Neoglory Prosperity Inc(002147) : Announcement on the periodic Reply of Shenzhen Stock Exchange to the company’s concern letter

Securities code: 002147 securities abbreviation: * ST Xinguang Announcement No.: 2022-013 Neoglory Prosperity Inc(002147)

Announcement on the periodic Reply of Shenzhen Stock Exchange to the letter of concern of the company

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions. Special tips:

In view of the heavy workload involved in the relevant issues in the letter of concern about Neoglory Prosperity Inc(002147) issued by Shenzhen Stock Exchange, and the relevant instructions need to be issued by the intermediary, and the intermediary needs to check and implement the relevant issues and matters involved one by one, this announcement on the reply of Shenzhen Stock exchange to the letter of concern about the company is a periodic reply, with debt exemption After verifying the performance of the agreement, the relevant matters will be supplemented in good faith in a timely manner.

Neoglory Prosperity Inc(002147) (hereinafter referred to as “the company” or “the company”) received the attention letter on Neoglory Prosperity Inc(002147) issued by Shenzhen Stock Exchange on February 7, 2022 (company Department attention letter [2022] No. 122), and now the periodic replies to the relevant matters in the attention letter are as follows:

Item 1: the announcement shows that your company’s non recurring profit and loss accounted for a large proportion of net profit in 2021, mainly from debt restructuring and debt forgiveness. In 2021, your company reached a debt restructuring agreement with some creditors such as Nanjing xipuyuan Business Consulting Management Co., Ltd., resulting in a debt restructuring income of 1.049 billion yuan. At the end of 2021, Zhejiang Zheshang Asset Management Co., Ltd. issued a letter to your company exempting part of the guarantee liability. Accordingly, your company reduced the estimated liabilities by 784 million yuan and recognized the corresponding restructuring income. In 2021, due to the fulfillment of China Zheshang Bank Co.Ltd(601916) compliance guarantee obligations, your company reduced the estimated liabilities by 950 million yuan, and the guaranteed real estate was auctioned by the judiciary, resulting in other income of 460 million yuan. Please your company:

(1) List the debt restructuring agreement, settlement agreement and receipt of debt relief letter signed or effective during the reporting period one by one, including but not limited to the name of creditors, related relationship, causes and amount of debt, debt restructuring or relief arrangement (repayment time, amount and method), timely effective conditions, cancellation or change terms (if any) As of the end of the reporting period, the implementation progress of your company

Whether there are other agreements or potential arrangements with relevant parties, and whether the proper review and disclosure procedures are performed in a timely manner. Ask a lawyer to check it

Form clear comments.

reply:

See Table 1, table 2 for details of debt restructuring agreements, settlement agreements signed or effective during the reporting period and receipt of debt relief letters

Table 3 and table 4. Among them, the restructuring and exemption listed in Table 1 and table 3 have met the recognition criteria of restructuring income, which are listed in Table 2 and table 4

The standards for recognition of restructuring income have not been reached. All restructured and exempted companies have timely performed appropriate review and disclosure procedures.

Table 1: debt restructuring completed in 2021 and confirmed debt restructuring income

Other related party debt restructuring as of the reporting date

Main contents of the causes of creditor relationship No. 1 effective time point final execution or potential review and disclosure procedures

Progress is being arranged

Announcement on signing the debt free settlement agreement of 1 Huarong securities without common assets portfolio party in April 2021 (Announcement No.: copy, loan type discount repayment of limited company completed on April 30, 2021-033) disclosed in cash and capital on April 20, 2021

debt

Announcement on non-compliance payment of all debts by Lu Guizhen on February 15, 2020 (announcement on non-compliance payment of all debts by Lu Guizhen on February 15, 2020)

Nanjing Xipu garden has held all the information disclosed on June 25, 2021 by illegally using cash Notice of axiom Co., Ltd. on signing the unsecured debt settlement agreement of business consulting management on March 24 and receiving the debt exemption letter (Announcement No.: 2021-064)

In violation of rules and regulations, the company has fully implemented the announcement on the progress of no major litigation after the unsecured discount payment of the company’s four party literary school completed on July 20, 2021 (Announcement No.: 2021-073), which was disclosed on July 22, 2021

For the debt of No. 1 in Table 1: the company has settled according to the settlement agreement signed by both parties and the settlement ruling of Jinhua intermediate people’s court,

A total of 150.2419 million yuan in cash will be paid in batches before August 23, 2021, and a total of 41 houses will be priced at 437.32 million yuan

Transfer the ownership to the other party, fulfill the obligation of reconciliation on time and completely, and there is no dispute or difference between the two parties afterwards.

Debt to No. 2 in Table 1: the company has designated an account with the other party on September 6, 2021 according to the settlement agreement signed by both parties

The household paid 1.56 million yuan at one time and fulfilled the settlement obligation on time and completely, and there was no dispute or difference between the two parties afterwards.

For the debt No. 3 in Table 1: the company has settled the debt in accordance with the settlement agreement signed by both parties and the settlement ruling of Jinhua intermediate people’s court

Before July 7, 2021, a total of 165 million yuan in cash was paid in batches, and the settlement obligations were performed on time and completely, and both parties

There are no disputes or differences.

For the debt of No. 4 in Table 1: the company has settled according to the settlement agreement signed by both parties and the settlement ruling of Jinhua intermediate people’s court,

Before September 16, 2021, a total of 20 million yuan in cash was paid in batches, and the settlement obligations were fulfilled on time and completely

There is no dispute or difference between the two parties after.

Table 2: debt restructuring that the company has implemented but has not confirmed the income of debt restructuring in 2021

Sequence related debt restructuring is mainly due to other agreements or

Review and disclosure procedures of potential arrangements for the implementation progress at the end of the effective time

situation

Reduce the interest and repay the outstanding interest of 1 Huarong Securities shares disclosed on April 20, 2021, Due in April 2021, the execution is completed, and there is no announcement on signing the debt extension agreement of the debt settlement agreement Co., Ltd. (Announcement No.: 2021-033)

Shanghai baomagnesium consulting disclosed on June 25, 2021 violated the rules of cash Assets: Announcement on the company’s debt repayment after signing the debt settlement agreement and consulting the Management Limited unsecured portfolio discount on June 24, 2021 and receiving the debt exemption letter (Announcement No.: 2021-064)

For the debt of No. 1 in Table 2: the company has been adjudicated according to the settlement agreement signed by both parties and the settlement of Jinhua intermediate people’s court

According to the agreement, a total of 25.5971 million yuan in cash will be paid in batches before June 1, 2021, fulfilling the interest repayment obligation agreed in the settlement agreement

The company paid the current interest payable of 3.4041 million yuan on June 21, and repaid 5 million yuan on November 4 and 5, respectively

The principal of 10 million yuan will pay the current interest payable of 9.9818 million yuan on December 20. However, due to the due principal of 142.0428 million yuan

The failure to repay on December 20 constituted a breach of contract after execution. Therefore, the company did not recognize the restructuring income for the debt restructuring.

For the debt of No. 2 in Table 2: the company has settled according to the settlement agreement signed by both parties and the settlement ruling of Jinhua intermediate people’s court,

7.1248 million yuan in cash was paid before July 10, 2021, and 7 sets of real estate registration procedures were handled on June 25

The debt repayment amount is 67.648 million yuan). The company has fulfilled the obligation of reconciliation on time and completely, but it is found that the other party still exists afterwards

For the seizure of the company’s assets, the company determined that there was an execution dispute with the other party, so the restructuring income was not recognized for the debt restructuring.

Table 3: the company received the unilateral exemption letter and confirmed the income from debt restructuring in 2021

Debt restructuring of related party debt is mainly due to other agreements as of the reporting period

Implementation progress or potential review and disclosure procedures at the end of the effective time

The situation is being arranged

In January 2021, Shanghai baomei consulting management violated the regulations and fully implemented the announcement that the unsecured debt exemption of guan1 Management Co., Ltd. was completed on January 12 and no debt exemption letter was received by the company, which was disclosed on January 16, 2021 (Announcement No.: 2021-007)

Zhejiang Zheshang asset compliance

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