Securities abbreviation: * ST Yinyi securities code: 000981 Announcement No.: 2022-007 Yinyi Co.Ltd(000981)
On the implementation progress of the company’s capital reserve converted into share capital
Suggestive announcement on resumption of trading of the company’s shares
All members of the board of directors of the company guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Special tips:
1. The conversion of capital reserve into share capital this time is based on the existing total share capital of Yinyi Co.Ltd(000981) (hereinafter referred to as “the company” and “Yinyi shares”) of 4027989882 shares, and the conversion of capital reserve into shares is implemented according to the proportion of 6.48 shares per 10 shares, with a total of 2610137444 shares; After the increase, the total share capital of Yinyi shares will be increased from 4027989882 shares to 6638127326 shares, and then the capital reserve will be increased according to the proportion of 5.06 shares per 10 shares based on 6638127326 shares, with a total of 3359343562 shares. Among them, 1431951114 shares are distributed to all shareholders except the original controlling shareholders and their controlling shareholders after the closing of the equity registration date, and the conversion proportion is about 12.291177 shares for every 10 shares. It is expected that the above-mentioned shareholders will obtain the converted shares after the closing on February 23, 2022 and before the opening on February 25, 2022, The listing and trading date of this part of shares is February 25, 2022.
2、 According to the agreement on Yinyi Co.Ltd(000981) restructuring investment signed by the company’s manager and the restructuring investor (hereinafter referred to as the “restructuring investment agreement”), the converted shares shall not be publicly reduced through the secondary market within 36 (thirty-six) months from the date of registration in their name (the registration date shall be subject to the date when CSDCC Shenzhen Branch is actually registered in the securities account designated by the restructuring investor), However, after holding the above converted shares, the agreed transfer, free transfer and capital increase between different entities (including subsidiaries) controlled by the same actual controller are not subject to the above reduction restrictions; Except for the above-mentioned circumstances that are not subject to the restriction of reduction, any third party who receives the shares converted by the above-mentioned restructuring investors shall continue to be bound by the above-mentioned commitments. 3. Since the conversion of capital reserve into share capital is an important part of the Yinyi Co.Ltd(000981) reorganization plan (hereinafter referred to as the “reorganization plan”), which is different from dividend and share distribution in the general sense, the company adjusts the calculation formula of ex right reference price in accordance with article 4.4.2 of the trading rules of Shenzhen Stock Exchange (revised in March 2021). According to the calculation formula of the adjusted ex right reference price for the conversion of capital reserve into share capital, the ex right reference price of the company’s shares after the conversion of capital reserve into share capital is 2.10 yuan / share.
4. The trading of the company’s shares will resume from the opening of the market on February 25, 2022.
The risk warning announcement on the implementation of the conversion of capital reserve into share capital in the reorganization plan and the adjustment of the opening reference price on the first trading day after the implementation (Announcement No.: 2022-004) disclosed by the company on February 16, 2022 and the warning announcement on the ex right adjustment of the opening reference price on the first trading day after the implementation of the conversion of capital reserve into share capital disclosed on February 21, 2022 (Announcement No.: 2022-005). As of the date of this announcement, the progress of the company’s conversion of capital reserve into share capital according to the reorganization plan is as follows:
1、 Implementation progress of converting capital reserve into share capital
As of the date of this announcement, all 5969481006 shares transferred by the company to implement the reorganization plan have been transferred, and the total share capital of the company has increased from 4027989882 shares to 9997470888 shares. All the above 5969481006 shares were registered in the special account for the disposal of Yinyi Co.Ltd(000981) bankrupt enterprise property opened by the company’s manager (hereinafter referred to as the “special account of the manager”), accounting for 59.71% of the total share capital of the company after conversion.
Since the conversion of capital reserve into share capital is part of the equity adjustment scheme of investors in the reorganization plan, which is different from dividend and share distribution in the general sense, the company adjusts the calculation formula of ex right reference price in accordance with article 4.4.2 of the trading rules of Shenzhen Stock Exchange (revised in March 2021). According to the calculation formula of the adjusted ex right reference price for the conversion of capital reserve into share capital, the ex right reference price of the company’s shares after the conversion of capital reserve into share capital is 2.10 yuan / share. For details of ex rights matters, please refer to the notice on ex rights adjustment of the opening reference price on the first trading day after the implementation of the conversion of capital reserve into share capital (Announcement No.: 2022-005) disclosed by the company on February 21, 2022
2、 Implementation progress on distribution to all shareholders except the original controlling shareholders and their controlling shareholders
According to the company’s reorganization plan, 1431951114 shares of the shares formed by the conversion of capital reserve will be transferred to all shareholders registered in the company after the closing of the equity registration date (February 21, 2022), except the original controlling shareholders and their controlling shareholders (the aforesaid shareholders do not include the special account of the manager who obtained the shares due to the conversion on the equity registration date). As of the closing on February 21, 2022, the company has a total of 25754 registered shareholders. The number of shares held by the original controlling shareholders and their controlling shareholders is 2862966310 shares. The total number of shares held by all shareholders except the original controlling shareholders and their controlling shareholders is 1165023572 shares, accounting for 28.92% of the total share capital of the company before the increase, Accounting for 11.65% of the total share capital of the company after conversion.
According to the distribution principle of transferring shares to all shareholders except the original controlling shareholders and their controlling shareholders, for details, see the risk warning announcement on the implementation of the conversion of capital reserve into share capital in the reorganization plan and the adjustment of the opening reference price on the first trading day after the implementation (Announcement No.: 2022-004) issued by the company on February 16, 2022, That is, 1431951114 shares of the shares formed by the conversion of capital reserve will be distributed to all shareholders except the original controlling shareholders and their controlling shareholders. The above-mentioned shareholders are expected to convert and increase about 12.291177 shares for every 10 shares (the specific distribution list and quantity shall be subject to the quantity actually registered and confirmed by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch).
As of the date of this announcement, Ningbo intermediate people’s Court of Zhejiang Province (hereinafter referred to as “Ningbo intermediate people’s court”) has submitted the notice of assistance in execution to Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as “zhongdeng company”), and it is expected that all shareholders except the original controlling shareholders and their controlling shareholders
The converted shares will be obtained after the closing on February 23, 2022 and before the opening on February 25, 2022. The listing date of this part of shares is February 25, 2022.
3、 Progress on the implementation of transfer of ownership to restructuring investors
According to the company’s reorganization plan, 2988200641 shares of the shares formed by the conversion of capital reserve are transferred by the reorganization investor. As of the date of this announcement, Ningbo intermediate people’s court has submitted the notice of assistance in execution to zhongdeng company, transferring 2988200641 shares of Yinyi shares held in the special account of the manager to the securities account of the restructured investor.
According to the agreement on restructuring investment signed by the manager and the restructuring Investor: the converted shares shall not be publicly reduced through the secondary market within 36 months from the date of registration to their names (the registration date shall be the date when CSDCC Shenzhen Branch is actually registered to the securities account designated by the restructuring investor), However, after holding the above converted shares, the agreed transfer, free transfer and capital increase between different entities (including subsidiaries) controlled by the same actual controller are not subject to the above reduction restrictions; Except for the above-mentioned circumstances that are not subject to the restriction of reduction, any third party who receives the shares converted by the above-mentioned restructuring investors shall continue to be bound by the above-mentioned commitments.
4、 On the implementation progress of paying off creditor’s rights by transferring additional shares to creditors
According to the company’s reorganization plan, some shares formed by the conversion of capital reserve will pay off the liabilities of Yinyi shares by paying off debts with shares. Up to now, for creditors whose claims have been confirmed and corresponding securities accounts and bank accounts have been provided, the manager plans to arrange for repayment.
As of the date of this announcement, Ningbo intermediate people’s court has submitted the notice of assistance in execution to zhongdeng company, transferring 519317625 shares of Yinyi shares held in the special account of the manager to the securities account designated by the creditor of Yinyi shares. The listing and trading date of this part of shares is February 25, 2022.
The remaining 1030011626 converted shares will continue to be deposited in the special account of the manager, and will be distributed according to the provisions of the reorganization plan after the securities account provided by the relevant creditors or the creditor’s rights are confirmed.
5、 Stock resumption
The trading of the company’s shares will resume from the opening of the market on February 25, 2022.
The information released by the company is disclosed by the designated information disclosure media, such as securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN) The published information shall prevail. Please make careful decisions and pay attention to investment risks.
It is hereby announced.
Yinyi Co.Ltd(000981) board of directors
February 25, 2002
