Securities code: 603227 securities abbreviation: Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) Announcement No.: 2022-015 Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd
Announcement on the progress of major asset restructuring
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 Progress of this major asset restructuring
Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. (hereinafter referred to as “the company”) plans to purchase Xinjiang agriculture and animal husbandry investment (Group) Co., Ltd., Sichuan Jinxiang Sairui Chemical Co., Ltd., Hefei Wufeng Investment Co., Ltd., Chengdu Guoheng No. 1 investment partnership (limited partnership) by issuing shares and paying cash Aksu investment and Construction Group Co., Ltd., shayariyang investment limited partnership, Meishan Jinye enterprise management planning center (limited partnership), Aksu Xinfa Mining Co., Ltd., alar Tongzhong state owned Assets Management Co., Ltd., Shaoxing Sanye Foreign Trade Co., Ltd., Ding Ling, Xinjiang Shaya Urban Construction Investment Co., Ltd Xinjiang Jinding Heavy Industry Co., Ltd., Ren Hu, Zhu Xueqian and Zhou Jun jointly held 100% equity of Xinjiang Yuxiang Populus euphratica Chemical Co., Ltd. and raised supporting funds (hereinafter referred to as “this reorganization”). In order to ensure fair information disclosure, safeguard the interests of investors and avoid significant impact on the company’s share price, according to the relevant provisions of Shanghai Stock Exchange, upon the application of the company, the trading of the company’s shares (Securities abbreviation: Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) , securities code: 603227) will be suspended from the opening of the market on January 4, 2022, For details, see the announcement on suspension of trading of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on planning major asset restructuring (Announcement No.: 2021-085) disclosed by the company on January 4, 2022.
On January 17, 2022, the company held the 35th meeting of the third board of directors and the 31st meeting of the third board of supervisors, deliberated and approved the proposal on the plan for issuing shares, paying cash to purchase assets, raising supporting funds and related party transactions of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. and its summary. For details, please refer to the company’s website of Shanghai Securities News, securities times and Shanghai Stock Exchange (www.sse. Com. CN.) Relevant announcements issued.
On January 25, 2022, the company received the inquiry letter on the information disclosure of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on issuing shares and paying cash to purchase assets and raising supporting funds and related party transactions plan (szgh [2022] No. 0055) (hereinafter referred to as the “inquiry letter”) from Shanghai Stock Exchange. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 26, 2022 Announcement of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on receiving the inquiry letter from Shanghai Stock Exchange on information disclosure of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on issuing shares and paying cash to purchase assets and raising supporting funds and related party transaction plan (Announcement No.: 2022-010).
After receiving the inquiry letter, the company immediately organizes relevant parties to actively respond to the inquiry letter. However, some questions involved in the inquiry letter still need to be supplemented and improved. In order to ensure the authenticity, accuracy and completeness of the reply, the company applied to Shanghai Stock Exchange on February 9, 2022 On February 16, 2022, the announcement of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on delaying the reply to the inquiry letter of Shanghai Stock Exchange on the information disclosure of the company’s reorganization plan and the announcement of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. on delaying the reply to the inquiry letter of Shanghai Stock Exchange on the information disclosure of the company’s reorganization plan were disclosed (Announcement No.: 2022-012, 2022-014)
2、 Follow up arrangements for this major asset restructuring
As of the disclosure date of this announcement, the company is actively organizing relevant parties to reply to the inquiry letter. At the same time, the company and relevant parties are orderly promoting the audit, evaluation and other work involved in this major asset restructuring. After the relevant work is completed, the company will convene the board of directors again to review the matters related to this major asset restructuring, and disclose the restructuring report (Draft) and other relevant documents.
3、 Risk tips
The company’s major asset restructuring plan needs to be submitted to the board of directors and the general meeting of shareholders for deliberation, and can be formally implemented only after being approved by the competent regulatory authority. There is still some uncertainty about whether it can be passed. According to the progress of the reorganization, the company will timely perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. The company designated the information disclosure website and media as the website of Shanghai Stock Exchange (www.sse. Com. CN) And Shanghai Securities News and securities times. The information about the company shall be subject to the announcement published by the company on the above designated websites and media. Please pay attention to the subsequent announcement of the company and pay attention to the investment risk.
It is hereby announced.
Board of directors of Xinjiang Xinjiang Xuefeng Sci-Tech (Group) Co.Ltd(603227) (Group) Co., Ltd. February 18, 2022
