Shandong Yabo Technology Co.Ltd(002323) : Announcement on abnormal fluctuations in stock trading

Securities code: Shandong Yabo Technology Co.Ltd(002323) securities abbreviation: ST Yabo Announcement No.: 2022015 Shandong Yabo Technology Co.Ltd(002323)

Announcement on abnormal fluctuations in stock trading

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.

1、 Introduction to abnormal fluctuations in stock trading

The cumulative increase of the stock price on the 25th consecutive trading day of 2022 (hereinafter referred to as “trading code of Shenzhen Stock Exchange”) exceeds the closing date of 2022 2, according to the regulations of Shenzhen Stock Exchange, It belongs to abnormal fluctuation of stock trading.

2、 Description of concerns and verification

In view of the abnormal fluctuation of the company’s stock trading, the company has checked the relevant matters and asked the controlling shareholder and actual controller of the company. Now the relevant matters are explained as follows:

1. On February 23, 2022, the company disclosed the announcement on applying for cancellation of delisting risk warning and continued implementation of other risk warnings (Announcement No.: 2021012). There is uncertainty whether the application can be approved by Shenzhen Stock Exchange. Please pay attention to the investment risk.

2. After verification, there is no need to correct or supplement the information disclosed by the company in the early stage;

3. After verification, the company has not found any unpublished material information that may or has had a great impact on the stock trading price of the company reported by the public media recently;

4. After verification, the company’s operation and internal and external business environment have not changed significantly.

5. The company, the controlling shareholder and the actual controller have no major events that should be disclosed but not disclosed about the company, or major events in the planning stage.

6. Recently, the company has not found any performance leakage before the disclosure of the periodic report, there is no situation to amend the performance forecast of 2021, or the unpublished material information of abnormal fluctuations in the trading of the company’s shares and their derivatives due to performance rumors.

7. During the period of abnormal stock fluctuations, the controlling shareholders and actual controllers did not take the initiative to buy and sell the company’s shares.

8. According to the company’s self-examination, the company does not violate the fair disclosure of information.

3、 Whether there is a description of the information that should be disclosed but not disclosed

The board of directors of the company confirms that, except for the information disclosed by the company, the company currently has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange; The board of directors has not learned that the company has other information that should be disclosed but not disclosed according to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives. The information disclosed by the company in the early stage does not need to be corrected or supplemented.

4、 Risk tips

1. The company has submitted an application to Shenzhen Stock Exchange to cancel the delisting risk warning of the company’s stock trading and continue to be subject to other risk warnings. The application for canceling the delisting risk warning of the company’s stock trading still needs the approval of Shenzhen Stock Exchange. Please pay attention to the investment risk.

2. Due to the overdue of some debts of the company, some creditors applied for freezing some bank accounts of the company, touching the situation of “freezing of the company’s main bank accounts”, and the company’s shares were subject to other risk warnings from July 10, 2019, For details, please refer to the announcement on the corresponding situations of other risk warnings triggered by the freezing of the company’s main bank accounts (Announcement No.: 2019055) disclosed by the company on cninfo.com on July 10, 2019.

3. Because the net profit of the company before and after deducting non recurring profit and loss in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s sustainable operation ability, which touches on other risk warnings in the stock listing rules, the company’s shares have been superimposed with other risk warnings since the opening of the market on April 30, 2021, For details, see the announcement on superimposing and implementing other risk warnings (Announcement No.: 2021016) disclosed by the company on cninfo.com on April 30, 2021.

The information disclosure media designated by the company are securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.), All information of the company shall be subject to the information published in the above media.

It is hereby announced.

Shandong Yabo Technology Co.Ltd(002323) board of directors February 28, 2022

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