announcement on the completion of the implementation of the company's reorganization plan
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.
On February 16, 2022, Shandong Yabo Technology Co.Ltd(002323) (hereinafter referred to as "Yabo shares" or "the company") received the civil ruling (2021) Lu 0402 Po No. 3-4 served by the people's Court of Shizhong District, Zaozhuang City, Shandong Province (hereinafter referred to as "Shizhong District Court"), and the Shizhong District Court ruled that the implementation of the Shandong Yabo Technology Co.Ltd(002323) reorganization plan (hereinafter referred to as "reorganization plan") was completed, Terminate the reorganization procedure of Yabo shares. The details are as follows:
1、 Overview of company reorganization
On April 25, 2021, Zaozhuang intermediate people's Court of Shandong Province ruled to accept the bankruptcy reorganization case of Yabo shares according to law, and then transferred it to Shizhong District Court for trial. Shizhong District court appointed Shandong Yabo Technology Co.Ltd(002323) liquidation group as the manager on May 6, 2021 to be responsible for all work of reorganization. For details, see the announcement on the court's ruling to accept the risk warning of company reorganization and continued delisting of shares (Announcement No.: 2021-012) and the announcement on the court's designated administrator (Announcement No.: 2021-022). On September 29, 2021, the second creditors' meeting and investors' group meeting of Yabo share reorganization plan were held. The second creditors' meeting voted and approved the Shandong Yabo Technology Co.Ltd(002323) reorganization plan (Draft), and the investors' group meeting voted and approved the investor's rights and interests adjustment plan of Shandong Yabo Technology Co.Ltd(002323) reorganization plan (Draft). For details, see the announcement on the convening of the second creditors' meeting (Announcement No.: 2021-075) and the announcement on the convening of the investor group meeting (Announcement No.: 2021-076).
On September 30, 2021, Shizhong District Court made a civil ruling (2021) Lu 0402 Po No. 3-3, ruling to approve the reorganization plan of Yabo shares, terminate the reorganization procedure of Yabo shares, and the company entered the implementation stage of the reorganization plan. For details, see the announcement on the approval of the reorganization plan by the court (Announcement No.: 2021-078).
On February 9, 2022, Yabo submitted the report on the implementation of the reorganization plan to the manager. On February 11, 2022, the manager submitted the supervision report on the implementation of Shandong Yabo Technology Co.Ltd(002323) reorganization plan to the Shizhong District Court, reported the relevant situation of the manager supervising the company's implementation of the reorganization plan, determined that the implementation of the reorganization plan had been completed, and the manager's supervision responsibility was terminated; The court of Shizhong District is requested to confirm the completion of the implementation of the reorganization plan.
2、 Main contents of civil ruling
On February 16, 2022, Shizhong District Court made a civil ruling (2021) Lu 0402 Po No. 3-4, which confirmed that the reorganization plan of Yabo shares had been implemented. The main contents of the civil ruling are as follows:
"In accordance with Article 4, paragraph 1 of Article 91 and article 94 of the enterprise bankruptcy law of the people's Republic of China and item 11 of paragraph 1 of Article 154 of the Civil Procedure Law of the people's Republic of China, the ruling is as follows:
1、 Confirm that the implementation of Shandong Yabo Technology Co.Ltd(002323) reorganization plan has been completed;
2、 Terminate Shandong Yabo Technology Co.Ltd(002323) reorganization proceedings. "
3、 Impact of reorganization on the company
(I) the company's implementation of reorganization and the completion of the reorganization plan will help to resolve the company's debt risks, improve the company's asset liability structure, improve the operating conditions and enhance the sustainable profitability.
(II) on April 26, 2021, the company received the civil ruling (2021) Lu 04 Po Shen No. 3 served by the court, which ruled to accept the creditor's application for reorganization of the company. Due to the situation of delisting risk warning in Item (VII) of article 9.4.1 of the stock listing rules, the company's stock trading was subject to delisting risk warning. On February 16, 2022, the Shizhong District Court has ruled to confirm that the company's reorganization plan has been implemented and terminate the company's reorganization procedures. The delisting risk warning of the company due to the early court's acceptance of the company's reorganization according to law has been eliminated. The company will apply to Shenzhen Stock exchange for cancellation of the delisting risk warning in accordance with item (I) of article 9.4.13 of the stock listing rules.
4、 Risk tips
(I) due to the overdue part of the company's debts, some creditors applied for freezing part of the company's bank accounts, which touched the situation of "freezing the company's main bank accounts", and the company's shares were subject to other risk warnings from July 10, 2019, For details, please refer to the announcement on the corresponding situations of other risk warnings triggered by the freezing of the company's main bank accounts (Announcement No.: 2019-055) disclosed by the company on cninfo.com on July 10, 2019.
(II) because the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company's sustainable operation ability, which touches on other risk warnings in the stock listing rules, the company's shares have been superimposed with other risk warnings since the opening of the market on April 30, 2021, For details, see the announcement on superimposing and implementing other risk warnings (Announcement No.: 2021-016) disclosed by the company on cninfo.com on April 30, 2021; If the net profit of the company before and after deducting non recurring profits and losses in 2021, whichever is lower, is negative and the audit report shows that there is uncertainty in the company's ability to continue to operate, the company will continue to touch other risk warning situations specified in article (VII) of item 9.8.1 of the stock listing rules. As the relevant audit work is still in progress, it is uncertain whether the final audited data of the company in 2021 touch the above indicators. Please pay attention to the risks.
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 17, 2022
