Securities code: 002323 securities abbreviation: Shandong Yabo Technology Co.Ltd(002323) Announcement No.: 2022-011 Shandong Yabo Technology Co.Ltd(002323)
Announcement on the completion of the implementation of the reorganization plan of the wholly-owned subsidiary
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.
Shandong yabaite Technology Co., Ltd. (hereinafter referred to as “Shandong yabaite”) is a wholly-owned subsidiary of Shandong Yabo Technology Co.Ltd(002323) (hereinafter referred to as “Yabo shares” or “the company”). On February 16, 2022, Shandong yabaite received the civil ruling (2021) Lu 0402 Po No. 5-6 served by the people’s Court of Shizhong District, Zaozhuang City, Shandong Province (hereinafter referred to as “Shizhong District Court”), and the court of Shizhong District ruled that the implementation of the reorganization plan of Shandong yabaite Technology Co., Ltd. (hereinafter referred to as “reorganization plan”) was completed. The details are as follows:
1、 Overview of Shandong yabaite reorganization
On June 21, 2021, the Shizhong District Court made a civil ruling (2021) Lu 0402 Po 5-1 according to law, ruling to accept the reorganization case of Shandong yabaite, and made a decision (2021) Lu 0402 Po 5-1 on June 23, 2021, appointing the liquidation group of Shandong yabaite Technology Co., Ltd. as the manager to carry out various reorganization work, For details, see the announcement on the court’s ruling to accept the reorganization of Shandong yabaite Technology Co., Ltd., a wholly-owned subsidiary (Announcement No.: 2021-040).
On September 29, 2021, the second creditors’ meeting of Shandong yabaite reorganization was held, and the second creditors’ meeting voted and adopted the reorganization plan (Draft) of Shandong yabaite Technology Co., Ltd. For details, see the announcement on the convening of the second creditors’ meeting of wholly-owned subsidiaries (Announcement No.: 2021-077). On September 29, 2021, the administrator of Shandong yabaite submitted an application for ruling and approving the reorganization plan of Shandong yabaite to the Shizhong District Court. On September 30, 2021, the administrator of Shandong yabaite received the civil ruling (2021) Lu 0402 Po No. 5-5 served by the Shizhong District Court, ruled to approve the reorganization plan of Shandong yabaite, terminated the reorganization procedure of Shandong yabaite, and Shandong yabaite entered the implementation stage of the reorganization plan. For details, see the announcement on the approval of the reorganization plan of a wholly-owned subsidiary by the court (Announcement No.: 2021-079). On February 9, 2022, Shandong yabaite submitted the report of Shandong yabaite Technology Co., Ltd. on the implementation of the reorganization plan to the manager. On February 11, 2022, the manager of Shandong yabaite submitted the supervision report on the implementation of the reorganization plan of Shandong yabaite Technology Co., Ltd. to the Shizhong District Court, reported the relevant situation of the manager’s supervision on the implementation of the reorganization plan of Shandong yabaite, and determined that the implementation of the reorganization plan of Shandong yabaite had been completed, and the supervision responsibility of the manager was terminated; The court of Shizhong District is requested to confirm the completion of the implementation of the reorganization plan of Shandong yabaite.
2、 Main contents of civil ruling
On February 16, 2022, Shizhong District Court made a civil ruling (2021) Lu 0402 Po No. 5-6, which confirmed that the implementation of the reorganization plan of Shandong yabaite was completed, 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 reorganization plan of Shandong yabaite Technology Co., Ltd. has been implemented;
2、 Terminate the reorganization procedure of Shandong yabaite Technology Co., Ltd. “
3、 Impact of Shandong yabaite reorganization on the company
(I) the implementation and completion of the reorganization plan of Shandong yabaite will help to resolve the debt risk of Shandong yabaite and improve the overall asset liability structure and operating status of the company.
(II) according to the creditor’s rights classification, adjustment and settlement plan and business plan of Shandong yabaite’s reorganization plan, the implementation of the reorganization plan such as paying off the debts of Shandong yabaite will have an impact on the net assets and net profits of the company in 2021. The specific data shall be subject to the audited financial statements.
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
