Securities code: 600260 securities abbreviation: St Keller No.: pro 2022-021 Kaile Science And Technology Co.Ltd.Hubei(600260)
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:
● Kaile Science And Technology Co.Ltd.Hubei(600260) (hereinafter referred to as “Kaile technology” or “the company”) shares had a cumulative deviation of 15% from the closing price increase in three consecutive trading days on February 21, February 22 and February 23, 2022. According to the relevant provisions of the measures for the administration of stock trading on the risk warning board of Shanghai Stock Exchange, it belongs to the abnormal fluctuation of stock trading;
● the company expects the net profit attributable to shareholders of Listed Companies in 2021 to be – 6.9 billion yuan to – 8.5 billion yuan; ● as of the date of this announcement, the company has not received the ruling of the court on the applicant’s application for company reorganization. There is still uncertainty whether the applicant’s application is accepted by the court and whether the company enters the reorganization procedure.
The deviation of the closing price of Kaile Science And Technology Co.Ltd.Hubei(600260) shares has reached 15% in three consecutive trading days on February 21, February 22 and February 23, 2022. The share price of the company has increased significantly in the short term. The relevant matters and risks of the company are explained as follows, and the majority of investors are reminded to make rational decisions and pay attention to the transaction risks in the secondary market.
1、 Relevant information concerned and verified by the company
(I) production and operation
At present, the company’s daily operation and industrial policies have not changed significantly, and there is no major information that should be disclosed but not disclosed.
(II) major events
The company expects the net profit attributable to the shareholders of the listed company in 2021 to be – 6.9 billion yuan to – 8.5 billion yuan. For details, see the company’s announcement (Announcement No.: pro 2022-016).
On February 17, 2022, the company received the notice from Jingzhou intermediate people’s court that due to the company’s inability to pay off its due debts and obvious lack of solvency, Shashi branch of Hubei Xinqing Plastics Co., Ltd. has proposed bankruptcy reorganization to Jingzhou intermediate people’s court. For details, see the company’s announcement (Announcement No.: pro 2022-020). As of the disclosure date of this announcement, the company has not received the ruling of the court on the applicant’s application for company reorganization. There is still uncertainty whether the applicant’s application is accepted by the court and whether the company enters the reorganization procedure.
As of the date of this announcement, the company, its controlling shareholders and actual controllers have no material information that should be disclosed but not disclosed by the company, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping and asset injection.
(III) media coverage
In addition to the above disclosed matters, the company did not find any media reports and market rumors that need to be clarified or responded. (IV) other stock price sensitive information
The company verified that the controlling shareholders, actual controllers, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
2、 Relevant risk tips
1. As of the disclosure date of this announcement, the company has not received the ruling of the court on the applicant’s application for company reorganization. There is still uncertainty whether the applicant’s application is accepted by the court and whether the company enters the reorganization procedure. The company will continue to pay attention to the progress of reorganization matters. If there are major matters involving listed companies, the company will timely perform the obligation of information disclosure in accordance with relevant regulations.
2. There is a risk that the company’s shares will be subject to delisting risk warning. According to the relevant provisions of article 9.4.1 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the “Listing Rules”), if the court accepts the applicant’s application for company reorganization according to law, the company’s shares will be subject to delisting risk warning.
3. There is a risk of delisting the company’s shares. If the court formally accepts the reorganization application of the company, the company will be at risk of being declared bankrupt due to the failure of reorganization. If the company is declared bankrupt, the company will be subject to bankruptcy liquidation. According to article 9.4.13 of the listing rules, the company’s shares will face the risk of delisting.
3、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that, except for the matters disclosed by the company, the company has no other matters that should be disclosed but not disclosed in accordance with the relevant provisions of the listing rules or the planning and intention related to the matters, and the board of directors has not been informed that the company has matters that should be disclosed but not disclosed in accordance with the relevant provisions of the listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives.
Recently, the stock price of the company fluctuates greatly. At present, there is no significant change in the fundamentals of the company. The company solemnly reminds investors that China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN.) It is the information disclosure media selected by the company. The information released by the company is subject to the information disclosed in China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange. Please pay attention to the investment risks.
It is hereby announced
Board of directors February 24, 2002
