Securities code: 600734 securities abbreviation: * ST Shida Announcement No.: No. 2021-097 Fujian Start Group Co.Ltd(600734)
Announcement on the convening of the first creditors’ meeting
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. Important content: the first creditors’ meeting of Fujian Start Group Co.Ltd(600734) (hereinafter referred to as Shida group or company) reorganization was held online at 9:30 a.m. on December 27, 2021. The creditors’ meeting voted and adopted the Fujian Start Group Co.Ltd(600734) reorganization plan (Draft) (hereinafter referred to as the draft reorganization plan).
On November 27, 2021, the company disclosed the announcement of Fujian Start Group Co.Ltd(600734) on the court’s ruling to accept the company’s reorganization and the risk warning of continued delisting of shares (No. 2021-077): on November 26, 2021, Shida group received the civil ruling (No. 2021) min 01 Boshen No. 6 served by Fuzhou intermediate people’s Court of Fujian Province (hereinafter referred to as Fuzhou intermediate people’s court or court) 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. The first creditor meeting of Shida group was held in Fuzhou bankruptcy case assistance system in the form of network at 9:30 a.m. on December 27, 2021（ https://fz.courtpcw.com. ）Hold. The meeting has completed the established agenda and voted and adopted the draft reorganization plan. Now the relevant information of the meeting is announced as follows:
1、 Agenda of this creditors’ meeting
The agenda of this creditors’ meeting mainly includes: 1 The manager shall make a work report on the performance of his duties; 2. The manager shall make a report to the creditors’ meeting for checking the creditor’s rights and submit it to the creditors’ meeting for checking the creditor’s rights statement; 3. The manager reads out the instructions for voting at the creditors’ meeting; 4. The manager shall make a report on the draft reorganization plan, and the creditors shall review and vote on the draft reorganization plan; 5. The manager shall make a report on the remuneration scheme of the manager.
2、 Voting at the creditors’ meeting
At this creditors’ meeting, creditors voted on the draft reorganization plan in groups, and the voting results are as follows: 1 Secured claims group
There were 4 property secured creditors attending the creditors’ meeting, and the amount of creditor’s rights represented by them was 184536809.00 yuan. Among them, 4 creditors attended the meeting and voted to approve the draft reorganization plan, accounting for 100% of the creditors of the group attending the meeting, more than half of the creditors of the group attending the meeting; The amount of claims represented by the four creditors is 184536809.00 yuan, accounting for 100% of the total claims of this group, more than two-thirds of the total claims of this group. Therefore, the secured creditor’s rights group voted to adopt the draft reorganization plan.
2. Ordinary creditor group
There were 37 ordinary creditors attending the creditors’ meeting, and the amount of creditor’s rights represented by them was 1484201477.26 yuan. Among them, 35 creditors attended the meeting and voted to approve the draft reorganization plan, accounting for 94.59% of the creditors of the group attending the meeting, more than half of the creditors of the group attending the meeting; The amount of claims represented by the 35 creditors is 14381830.24 yuan, accounting for 92.41% of the total claims of this group, more than two-thirds of the total claims of this group. Therefore, the ordinary creditor group voted to adopt the draft reorganization plan.
According to the provisions of paragraph 2 of Article 84 and paragraph 1 of Article 86 of the enterprise bankruptcy law of the people’s Republic of China, the draft reorganization plan has been voted and adopted by the creditors’ meeting.
3、 Risk tips
(i) The company’s shares have the risk of delisting
The 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 13.4.1 of the stock listing rules of Shanghai Stock Exchange 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 stock listing rules of Shanghai Stock Exchange, 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 were still negative, the listing of the company’s shares would 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 News, securities daily and the website of Shanghai Stock Exchange (www.sse. Com.. CN). All information of the company shall be subject to the information published in the above designated media. Please pay attention to the company’s announcement, make rational investment and pay attention to investment risks.
It is hereby announced.
Fujian Start Group Co.Ltd(600734) board of directors December 27, 2021
