Boomsense Technology Co.Ltd(300312) : Announcement on the acceptance of bankruptcy liquidation of wholly-owned subsidiaries by the court

Securities code: Boomsense Technology Co.Ltd(300312) securities abbreviation: ST bangxun Announcement No.: 2022029 Boomsense Technology Co.Ltd(300312)

Announcement on the acceptance of bankruptcy liquidation of wholly-owned subsidiaries by the court

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. Special tips:

1. Shenzhen jiashitong Technology Co., Ltd. (hereinafter referred to as “jiashitong” or “respondent”), a wholly-owned subsidiary of Boomsense Technology Co.Ltd(300312) (hereinafter referred to as “bangxun technology” or “company”), has issued (2021) Yue 03 Po Shen No. 903 civil ruling by Shenzhen intermediate people’s court of Guangdong Province (hereinafter referred to as “Shenzhen intermediate people’s court” or “court”) (signed on January 20, 2022). The above civil ruling shows that the court ruled to accept the bankruptcy liquidation application of the applicant Liu Zhenhua against the respondent jiashitong. After jiashitong enters the bankruptcy proceedings, the court will appoint an administrator to take over jiashitong. At that time, the company will lose control of jiashitong, and jiashitong will no longer be included in the scope of the company’s consolidated statements. The specific impact of this matter on the company’s finance shall be subject to the audit results.

2. The company made a preliminary estimate of the impact of the court’s ruling to accept the bankruptcy liquidation of its subsidiary, jiashitong, and considered that there was no need to amend the company’s performance forecast for 2021.

1、 Basic information of jiashitong being applied for bankruptcy liquidation

1. The company learned about the process of jiashitong being applied for bankruptcy liquidation

On March 1, 2022, Mr. Yang Yongsheng, the person in charge of the company’s project management department, and Mr. Zheng Chong (the proposed position of chief financial officer, which has not been reviewed by the board of directors) communicated with each other about the impact of enterprise bankruptcy liquidation on the legal representative and other related issues. Since Mr. Zheng Chong just arrived at the company and didn’t know about the company and its subsidiaries, he then inquired about the company and its holding company through tianyancha and the national enterprise bankruptcy and reorganization case information network (hereinafter referred to as “reorganization information network”). After inquiry, the holding subsidiary of the company, Shenzhen jiashitong Technology Co., Ltd., has been ruled bankrupt and liquidated by the court, The specific query contents are as follows:

(1) On December 8, 2021, Shenzhen intermediate people’s Court of Guangdong Province (hereinafter referred to as “Shenzhen intermediate people’s court”) issued announcements (2021) Yue 03 Po Shen No. 903, (2021) Yue 03 Po Shen No. 904 and (2021) Yue 03 Po Shen No. 905 respectively, announcing the applicants Liu Zhenhua, Huang Shiliang Liang Chao applied to Shenzhen intermediate people’s court for bankruptcy liquidation of jiashitong on the ground that the respondent jiashitong was unable to pay off its due debts and obviously lacked solvency. The court has issued application, notice and other relevant documents to jiashitong’s domicile, but was unable to notify jiashitong. In accordance with the provisions of Article 10 of the enterprise bankruptcy law of the people’s Republic of China, if the court makes a public announcement and jiashitong does not raise an objection to the court within seven days from the date of the announcement, it shall be deemed that jiashitong has no objection to the bankruptcy application. (2) On January 20, 2022, Shenzhen intermediate people’s Court issued (2021) Yue 03 Po Shen No. 903 civil ruling, which was published on the reorganization information website on February 15, 2022. The main contents are as follows:

The applicant Liu Zhenhua applied to the court for bankruptcy liquidation on the ground that the respondent Shenzhen jiashitong Technology Co., Ltd. was unable to pay off its due debts and obviously lacked solvency.

The court notified the respondent Shenzhen jiashitong Technology Co., Ltd. according to law, and the respondent Shenzhen jiashitong Technology Co., Ltd. did not raise any objection within the statutory time limit.

The court found that the respondent Shenzhen jiashitong Technology Co., Ltd. is a limited liability company. The creditor’s rights claimed by the applicant Liu Zhenhua against the respondent Shenzhen jiashitong Technology Co., Ltd. have been confirmed by effective legal documents and filed for implementation. After verification by the enforcement court, it was found that there was no property available for enforcement under the name of the respondent Shenzhen jiashitong Technology Co., Ltd., so it ruled to terminate the enforcement procedure.

The court believes that the creditor’s rights of the applicant have been confirmed by effective legal documents and have gone through enforcement procedures, but still cannot be paid off. The respondent is a limited liability company, has been unable to pay off its due debts and obviously lacks solvency, and has the reason for bankruptcy. The applicant’s application complies with the law and shall be accepted. In accordance with paragraph 1 of Article 2 and paragraph 2 of Article 7 of the enterprise bankruptcy law of the people’s Republic of China, the Supreme People’s court ruled as follows:

Accept the application for bankruptcy liquidation filed by the applicant Liu Zhenhua against the respondent Shenzhen jiashitong Technology Co., Ltd.

2. The company’s explanation on jiashitong’s application for bankruptcy liquidation

At present, because the employees of jiashitong have basically resigned, jiashitong has not found the above notice in time, has not raised an objection to the court within seven days from the date of the court’s announcement, and has not learned the relevant information of (2021) Yue 03 Po Shen No. 903 civil ruling in time. At present, the company and its subsidiary jiashitong have not been informed of the information about the administrator designated by the court, and jiashitong has not handed over materials to the administrator.

2、 Relevant information of jiashitong, a wholly-owned subsidiary

1. Basic information of Gastone

Company name: Shenzhen jiashitong Technology Co., Ltd

Unified social credit Code: 91440 Hangzhou Onechance Tech Corp(300792) 551504g

Registered capital: 5 million yuan

Legal representative: Ling Hongyuan

Type: limited liability company (sole proprietorship of legal person)

Address: second and third floors, building A1, Nanchang second industrial zone, Xixiang street, Bao’an District, Shenzhen

Business scope: production and sales of wireless communication equipment (excluding satellite ground receiving facilities), power supply equipment and DC remote power supply; Technical development and sales of power products, communication products, radio products and communication equipment software; China’s trade (excluding monopoly, exclusive control and monopoly commodities); Engage in the import and export business of goods and technologies (excluding distribution and goods exclusively controlled by the state).

2. Financial status:

As of September 30, 2021, the financial situation of jiashitong is as follows:

Unit: 10000 yuan

Project September 30, 2021 (Unaudited) December 31, 2020

Total assets 674.60 716.34

Total liabilities 659592659489

Net assets -592132 -587855

Project January September 2021 (Unaudited) year 2020

Operating income 18.63.0

3. Internal contacts between jiashitong and bangxun technology and its subsidiaries

As of September 30, 2021, the internal transactions between jiashitong and bangxun technology are: jiashitong’s accounts receivable to bangxun technology is 1.8293 million yuan, other accounts receivable is 400000 yuan, accounts payable is 7.219 million yuan, and other accounts payable is 499298 million yuan.

In addition to the above internal transactions, there are no mortgage, guarantee and other matters between jiashitong and bangxun technology and its subsidiaries.

3、 The impact of bankruptcy liquidation of a wholly-owned subsidiary on the company

Up to now, the bankruptcy liquidation of jiashitong has been accepted by the court. The unaudited net assets of jiashitong on September 30, 2021 was -592132 million yuan. As jiashitong is a limited liability company, according to the relevant provisions of the company law, the company only needs to bear the debts of jiashitong within the limit of the capital contribution of 5 million yuan to jiashitong.

The company expects that the excess loss of jiashitong liquidation will increase the net profit not included in the consolidated financial statements at the consolidation time point and increase the net assets accordingly. The expected increase in net assets is the excess loss of jiashitong minus the internal current accounts payable. As of September 30, 2021, jiashitong’s net assets, i.e. excess loss, was -592131 million yuan, the company’s accounts receivable from jiashitong was 571488 million yuan (i.e. the total internal accounts payable of jiashitong), and the estimated loss risk exposure was 571488 million yuan. The company expects jiashitong’s liquidation to increase the net assets at the level of consolidated accounting statements by about 2.0644 million yuan, The specific increase of audit amount shall prevail.

After jiashitong enters the bankruptcy proceedings, the court will appoint an administrator to take over jiashitong. At that time, the company will lose control of jiashitong, and jiashitong will no longer be included in the scope of the company’s consolidated statements. The specific impact of this matter on the company’s finance shall be subject to the audit results.

4、 Other information and risk tips

At present, the company has not been informed of the progress after the court accepted jiashitong’s entry into bankruptcy proceedings. The company will continue to pay attention to the follow-up progress of the matter and fulfill the obligation of information disclosure in time in strict accordance with relevant regulations. All information of the company is on cninfo (www.cn. Info. Com. CN.) The announcement published on the shall prevail. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Boomsense Technology Co.Ltd(300312) board of directors

March 7, 2022

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