Securities code: 002692 securities abbreviation: St remote Announcement No.: 2022-009 Yuan Cheng Cable Co.Ltd(002692)
Progress announcement on other risk warning related matters of the company’s shares
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. Yuan Cheng Cable Co.Ltd(002692) (hereinafter referred to as “the company” or “the company”) has not fulfilled the approval decision-making procedures for external guarantee. According to the relevant provisions of article 13.3 of the stock listing rules of Shenzhen Stock Exchange, the company’s shares have been subject to other risk warnings since the opening of the market on June 4, 2019, For details, please refer to the announcement on other risks warning of the company’s shares (Announcement No.: 2019-042) disclosed by the company. 2. On May 15, 2020, the company disclosed the announcement on other risk warnings triggered by the freezing of some bank accounts of the company (Announcement No.: 2020-040). According to the relevant provisions of article 13.3 (2) of the stock listing rules of Shenzhen Stock Exchange, the company was superimposed with other risk warnings due to the freezing of its main bank accounts.
3. In accordance with article 9.8.4 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), “If a listed company is subject to other risk warnings for its stock trading due to the circumstances in items (I) and (II) of article 9.8.1 of these rules, it shall disclose the progress announcement at least once a month during the risk warning period, and disclose the progress of the settlement of fund occupation or external guarantee in violation of the prescribed procedures until the corresponding circumstances are eliminated”, The company will disclose the progress of other risk warnings once a month to remind relevant risks.
1、 Progress of other risk warning related matters implemented by the company
1. Situation and progress of illegal guarantee
As of the disclosure date of this announcement, the company’s illegal external guarantee balance was 17.8806 million yuan. The specific situation and progress are as follows:
Progress of litigation (Arbitration) of the creditor and the secured party and the liability for the balance of the guarantee as a result of the judgment (10000 yuan)
Ma genmu Hangzhou Qinshang sports article of first instance has ruled that the court has rejected Ma genmu’s lawsuit against the company– 1788.06 Chemical Co., Ltd
Up to now, the company has been deducted 40.13515 million yuan due to illegal guarantee and other related cases, and has recovered 7.8059 million yuan of losses, resulting in a cumulative loss of 393.5456 million yuan.
2. Progress of freezing some bank accounts
As of February 24, 2022, the company’s account has been frozen with RMB 60.563 million and US $5817.18. The information of the frozen bank account is as follows:
No. account no. of deposit bank account nature account freezing amount (yuan) freezing reason
1 China Industrial And Commercial Bank Of China Limited(601398) Co., Ltd. 110 ****** 820 general household 34059603.14
Siyixing Guanlin Sub Branch Shanghai Finance Law
2 Bank Of Communications Co.Ltd(601328) yi394 ****** 317 general account 20356792.05 yuan Zhengqi factoring xingguanlin sub branch bill recourse
China Citic Bank Corporation Limited(601998) dispute case
3xing sub branch 526 * * * * * * 747 general account 43973.08
4 Bank Of China Limited(601988) 480 ****** 389 basic households 5159497.32
Xingguanlin sub branch
5 Guangfa Bank Co., Ltd. has no 955 ****** 185 general account 215174.98
Xiyixing sub branch
6 China China Construction Bank Corporation(601939) Co., Ltd. 320 ****** 646 general account 133403.35
Sigaocheng sub branch
7 China China Construction Bank Corporation(601939) Co., Ltd. 320 ****** 378 general households 92530.75
Siguanlin sub branch zhuhangping private loan dispute case 8 Industrial Bank Co.Ltd(601166) yi408 ****** 652 general account 378411.71 [Note 1]
Xinxing sub branch
9 China Merchants Bank Co.Ltd(600036) should be 510 ******* 205 general household 95607.22
Xinxing sub branch
10 general account of Postal Savings Bank of China 100 * * * * * * 001 22257.05
Yixing sub branch of Zhengzheng savings bank
11 Bank Of Ningbo Co.Ltd(002142) general account of Postal Savings Bank of China 780 ****** 649 5765.71
Bank of China Wuxi Branch
Total 60563016.36
No. account no. of deposit bank account nature account freezing amount (USD) freezing reason
Bank Of China Limited(601988) no Zhu hangping folk 1 xiyixing sub branch (USD settlement account) 487 ****** 170 general account 5817.18 loan dispute case [Note 1]
Note 1: on June 18, 2021, the company disclosed the progress announcement on litigation related matters (Announcement No.: 2021-043), Bank Of China Limited(601988) Wuxi Branch issued an irrevocable guarantee guarantee to guarantee the company’s preservation and replacement application, and the maximum payment amount of Bank Of China Limited(601988) Wuxi Branch under the guarantee is RMB 70545753.00.
On December 28, 2021, the company disclosed the progress announcement on matters involved in litigation (Announcement No.: 2021-090). In view of Zhu hangping’s private loan dispute case, Zhejiang Higher People’s court ruled that Ruikang group, the company, Tianxia wisdom and Jinzhou Hengyue should return the principal of Zhu hangping’s loan of 50 million yuan and pay interest. This bank freeze is a judicial freeze in the execution procedure of the case and will not have a significant adverse impact on the normal operation of the company.
2、 Solutions
1. The company has hired a professional lawyer team to recover the losses caused by illegal guarantee from the relevant parties through legal means. The board of directors and management of the company shall properly handle the freezing of bank accounts in accordance with relevant national laws and regulations, actively negotiate with the court, and strive to lift the frozen accounts and return to normal status as soon as possible.
2. The company has gradually implemented and implemented internal control rectification measures, continuously improved internal control systems such as seal management system and external guarantee management system, and strengthened implementation.
3、 Risk tips
Up to now, the company’s daily production and operation are normal. The company will pay close attention to the progress of the above matters, timely fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations, and actively take various measures to effectively safeguard the legitimate interests of listed companies and minority shareholders. Please pay attention to investment risks.
It is hereby announced.
Yuan Cheng Cable Co.Ltd(002692) board of directors February 24, 2002
