Stock abbreviation: Yinyi Co.Ltd(000981) Stock Code: Yinyi Co.Ltd(000981) Announcement No.: 2022011 Yinyi Co.Ltd(000981) correction announcement
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.
Yinyi Co.Ltd(000981) (hereinafter referred to as “the company”) disclosed the announcement on the memorandum signed between the company and the manager of Zhidou Electric Vehicle Co., Ltd. (Announcement No.: 2022010) on March 3, 2022. After post audit, it was found that part of Article 4 of “III. main contents of the memorandum” in the above announcement needed to be corrected, as follows:
Before correction:
“4. In case of any of the following circumstances, upon written notice from Party B, Party A shall return all the intention money paid by Party A within 5 working days from the date of receiving the written notice from Party B (without interest):
(1) The reorganization plan does not meet the conditions for change because most of the creditors of Zhidou Company expressly or implicitly do not recognize Party B as a new reorganization investor and / or Party B’s reorganization plan;
(2) When the start-up period of the reorganization plan change procedure expires, Party A fails to complete the termination or cancellation procedures of the agreement related to the reorganization investment with the original reorganization investor;
(3) During the due diligence period, Party B believes that the core underlying assets of Zhidou company do not meet Party B’s investment objectives and proposes in writing to give up participating in the reorganization of Zhidou company;
(4) The new reorganization plan draft of Party B as the new reorganization investor has not been voted by the creditors’ meeting, or although it has been voted by the creditors’ meeting, it has not been approved by the people’s Court of Ninghai County;
(5) The purpose of Party B’s investment cannot be realized due to force majeure, or the investment cannot be continued due to changes in circumstances and failure to negotiate within a reasonable period of time. “
After correction:
“4. In case of any of the following circumstances, upon written notice from Party B, Party A shall return all the intention money paid by Party A within 5 working days from the date of receiving the written notice from Party B (without interest):
(1) The reorganization plan does not meet the conditions for change because most of the creditors of Zhidou Company expressly or implicitly do not recognize Party B as a new reorganization investor and / or Party B’s reorganization plan;
(2) During the due diligence period, Party B believes that the core underlying assets of Zhidou company do not meet Party B’s investment objectives and proposes in writing to give up participating in the reorganization of Zhidou company;
(3) The new reorganization plan draft of Party B as the new reorganization investor has not been voted by the creditors’ meeting, or although it has been voted by the creditors’ meeting, it has not been approved by the people’s Court of Ninghai County;
(4) The purpose of Party B’s investment cannot be realized due to force majeure, or the investment cannot be continued due to changes in circumstances and failure to negotiate within a reasonable period of time. “
Except for the above corrections, other contents of the original announcement remain unchanged. See the announcement on the memorandum signed between the company and the manager of Zhidou Electric Vehicle Co., Ltd. disclosed on the same day of this announcement for the specific contents after correction. The Company Apologizes for the inconvenience caused to the majority of investors. In the future, the company will strictly strengthen the audit in the process of information disclosure.
It is hereby announced.
Yinyi Co.Ltd(000981)
Board of directors
March 5, 2002
