Securities code: 688567 securities abbreviation: Farasis Energy (Gan Zhou) Co.Ltd(688567) Announcement No.: 2022-017 Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd
Notice on receiving the examination opinions of Shanghai Stock Exchange on the issuance of shares by the company to specific objects
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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. (hereinafter referred to as “the company” or “the issuer”) received the notice on the examination opinions on the issuance of shares by Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. to special objects issued by the listing examination center of science and Innovation Board of Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) on February 24, 2022. The specific opinions are as follows:
1、 Review comments
The application of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. for issuing shares to specific objects meets the issuance conditions, listing conditions and information disclosure requirements.
2、 Implementation issues
(I) the issuer is requested to give important tips on the following matters in the prospectus: (1) the operating performance has continued to decline since 2020, and the expected loss in 2021 will further expand; (2) The power battery industry is highly competitive and has a large investment in technology research and development. The company faces the risk that its products and technology cannot be upgraded in time; (3) The power battery of the company adopts the technical route of three yuan soft package, and the market share of its products is relatively small; (4) The company’s customers changed greatly during the reporting period; (5) The impact of the company’s cooperation with Daimler on operating performance.
(II) the issuer is requested to further improve the information disclosure of the “competitive disadvantage of the company” in the prospectus in combination with the company’s business performance, technical route, customer structure and other conditions.
The company’s issuance of shares to specific objects (hereinafter referred to as “this issuance”) still needs the company to implement and reply to the questions raised by the audit opinions. After receiving the reply of the company’s implementation opinions, the Shanghai Stock Exchange will submit it to the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) for registration. There is still uncertainty whether the issuance can finally be registered with the CSRC. According to the review progress of the matter, the company will timely perform the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to the investment risks.
It is hereby announced.
Board of directors of Farasis Energy (Gan Zhou) Co.Ltd(688567) (Ganzhou) Co., Ltd. February 25, 2022
