Securities code: 600734 securities abbreviation: Fujian Start Group Co.Ltd(600734) Announcement No.: No. 2022-022 Fujian Start Group Co.Ltd(600734)
Announcement of abnormal fluctuations in stock trading
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.
Important content tips
● Fujian Start Group Co.Ltd(600734) (hereinafter referred to as the company or Shida group) shares have a cumulative deviation of more than 15% from the daily closing price on February 18, 2022, February 21, 2022 and February 22, 2022.
● the company has sent a written letter to Zhengzhou HANGGANG Xingchuang Electronic Technology Co., Ltd. (hereinafter referred to as Xingchuang Electronics), the controlling shareholder of the company, and conducted self-examination: as of the date of this announcement, there are no major matters that should be disclosed but not disclosed except those disclosed by the company.
1、 Details of abnormal fluctuations in stock trading
Within three consecutive trading days (February 18, 2022, February 21, 2022 and February 22, 2022), the deviation of daily closing price increase has reached more than 15%. According to the relevant provisions of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the Listing Rules), it belongs to abnormal fluctuations in stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company's shares, the company checked the relevant matters and sent a written letter to Xingchuang electronic, the controlling shareholder of the company. The relevant information is described as follows:
(I) the daily operation of the company has not changed significantly recently.
(II) as of the date of this announcement, the company and the controlling shareholder Xingchuang electronics, except for the matters disclosed by the company, have no information on major matters that should be disclosed but not disclosed involving the company (including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset divestiture, asset injection and other major matters).
(III) after verification by the company, the company has not found any media reports or market rumors that need to be clarified or responded that have an impact on the trading price of the company's shares.
(IV) the company's directors, supervisors, senior managers, controlling shareholders, actual controllers and persons acting in concert did not buy or sell the company's shares during the above-mentioned abnormal fluctuations in stock trading.
3、 Risk tips
(I) risk indication that the controlling shareholder of the company will change
On December 27, 2021, Fuzhou intermediate people's court ruled to approve the reorganization plan of Shida group and terminate the reorganization procedure of Shida group. On December 31, 2021, Fuzhou intermediate people's court ruled that the reorganization plan of Shida group had been implemented. According to the reorganization plan, Shida group will convert the capital reserve into share capital based on the existing total share capital of 622372316 shares and increase 25 shares per 10 shares, with a total of 1555930790 shares. The above-mentioned shares will not be distributed to the original shareholders, but will be conditionally transferred by the reorganization investors for a total consideration of 89998158 yuan.
On February 15, 2022, the aforesaid shares have been directly registered in the special account for property disposal of Fujian Start Group Co.Ltd(600734) bankrupt enterprises opened by the company's manager. At present, the court will deduct and transfer the aforesaid shares to the reorganization investor's account according to the application of the manager. After the above changes in shareholders' equity are completed, the controlling shareholder of the company will change. Fujian Shusheng investment partnership (limited partnership) will directly hold 544575590 shares of Shida group, accounting for 25.00% of the total share capital, becoming the largest shareholder of Shida group.
(II) risk warning that the company may touch financial indicators for delisting
On January 29, 2022, the company disclosed the announcement on Fujian Start Group Co.Ltd(600734) 2021 annual performance forecast (No. 2022-009), which is expected to turn losses into profits in 2021. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, if the audited 2021 annual report of the company triggers one of the financial compulsory delisting indicators, the listing of the company's shares will be terminated:
1. The net assets of the company at the end of 2021 are still negative.
2. The company's 2021 financial and accounting report has been issued with qualified opinions or negative opinions or audit reports that cannot express opinions.
4、 Board statement
The board of directors of the company confirms that the company currently has no material information that should be disclosed but has not been disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange; The board of directors has not been informed of the information that should be disclosed by the company in accordance with the Listing Rules of Shanghai Stock Exchange and other relevant provisions, which has a great impact on the trading price of the company's shares.
The information disclosure media designated by the company are China Securities News, securities daily and the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company shall be subject to the information disclosed by the above designated media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Fujian Start Group Co.Ltd(600734) board of directors February 22, 2022
