Securities code: 600734 securities abbreviation: * ST Shida Announcement No.: No. 2021-096 Fujian Start Group Co.Ltd(600734)
Announcement on the progress of reorganization
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 the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.
Fujian Start Group Co.Ltd(600734) (hereinafter referred to as Shida group or company) disclosed the announcement of Fujian Start Group Co.Ltd(600734) on the court's ruling to accept the company's reorganization and the continued delisting risk warning of shares (No. 2021-077) on November 26, 2021: the company received (2021) min 01 Boshen No. 6 civil ruling and (2021) min 01 Po No. 19 decision, ruled to accept the reorganization of the company and appointed Shanghai Fangda law firm as the manager.
1、 Progress on reorganization
Announcement of the Fujian Start Group Co.Ltd(600734) manager on signing the restructuring investment agreement with the restructuring investors (Announcement No.: 2021-085) disclosed by the company on December 8, 2021: Shida group, the manager and the industrial investor Fujian big data Co., Ltd. signed the restructuring investment agreement on December 6, 2021. On the same day, Shida group, the manager and Quzhou dongkun Technology Service Center (limited partnership) and other 11 financial investors signed the restructuring investment agreement respectively.
Announcement of the Fujian Start Group Co.Ltd(600734) manager on convening the investor group meeting (Announcement No.: 2021-088) disclosed by the company on December 10, 2021: the company will hold the investor group meeting at 14:30 p.m. on December 27, 2021, and the investor group will deliberate and vote on the investor equity adjustment scheme of the reorganization plan (Draft) of Fujian Shida Group Co., Ltd.
The suggestive announcement of the Fujian Start Group Co.Ltd(600734) administrator on convening the first creditors' meeting (Announcement No.: 2021-089) disclosed by the company on December 10, 2021: the company will be in the bankruptcy case auxiliary system of Fuzhou intermediate people's court by means of online conference at 9:30 a.m. on December 27, 2021（ https://fz.courtpcw.com. ）Convene the first creditors' meeting.
The announcement of the Fujian Start Group Co.Ltd(600734) manager on the court's permission to continue business and manage property and business affairs by itself during the reorganization period (Announcement No.: 2021-090) disclosed by the company on December 10, 2021: on December 9, 2021, the company received the decision No. (2021) min 01 Po 19 served by the court, and the court allowed the company to continue business during the reorganization period, And manage property and business affairs under the supervision of the manager.
2、 Risk tips
(i) The court has ruled that the company enters the reorganization procedure, but there is significant uncertainty about whether the reorganization plan can be ruled by the court and completed before December 31, 2021, and the company still has the risk of being declared bankrupt due to the failure of reorganization. If the company is declared bankrupt, the company will be subject to bankruptcy liquidation according to article 13.4.1 of the listing rules According to Article 14, the company's shares will face the risk of being delisted.
（2） Risk indication that the company's shares may be delisted due to triggering financial compulsory delisting indicators. According to the relevant provisions of article 13.3.12 of the listing rules, if the company triggers one of the financial compulsory delisting indicators in 2021, the company's shares will be delisted:
1. As of the third quarter of 2021, the owner's equity attributable to the shareholders of the listed company was
-1396006722.63 yuan. If the net assets of the company at the end of 2021 are still negative, the listing of the company's shares will be terminated.
2. If the company's 2021 financial and accounting report is issued with qualified opinions, negative opinions or audit reports that cannot express opinions, the listing of the company's shares will be terminated.
The information disclosure media designated by the company are China Securities Journal, securities daily and the website of Shanghai Stock Exchange (www.sse. Com.. CN). All information of the company shall be subject to the information disclosed by the above designated media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Fujian Start Group Co.Ltd(600734) board of directors December 23, 2021
