Nova Technology Corporation Limited(300921) : Dongfang Fuhai reduced 3.99 million shares

On February 22, Nova Technology Corporation Limited(300921) (300921) announced that Dongfang Fuhai, the shareholder of the company, reduced 3.99 million shares of the company through centralized bidding and block trading from January 18, 2022 to February 22, 2022, accounting for 3.03% of the total share capital of the company. As of February 22, 2022, Dongfang Fuhai’s share reduction ratio exceeded 1% and the share reduction plan has been fully implemented. On February 22, Nova Technology Corporation Limited(300921) rose 1.01% to 35.03 yuan / share, with a market value of 4.6 billion yuan.

Similarly, on February 22, the company received a letter of concern from the Shenzhen Stock Exchange, asking to explain the reasons and basis for the company’s claim that “the vigorous promotion of the strategy of ‘counting East and counting West’ will have a positive impact on the company”, and whether there is a situation of actively catering to market hot spots and hyping the company’s share price.

Nova Technology Corporation Limited(300921) previously said on the interworking platform: “the company has set up more than 60 business nodes in 36 cities across the country to help enterprises build professional ‘Information Superhighway’. The vigorous promotion of the strategy of ‘counting from the east to the West’ will have a positive impact on the company.” The company’s share price had a rise limit on February 21, which belongs to the abnormal fluctuation of stock trading.

In this regard, the Shenzhen stock exchange requires the company to explain in objective and plain language the specific relationship between the “Eastern digital and Western computing” strategy and the company’s main business in combination with the development mode of its main business and the demand characteristics of its main customers. Will the full launch of the “Eastern digital and Western computing” project directly affect the development of the company’s business, Whether the implementation of relevant national strategies will bring new application scenarios, service contents or customer sources to the company. In addition, the company is required to provide sufficient risk tips for relevant market hotspots in combination with the impact of the strategy of “counting from the east to the west” on the company’s business development.

According to public data, Nova Technology Corporation Limited(300921) was listed on the gem in December 2020. Its main business is value-added telecommunications services, including virtual private network services, enterprise Internet access services and other services.

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