Securities code: 002321 securities abbreviation: Henan Huaying Agricultural Development Co.Ltd(002321) Announcement No.: 2021-086
Henan Huaying Agricultural Development Co.Ltd(002321)
Announcement on the approval of the reorganization plan by the court
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.
Important content tips:
1. The intermediate people's Court of Xinyang City, Henan Province ruled to approve the river regulation on December 22, 2021
The reorganization plan of nanhuaying Agricultural Development Co., Ltd. and the termination of Henan Huaying Agricultural Development Co., Ltd
Reorganization procedure of a joint stock limited company.
Henan Xinyang intermediate people's Court (hereinafter referred to as "Xinyang intermediate court" or "court")
It has ruled to accept Henan Huaying Agricultural Development Co.Ltd(002321) (below) on November 20, 2021
Hereinafter referred to as "Huaying agriculture" or "company") bankruptcy reorganization case, and Beijing Jindu (Shenzhen) was appointed
Shenzhen) law firm and Zhongqin Wanxin Certified Public Accountants (special general partnership) Henan Branch
The manager is responsible for the relevant work during the reorganization period. For details, see "on court ruling acceptance"
Announcement on the reorganization of the company (Announcement No.: 2021-071). After entering the reorganization procedure, the manager
The company performs its duties according to law and promotes various reorganization work. Now, according to the stock exchange of Shenzhen Stock Exchange
Relevant provisions of the Listing Rules (revised in 2020) (hereinafter referred to as the "Listing Rules"),
The announcement on the progress of the company's reorganization is as follows:
1、 The manager applies for ruling to approve the reorganization plan
The first creditors' meeting and investors' group meeting of Huaying agricultural reorganization were held in December 2021
On the 22nd, the first creditors' meeting voted and adopted the Henan Huaying Agricultural Development Co., Ltd
The reorganization plan (Draft) of the company was adopted at the meeting of the investor group
The investor's equity adjustment plan of the reorganization plan (Draft) of the Exhibition Co., Ltd.
According to the provisions of articles 84, 85 and 86 of the enterprise bankruptcy law of the people's Republic of China, On December 22, 2021, the manager submitted an application for ruling and approving the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (hereinafter referred to as the "reorganization plan") to Xinyang intermediate people's court. On December 22, 2021, the manager received the civil ruling (2021) Yu 15 Po 6-1 served by Xinyang intermediate people's court, decided to approve the reorganization plan of Huaying agriculture and terminate the reorganization procedure of Huaying agriculture.
2、 Main contents of civil ruling
"On December 22, 2021, the administrator of Henan Huaying Agricultural Development Co.Ltd(002321) filed an application with the court, saying that the first creditors' meeting of Henan Huaying Agricultural Development Co.Ltd(002321) was conducted by the secured creditor group and the ordinary creditor group on the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (Draft) (hereinafter referred to as the draft reorganization plan), the property secured creditor group and the ordinary creditor group have voted and adopted the draft reorganization plan. Because the draft reorganization plan involves the adjustment of the rights and interests of the investors, the meeting of the investor group also voted and adopted the adjustment of the rights and interests of the investors involved in the draft reorganization plan. According to the enterprise bankruptcy law of the people's Republic of China In accordance with paragraph 1 of Article 86, the administrator requests the court to approve the reorganization plan.
The court finds out that the draft reorganization plan has been voted by all voting groups, and in accordance with the provisions of paragraph 2 of Article 84 and article 85 of the enterprise bankruptcy law of the people's Republic of China, all voting groups have adopted the draft reorganization plan.
The court believes that the draft reorganization plan submitted by the Henan Huaying Agricultural Development Co.Ltd(002321) manager has been voted by all voting groups, the voting procedure is legal, and the content of the draft reorganization plan does not violate the provisions of laws and regulations, so it is feasible. After discussion and decision by the judicial committee of the court, in accordance with the provisions of paragraph 2 of Article 86 of the enterprise bankruptcy law of the people's Republic of China, the ruling is as follows:
1、 Approve the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan;
2、 Terminate Henan Huaying Agricultural Development Co.Ltd(002321) reorganization proceedings.
This ruling is final. "
3、 Impact of Xinyang intermediate people's court's ruling approving the reorganization plan
After Xinyang intermediate people's court ruled to approve the reorganization plan, Huaying agriculture entered the implementation period of the reorganization plan, Huaying agriculture was responsible for implementing the reorganization plan, and the manager was responsible for supervising the implementation of the reorganization plan.
According to the creditor's rights classification, adjustment and repayment plan of the reorganization plan, the investor's rights and interests adjustment plan and business plan, Huaying agriculture's debt repayment and other acts of implementing the reorganization plan will have an impact on the company's net assets and net profits in 2021. The specific data shall be subject to the audited financial statements.
4、 Risk tips
1. Xinyang intermediate people's court has ruled to terminate the company's reorganization procedure, and the company has entered the implementation stage of the reorganization plan. According to the relevant provisions of the enterprise bankruptcy law of the people's Republic of China, during the implementation of the reorganization plan, if the company does not implement or cannot implement the reorganization plan, the company will be declared bankrupt. If the company is declared bankrupt, according to article 14.4.1 of the listing rules According to paragraph (6) of Article 17, the company's shares will face the risk of delisting.
2. The company's 2020 financial report has been audited by Asia Pacific (Group) Certified Public Accountants (special general partnership) with no opinion. If one of the following circumstances occurs in 2021, the listing of the company's shares will be terminated according to article 14.3.11 of the Listing Rules: (I) the audited net profit is negative and the operating income is less than 100 million yuan, Or after retroactive restatement, the net profit of the latest fiscal year is negative and the operating income is less than 100 million yuan; （2） The audited net assets at the end of the period are negative, or the net assets at the end of the most recent fiscal year are negative after retroactive restatement; (III) the audit report with qualified opinions, unable to express opinions or negative opinions is issued in the financial and accounting report; (IV) more than half of the directors are not disclosed within the statutory time limit to ensure the authenticity, accuracy and integrity of the annual report; （5） Although it meets the conditions specified in article 14.3.7, it fails to apply to Shenzhen stock exchange for cancellation of delisting risk warning within the specified time limit; (VI) because it does not meet the conditions specified in article 14.3.7, its application for cancellation of delisting risk warning has not been reviewed and approved by Shenzhen Stock Exchange.
3. The company's implementation of the reorganization plan will help to improve the company's asset liability structure and operating conditions. However, the company's stock trading still needs to meet the requirements of subsequent relevant regulatory laws and regulations, otherwise it will still face the risk of termination of listing.
The company will earnestly perform the obligation of information disclosure in strict accordance with the relevant provisions of the listing rules and disclose the progress of relevant matters in a timely manner. The information disclosure media designated by the company are securities daily, securities times, Shanghai Securities News, China Securities News and cninfo.com (www.cn. Info. Com.. CN). All information of the company shall be subject to the information disclosed in the above designated media and websites. Please make careful decisions and pay attention to investment risks.
5、 Documents for future reference
1. Civil ruling ((2021) Yu 15 Po No. 6-1);
2. Reorganization plan.
It is hereby announced.
Henan Huaying Agricultural Development Co.Ltd(002321) board of directors December 23, 2001
