Securities code: 002323 securities abbreviation: * ST Yabo Announcement No.: 2022-012 Shandong Yabo Technology Co.Ltd(002323)
Announcement on application for cancellation of delisting risk warning and continued implementation of other risk warnings
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions
Special tips:
Shandong Yabo Technology Co.Ltd(002323) (hereinafter referred to as “the company”) has applied to Shenzhen Stock Exchange to revoke the delisting risk warning for the company’s stock trading in accordance with the relevant provisions of the stock listing rules. It is uncertain whether the application can be finally approved by Shenzhen Stock Exchange. Please make careful decisions and pay attention to investment risks.
During the review period of Shenzhen Stock Exchange, the trading of the company’s shares was not suspended and still traded normally.
1、 Delisting and other risk warnings of the company’s stock trading
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 the stock listing rules, the company’s shares were subject to delisting risk warning, For details, see the announcement on the court’s ruling to accept the company’s reorganization and the risk warning of continued delisting of shares (Announcement No.: 2021-012) disclosed by the company on cninfo.com on April 27, 2021.
Due to the overdue of some debts of the company, some creditors applied for freezing some bank accounts of the company, touching the situation of “freezing of 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;
After the issuance of the company’s 2020 audit report, due to the situation that “the lower of the company’s net profit 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 ability to continue operation”, according to the relevant provisions of 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.
2、 Situations where relevant risk warnings have been eliminated
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. “
For details, see the announcement on the completion of the implementation of the company’s reorganization plan (Announcement No.: 2022-010) issued by the company on cninfo.com on February 17, 2022. According to item 9.4.13 of the stock listing rules, the company’s stock trading meets the conditions for applying for cancellation of the delisting risk warning implemented due to the situation of standard compulsory delisting, and has submitted the application for cancellation of delisting risk warning and continued implementation of other risk warnings to Shenzhen Stock Exchange. At the same time, the company entrusted Shanghai Haihua Yongtai (Beijing) law firm to issue the legal opinion on the completion of the implementation of the Shandong Yabo Technology Co.Ltd(002323) reorganization plan and express legal opinions on the legal issues related to the implementation of the company’s reorganization plan. For details, see the legal opinion on the completion of the implementation of the Shandong Yabo Technology Co.Ltd(002323) reorganization plan disclosed by the company on the same day.
The company’s application to cancel the delisting risk warning implemented due to the situation of standard compulsory delisting still needs the approval of Shenzhen Stock Exchange. There is still uncertainty about whether it can obtain the approval of Shenzhen Stock Exchange, and the company will perform the obligation of information disclosure in time.
3、 The company continues to be warned of other risks
(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, please refer to the notice on the implementation of other risks of Juchao on April 30, 2021.
Please pay attention to investment risks. The company will timely fulfill the obligation of information disclosure according to the progress. The company solemnly reminds investors: securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media.
It is hereby announced.
Shandong Yabo Technology Co.Ltd(002323) board of directors February 23, 2022
