Securities code: Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) securities abbreviation: ST Xinyi Announcement No.: 2022031 Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145)
Announcement on receiving the supervision letter on matters related to the suspension and termination of listing of ST Xinyi company from Shanghai Stock Exchange
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.
On March 3, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) (hereinafter referred to as “the company”) received the supervision letter on matters related to the suspension and termination of listing of ST Xinyi company’s shares (szgh [2022] No. 0163) issued by Shanghai Stock Exchange. The specific contents are as follows: Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) :
According to the decision on administrative punishment (No. [2022] 4) made by the CSRC, the company falsely increased its operating revenue in 2018 and 2019. After retroactive adjustment, the operating revenue in 2018 and 2019 was less than RMB 10 million for two consecutive fiscal years, and the operating revenue of the company in 2020 was also less than RMB 10 million, And the accounting firm issued a qualified audit report. The above facts show that the financial indicators of ST Xinyi from 2018 to 2020 have actually touched the situation of major illegal compulsory delisting stipulated in the original measures for the implementation of major illegal compulsory delisting of listed companies of the exchange.
At present, the company has not issued an announcement to apply for suspension of trading, and the exchange has suspended the trading of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) company’s shares in accordance with article 9.1.6 of the stock listing rules. The trading of the company’s shares has been suspended since March 3, 2022. In accordance with the relevant provisions of the stock listing rules of the exchange, the relevant requirements are hereby clarified as follows:
1、 The company shall, in accordance with article 9.5.6 of the stock listing rules, perform the obligations of information disclosure, suspension and resumption of trading, and give special risk tips on the possible implementation of major illegal compulsory delisting of shares.
2、 The bourse has issued a prior notice to terminate the listing of ST Xinyi shares, and will make a decision to terminate the listing of the company’s shares within the specified time according to the review opinions of the listing committee.
3、 All directors, supervisors and senior managers of the company shall be diligent and responsible to maintain the normal production and business activities of the company and protect the interests of the company and all shareholders. Before the company’s shares are delisted by the exchange, the company and all directors, supervisors, senior managers and relevant information disclosure obligors shall continue to abide by relevant laws, administrative regulations, departmental rules, other normative documents and the business rules of the exchange, perform relevant obligations and disclose important information.
4、 The company and all directors, supervisors and senior managers shall timely respond to the concerns of investors and actively do a good job in communication and interpretation.
5、 At present, the company has major risks such as the occupation of funds by related parties. The board of directors of the company shall fully reveal the existing risks, remind investors to invest rationally, and take practical measures to protect the interests of the company and investors.
6、 The company shall, in accordance with article 9.1.15 and other provisions of the stock listing rules, hire the host securities firm as soon as possible to make specific arrangements and information disclosure for the company’s shares to enter the national share transfer system of small and medium-sized enterprises, so as to ensure that the company’s shares can be listed for transfer within 45 trading days from the date of delisting, so as to protect the investors’ right to share transfer.
Please disclose to the public immediately after receiving this letter. Delisting related work has a significant impact on investors. All directors, supervisors and senior managers of your company should be responsible to investors, be diligent and conscientious, earnestly implement the requirements of this working letter, and fulfill the obligation of information disclosure as required.
The company attaches great importance to it and earnestly implements and performs the obligation of information disclosure in accordance with the relevant requirements of the working letter. Please pay attention to the investment risks.
It is hereby announced.
Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) board of directors March 3, 2022
