Stock abbreviation: Yonyou Network Technology Co.Ltd(600588) Stock Code: 600588 No.: pro 2022-012 Yonyou Network Technology Co.Ltd(600588)
Announcement on the progress of the spin off of its subsidiary UFIDA Automotive Information Technology (Shanghai) Co., Ltd. to be listed on the science and Innovation Board
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. Yonyou Network Technology Co.Ltd(600588) (hereinafter referred to as “the company”) plans to spin off its subsidiary UFIDA Automotive Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as “UFIDA”) to be listed on the science and innovation board. On June 18, 2021, under the guidance of Guotai Junan Securities Co.Ltd(601211) , UFIDA automobile passed the guidance and acceptance of Shanghai regulatory bureau of China Securities Regulatory Commission (hereinafter referred to as “CSRC”).
1、 Relevant information about UFIDA automobile’s public offering of shares and listing on the science and Innovation Board
(I) the application has been accepted by Shanghai Stock Exchange
On June 22, 2021, UFIDA automobile submitted the application materials for IPO and listing on the science and innovation board to the Shanghai Stock Exchange.
On June 28, 2021, UFIDA automobile received the notice on accepting the application of UFIDA automobile information technology (Shanghai) Co., Ltd. for initial public offering and listing on the science and Innovation Board issued by Shanghai Stock Exchange (szksh (acceptance) (2021) No. 82). Shanghai Stock Exchange officially accepted the application of UFIDA automobile for initial public offering and listing on the science and innovation board.
On June 23, 2021, the trading of UFIDA auto shares was suspended in the National SME share transfer system.
(II) suspension of audit
The latest deadline for the financial information recorded in the application documents of UFIDA automobile is December 31, 2020. According to the relevant provisions of articles 30 and 43 of the administrative measures for the registration of initial public offering of shares on the science and Innovation Board (Trial), the financial information recorded in the application documents of UFIDA automobile will expire on October 1, 2021. According to the provisions of Article 64 of the examination rules for the issuance and listing of shares on the science and Innovation Board of Shanghai Stock Exchange, UFIDA automobile voluntarily applied to the Shanghai Stock Exchange to suspend the examination of its application for IPO and listing on the science and innovation board. On September 30, 2021, Shanghai Stock Exchange agreed to suspend the examination of UFIDA’s application for IPO and listing on the science and innovation board.
(III) resume audit
At present, UFIDA automobile has completed the update of relevant application documents. According to Article 66 of the review rules for the issuance and listing of shares on the science and Innovation Board of Shanghai Stock Exchange, UFIDA automobile applied to the Shanghai Stock Exchange on December 15, 2021 to resume the review of its application for IPO and listing on the science and innovation board. On December 15, 2021, Shanghai Stock Exchange agreed to resume the review of UFIDA automobile’s issuance and listing.
(IV) other information
On July 20, 2021, UFIDA automobile received the examination and inquiry letter on the application documents of UFIDA automobile information technology (Shanghai) Co., Ltd. for initial public offering and listing on the science and Innovation Board issued by Shanghai Stock Exchange (szkss (2021) No. 430). UFIDA automobile and the intermediary have replied to the relevant questions in the above audit inquiry letter, and the relevant inquiry reply documents have been disclosed on the website of Shanghai Stock Exchange on September 3, 2021.
On September 9, 2021, UFIDA automobile received the examination and inquiry letter on the application documents of UFIDA automobile information technology (Shanghai) Co., Ltd. for initial public offering and listing on the science and Innovation Board issued by Shanghai Stock Exchange (szkss (2021) No. 567). UFIDA automobile and the intermediary have replied to the relevant questions in the audit inquiry letter issued by Shanghai Stock Exchange on September 9, 2021, and the relevant inquiry reply documents have been disclosed on the website of Shanghai Stock Exchange on December 31, 2021.
On January 27, 2022, UFIDA automobile received the letter on the implementation of the opinions of the audit center on the initial public offering and listing of UFIDA automobile information technology (Shanghai) Co., Ltd. on the science and Innovation Board issued by the Audit Center for listing on the science and Innovation Board of Shanghai Stock Exchange (szkss [2022] No. 56). UFIDA automobile and the intermediary have replied to the relevant questions in the implementation letter of the opinions of the Audit Center issued by Shanghai Stock Exchange on January 27, 2022, and the relevant reply documents have been posted on the website of Shanghai Stock Exchange (KCB. SSE. Com. CN.) on February 21, 2022 disclosure.
On February 23, 2022, UFIDA automobile received the letter on the implementation of the opinions of the audit center on the initial public offering and listing of UFIDA automobile information technology (Shanghai) Co., Ltd. on the science and Innovation Board issued by the Audit Center for listing on the science and Innovation Board of Shanghai Stock Exchange (szkss [2022] No. 87). UFIDA automobile and the intermediary have submitted the prospectus (the draft of the meeting) in accordance with the requirements of the implementation letter of the opinions of the Audit Center issued by Shanghai Stock Exchange on February 23, 2022. Among them, The main contents of the business performance forecast of UFIDA in 2021 are as follows: “In 2021, UFIDA automobile is expected to achieve an operating revenue of 575 million yuan to 598 million yuan, an increase of 20.85% to 25.58% over the same period last year; a net profit of 116 million yuan to 128 million yuan, an increase of 36.45% to 50.64% over the same period last year; a net profit of 101 million yuan to 113 million yuan after deducting non recurring profits and losses, an increase of 42.92% to 59.91% over the same period last year.” The annual financial data is the preliminary statistical data of UFIDA automobile, which has not been audited or reviewed by accountants and does not constitute the “profit forecast or performance commitment” of UFIDA automobile. For details, please refer to the website of Shanghai Stock Exchange (KCB. SSE. Com. CN.) on February 24, 2022 The prospectus (last draft) disclosed.
2、 Risk tips
The application of UFIDA automobile for this public offering and listing on the science and innovation board still needs to comply with the relevant procedures of Shanghai Stock Exchange and China Securities Regulatory Commission. Therefore, there is a risk that UFIDA automobile cannot pass the examination of Shanghai Stock Exchange or registration with China Securities Regulatory Commission.
The company will timely perform the obligation of information disclosure according to the progress of relevant matters and in strict accordance with the provisions and requirements of laws and regulations. Please pay attention to the majority of investors and pay attention to investment risks.
It is hereby announced.
Yonyou Network Technology Co.Ltd(600588) board of directors February 25, 2002
