Securities code: Taihai Manoir Nuclear Equipment Co.Ltd(002366) securities abbreviation: Taihai Manoir Nuclear Equipment Co.Ltd(002366) Announcement No.: 2022009 Taihai Manoir Nuclear Equipment Co.Ltd(002366)
Announcement on stock price changes
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、 Abnormal fluctuation of stock trading
Taihai Manoir Nuclear Equipment Co.Ltd(002366) (hereinafter referred to as “the company”) shares (Securities abbreviation: Taihai Manoir Nuclear Equipment Co.Ltd(002366) , securities code: Taihai Manoir Nuclear Equipment Co.Ltd(002366) ) on March 1, 2022 and March 2, 2022 for two consecutive trading days, the cumulative deviation of the closing price increase exceeds 20%. According to the trading rules of Shenzhen Stock exchange and other relevant regulations, it is an abnormal fluctuation of stock trading.
2、 The company pays attention to and verifies relevant information
In view of the abnormal fluctuation of the company’s stock trading, the company has checked the relevant matters, and the relevant information is explained as follows:
1. The information disclosed by the company in the early stage does not need to be corrected or supplemented.
2. The company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.
3. Yantai Taihai Manuer Nuclear Power Equipment Co., Ltd. (hereinafter referred to as “Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) “), a first-class wholly-owned subsidiary of the company, and Yantai Taihai Group Co., Ltd. (hereinafter referred to as “Taihai group”), the controlling shareholder of the company, have entered bankruptcy and reorganization proceedings. On February 16, 2022, The court ruled to cancel the part of the civil ruling (2020) Lu 0613 No. 3-1 on the merger and reorganization of Yantai Manuer superalloy Co., Ltd., and the merger and reorganization of Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) , Yantai Taihai Material Technology Co., Ltd. and Yantai Taihai Manuer Intelligent Equipment Co., Ltd, For details, please refer to the announcement on the receipt of civil ruling by Tier-1 wholly-owned subsidiaries (Announcement No.: 2022007) disclosed by the company on February 19, 2022. At present, the bankruptcy reorganization plan of subsidiaries and controlling shareholders has not been determined, and the process and results are uncertain. The company will continue to pay attention to the progress of the above matters.
The creditors of the company applied to the court for bankruptcy reorganization. The company received the notice issued by Yantai intermediate people’s Court on October 15, 2021. For details, see the suggestive announcement on the application for bankruptcy reorganization by creditors of the company (Announcement No.: 2021064) disclosed by the company on October 19, 2021. At present, the court has not ruled to accept the bankruptcy reorganization application. There is still significant uncertainty about whether the company will enter the reorganization procedure. The company will disclose the relevant progress in time.
4. Through self-examination and inquiry, the company, the controlling shareholder and the actual controller do not have any major matters that should be disclosed but not disclosed by the company, nor do they have any major matters in the planning stage.
5. Through self-examination and letter inquiry, the controlling shareholder and actual controller of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Statement that there is no material information that should be disclosed but not disclosed
As confirmed by the board of directors of the company, in addition to the above matters, the company currently has no undisclosed matters that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange or planning, negotiation, intention, agreement, etc. related to such matters; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Risk tips
1. After self-examination, the company did not violate the fair disclosure of information.
2. Taiwan Strait group and its persons acting in concert hold a total of 262436894 shares of the company, accounting for 30.27% of the total shares of the company. Since the controlling shareholder has entered the bankruptcy reorganization procedure, the bankruptcy reorganization plan has not been determined, and there is a risk of change in actual control. If the controlling shareholder changes, the company will perform the obligation of information disclosure in time. 3. Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) ‘s bankruptcy reorganization plan has not been determined, and the bankruptcy reorganization process and results are still uncertain. At present, the company is unable to reliably predict the recoverable amount of long-term equity investment and creditor’s rights. The impact of bankruptcy reorganization on the company’s current profit or future profit cannot be judged temporarily. The company will be based on the bankruptcy reorganization results, Carry out corresponding accounting treatment according to the relevant provisions of the accounting standards for business enterprises; At the same time, Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) has the risk of being declared bankrupt and liquidated by the court due to the failure of reorganization. If Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) is ruled bankrupt and liquidated, the company’s shares will face the risk of delisting; The company will pay close attention to the bankruptcy reorganization process, actively safeguard the rights of the company and its shareholders, and timely perform the obligation of information disclosure according to the progress of bankruptcy reorganization.
4. The balance of the company’s guarantee for Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) is RMB 1.819 billion. Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) enters the bankruptcy and reorganization procedure, and there is a risk that creditors require the company to perform the guarantee liability. The company will continue to maintain contact and communication with creditors, and coordinate and resolve debt risks by negotiating with banking institutions on renewal plans or debt restructuring. At present, the company has been applied for bankruptcy reorganization by creditors to the court. If the court decides to reorganize the company, the creditors who guarantee the debt have the right to declare their creditor’s rights in the reorganization procedure.
5. The company disclosed the performance forecast for 2021 (Announcement No.: 2022001) on January 26, 2022. It is expected that the net profit in 2021 will be negative. In view of the negative net profit in 2019 and 2020, If the audit report issued by the company’s 2021 audit institution Zhongxi Certified Public Accountants (special general partnership) on the company’s 2021 financial report shows that there is uncertainty in the company’s sustainable operation ability, according to item (VII) of article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), Shenzhen Stock Exchange will implement other risk warnings for the company’s shares. If Zhongxi Certified Public Accountants (special general partnership) issues an audit report with no opinion or negative opinion on the company’s 2021 annual financial report, according to item (III) of article 9.3.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), Shenzhen Stock Exchange will implement delisting risk warning for the company’s shares. Please pay attention to investment risks.
6. The company has been applied for bankruptcy reorganization by the creditors to the court. According to the relevant provisions of the enterprise bankruptcy law of the people’s Republic of China, if the court decides to accept the reorganization application of the company, the company will cooperate with the court and the manager to carry out relevant reorganization work according to law and perform the legal obligations of the creditors according to law. Meanwhile, according to item (VII) of article 9.4.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), Shenzhen Stock Exchange will implement delisting risk warning for the company’s shares. If the company successfully implements the reorganization and completes the reorganization plan, it will be conducive to optimizing the company’s asset liability structure and improving the company’s sustainable operation and profitability; If the reorganization fails, the company will be declared bankrupt. If the company is declared bankrupt, the company’s shares will face the risk of delisting according to item (VI) of article 9.4.17 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022). Please pay attention to investment risks.
7. The company solemnly reminds investors that 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 disclosed in the above designated media.
The company will continue to fulfill the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations, and do a good job of information disclosure in a timely manner. Please invest rationally and pay attention to risks.
It is hereby announced.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) board of directors
March 3, 2022
