Securities code: 002321 securities abbreviation: Henan Huaying Agricultural Development Co.Ltd(002321) Announcement No.: 2021-088
Henan Huaying Agricultural Development Co.Ltd(002321)
Announcement on implementation progress and risk warning of reorganization plan
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.
Henan Huaying Agricultural Development Co.Ltd(002321) (hereinafter referred to as "the company" or "Hua yingnong")
On November 20, 2021, the intermediate people's Court of Xinyang City, Henan Province (hereinafter referred to as
(2021) Yu 15 Po Shen No. 4 Civil Ruling served by "Xinyang intermediate people's court" or "court")
The court ruled to accept the applicant Huang Chuanrui and (2021) Yu 15 Po No. 6-1 decision
Reorganization of the company by China Supply Chain Management Co., Ltd. (hereinafter referred to as "Huangchuan Ruihua")
Apply for and appoint Beijing Jindu (Shenzhen) law firm and Zhongqin Wanxin certified public accountants
(special general partnership) Henan branch is the manager. On the same day, the company received the notice from Xinyang intermediate people's court
(2021) Yu 15 Po No. 6-2 decision allows the company to be supervised by the manager during the reorganization of the company
Manage property and business affairs by themselves. For details, please refer to the law of the people's Republic of China on foreign affairs disclosed by the company
Announcement on the court's ruling to accept the reorganization of the company (Announcement No.: 2021-071).
After entering the reorganization procedure, under the guidance of the court, the manager and the company perform their duties according to law,
Fully promote various restructuring work, and the company will complete the reorganization on November 29, December 6 and December 13, 2021
The announcement on restructuring progress and risk warning was disclosed on cninfo.com on December 20
(Announcement No.: 2021-074, 078, 081, 082).
On December 22, 2021, Xinyang intermediate people's court ruled to approve Henan Huaying Agricultural Development Co., Ltd
Limited company reorganization plan (hereinafter referred to as the "reorganization plan") and terminate the company's reorganization proceedings,
For details, please refer to the "customs declaration" disclosed by the company on cninfo.com on December 23, 2021
Announcement on the approval of the reorganization plan by the court (Announcement No.: 2021-086).
In accordance with the stock listing rules of Shenzhen Stock Exchange (hereinafter referred to as the "Listing Rules"), the relevant matters concerning the implementation progress of the company's reorganization plan are hereby announced as follows:
1、 Implementation progress of reorganization plan
1. On December 23, 2021, The company has signed Henan Huaying Agricultural Development Co.Ltd(002321) restructuring investment agreement with Xinyang Dingxin Xinghua Industrial investment partnership (limited partnership), Henan Guangzhou ChenYue Industrial Co., Ltd., Xinyang Huaxin Investment Group Co., Ltd., Huangchuan agricultural investment new kinetic energy enterprise management center (limited partnership) and Xinyang Guangxing equity investment management center (limited partnership) 。 For details, see the announcement on signing the restructuring investment agreement (Announcement No.: 2021-087) disclosed by the company on the designated information disclosure media on December 24, 2021.
2. On December 24, 2021, according to the provisions of the reorganization plan and confirmed by the court, the disposal procedures of some inefficient assets have been started. It is planned to dispose of the long-term equity investment held by the listed company with an assessed value of 570 million yuan and other receivables assets with an assessed value of 277 million yuan. The auction of relevant assets is in the process of publicity on JD auction bankruptcy Qiangqing platform. The long-term equity investment will no longer be included in the consolidation scope of the company's financial statements. The date will also be adjusted according to the auction. The company will timely disclose the auction results and changes in the consolidation scope of financial statements. At present, the company is orderly promoting the relevant work in the implementation stage of the reorganization plan under the supervision of the manager.
2、 Risk tips
1. Xinyang intermediate people's court has ruled to terminate the company's reorganization procedure. At present, 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.
It is hereby announced.
Henan Huaying Agricultural Development Co.Ltd(002321) board of directors December 27, 2001
