Shandong Yabo Technology Co.Ltd(002323) : Announcement on application for cancellation of other risk warnings

Securities code: Shandong Yabo Technology Co.Ltd(002323) securities abbreviation: ST Yabo Announcement No.: 2022020 Shandong Yabo Technology Co.Ltd(002323)

Announcement on application for cancellation of other risk warnings

The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions

Special tips:

In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the company has applied to Shenzhen Stock Exchange to revoke other risk warnings for the company’s stock trading. It is uncertain whether the application can be finally approved by Shenzhen Stock Exchange. Please make careful decisions and pay attention to investment risks.

Shandong Yabo Technology Co.Ltd(002323) (hereinafter referred to as “the company”) held the 15th meeting of the 5th board of directors on March 3, 2022, deliberated and adopted the proposal on application for cancellation of other risk warnings. The board of directors agreed to apply to Shenzhen stock exchange for cancellation of other risk warnings. The relevant information is hereby announced as follows: 1 Delisting and other risk warnings of the company’s stock trading

1. On April 26, 2021, the company received the civil ruling (2021) Lu 04 Po Shen No. 3 served by the court, which ruled to accept the creditor’s application for reorganization of the company. Due to the situation of delisting risk warning in the stock listing rules, the company’s shares were subject to delisting risk warning. On February 16, 2022, the court of Shizhong District of Zaozhuang City made a civil ruling (2021) Lu 0402 Po No. 3-4, which confirmed that the implementation of the company’s reorganization plan had been completed. The company has submitted the application for canceling delisting risk warning and continuing to implement other risk warnings to Shenzhen Stock Exchange. For details, please refer to the announcement on applying for cancellation of delisting risk warning and continued implementation of other risk warnings (Announcement No.: 2021012) disclosed by the company on cninfo.com on February 23, 2022.

2. Due to the overdue of some debts of the company, some creditors applied for freezing some bank accounts of the company, touching the situation of “freezing the main bank accounts of the company”, and the shares of the company were paid in from July 10, 2019

For other risk warnings, please refer to the announcement on the corresponding situations of other risk warnings triggered by the freezing of the company’s main bank accounts (Announcement No.: 2019055) disclosed by the company on cninfo.com on July 10, 2019;

3. Because the net profit of the company before and after deducting non recurring profit and loss in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s sustainable operation ability, which touches on other risk warnings in the stock listing rules, the company’s shares have been superimposed with other risk warnings since the opening of the market on April 30, 2021, For details, see the announcement on superimposing and implementing other risk warnings (Announcement No.: 2021016) disclosed by the company on cninfo.com on April 30, 2021.

2、 Application of the company for cancellation of other risk warnings

1. There are 53 accounts within the scope of the company’s consolidated statements, including 18 basic accounts, 32 general accounts, 1 letter of guarantee account and 2 migrant workers’ deposit accounts. After verification by the company, there is no case that the account is frozen. The details of the company’s main bank accounts are as follows:

Frozen account name account nature account balance of opening bank (10000 yuan)

condition

Shandong Yabo Technology China Agricultural Bank Of China Limited(601288) Co., Ltd

Basic account 152901010400296 Shenzhen Asia Link Technology Development Co.Ltd(002316) 2.98 unfrozen Co., Ltd. Zaozhuang Shizhong sub branch

Shandong yabaite Bank Of China Limited(601988) Shandong Zaozhuang Branch

Basic account 22472345299410166.59 unfrozen Technology Co., Ltd. bank business department

According to the announcement on the corresponding situations of other risk warnings triggered by the freezing of the company’s main bank accounts (Announcement No.: 2019055) disclosed by the company on cninfo.com on July 10, 2019, the company’s main business is concentrated in Shandong yabaite Technology Co., Ltd, Bank Of China Limited(601988) Shandong Zaozhuang Branch business department account is the basic account of Shandong yabaite Technology Co., Ltd. the company’s business mainly carries out receipt and payment settlement in the basic account, which is the main bank account of the company. According to the above table, the basic account of Shandong yabaite Technology Co., Ltd. has been unsealed and is currently in an unfrozen state. Therefore, the company believes that the situation involving “the freezing of the company’s main bank account” has been eliminated.

2. On March 3, 2022, ZTE caiguanghua Certified Public Accountants (special general partnership) issued the standard unqualified audit opinion 2021 annual audit report to the company. The report showed that the company’s operating income in 2021 was 1252231 million yuan, the operating income after deduction was 1251841 million yuan, and the net profit attributable to the shareholders of the listed company was -9846391 million yuan, The net profit attributable to shareholders of the listed company after deducting non recurring profits and losses was -1370627 million yuan, and the total equity attributable to shareholders of the parent company was 6366712 million yuan.

According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), although the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years is negative, the 2021 audit report does not show that there is uncertainty in the company’s ability to continue operating. Therefore, “the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue as a going concern;” Other risk warning situations have been eliminated.

The company checked item by item according to article 9.8.1 of the stock listing rules. The above two situations that led to the implementation of other risk warnings in the company’s stock trading have been eliminated, and no new risk warnings have been found in the company.

In view of this, the 15th meeting of the 5th board of directors of the company considered and approved the proposal on applying for cancellation of other risk warnings, and the board of directors agreed to apply to Shenzhen stock exchange for cancellation of other risk warnings. During the review period of Shenzhen Stock Exchange, the trading of the company’s shares was not suspended and still traded normally.

3、 Independent opinions of independent directors on application for cancellation of other risk warnings

We believe that: the company has checked the situations involving other risk warnings item by item according to the stock listing rules, and the above circumstances that led to the implementation of other risk warnings in the company’s stock trading have been eliminated. At the same time, no new risk warnings have been found in the company. The cancellation of other risk warnings in the company’s stock trading is conducive to protecting the interests of the company and minority shareholders. In view of this, we agree that the company shall apply to Shenzhen stock exchange for cancellation of other risk warnings in accordance with the provisions of the stock listing rules.

4、 Risk tips

The application for revoking delisting risk warning and continuing to implement other risk warning submitted by the company to Shenzhen Stock Exchange in the early stage has not been approved. This time, the application for revoking other risk warning was submitted to Shenzhen Stock Exchange. There is uncertainty whether the above two applications can be approved by Shenzhen Stock Exchange. Please pay attention to the investment risk. The company will timely fulfill the obligation of information disclosure according to the progress. If the above matters are approved by Shenzhen Stock Exchange, the stock abbreviation of the company will be changed from ” ST Yabo” to “Yabo shares”, the stock code will still be ” Shandong Yabo Technology Co.Ltd(002323) “, and the rise and fall limit on the stock trading day will be changed from 5% to 10%.

The company solemnly reminds investors: securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media.

It is hereby announced.

Shandong Yabo Technology Co.Ltd(002323) board of directors March 5, 2022

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