Securities code: Super Telecom Co.Ltd(603322) securities abbreviation: St chaoxun Announcement No.: 2022028 Super Telecom Co.Ltd(603322)
Announcement on the progress of other matters related to the implementation of risk warning in stock trading
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 this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, the company’s stock trading was subject to other risk warnings from February 9, 2022 because the company’s illegal guarantee items failed to be paid off or rectified within one month.
1、 Relevant information of other risk warnings implemented
Super Telecom Co.Ltd(603322) (hereinafter referred to as “the company”) holding subsidiary Shanghai Sangrui Electronic Technology Co., Ltd. (hereinafter referred to as “Sangrui Electronics”) and its wholly-owned subsidiary Liaoning Minsheng Intelligent Instrument Co., Ltd. (hereinafter referred to as “Minsheng intelligent”) legal representative / Chairman / executive director Meng fanding without any authorization of the company, Privately provide illegal guarantee for Diaobingshan Hongding Taisong Real Estate Development Co., Ltd. controlled by it and Diaobingshan Shuntong Coal Industry Co., Ltd. controlled by its related parties in the name of Sangrui electronics and Minsheng intelligence. Due to the company’s failure to complete the liquidation or rectification of the above illegal guarantees within one month, the company’s stock trading has been subject to other risk warnings since February 9, 2022. For details, please refer to the suggestive announcement on the implementation of other risk warnings in stock trading and the suspension of stock trading of the company (Announcement No.: 2022015) disclosed by the company on February 8, 2022.
2、 Main measures and progress for canceling risk warning
Since the implementation of other risk warnings for stock trading on February 9, 2022, the company has continuously urged the responsible person Meng fanding to lift the bank freeze as soon as possible, eliminate the guarantee status as soon as possible, and safeguard the rights and interests of all shareholders. Meanwhile, with regard to the settlement of the above-mentioned illegal guarantee matters, we have strengthened communication with Tieling Bank Co., Ltd. (hereinafter referred to as “Tieling bank”) and Diaobingshan people’s court, continued to promote the negotiation of various solutions, and made progress as follows:
1. Release of pre litigation property preservation
The bank accounts related to Sangrui electronics and Minsheng intelligence were frozen because Tieling bank Diaobingshan / Hongqi branch filed a pre litigation property preservation application to the court. After active communication and consultation between all parties, the company received two civil rulings served by Diaobingshan Municipal People’s Court on February 21, 2022. Diaobingshan branch of Tieling bank voluntarily applied for the release and preservation of Sangrui electronics, Minsheng intelligence and other defendant’s relevant sealed up and frozen properties; Hongqi sub branch of Tieling bank voluntarily applied for the release and preservation of relevant bank accounts of Sangrui electronics. For details, please refer to the announcement on receiving the ruling on lifting property preservation before litigation (Announcement No.: 2022024) and the announcement on lifting the freezing of bank accounts of subsidiaries (Announcement No.: 2022025) disclosed by the company.
2. Withdrawal of litigation application for early repayment of loan
Due to the dispute over the loan contract, tiaobingshan branch of Tieling bank filed a lawsuit with Diaobingshan Municipal People’s court, requesting the court to order Minsheng intelligent to repay its 56.4 million yuan loan principal and relevant interest in advance, and requiring sang Rui electronics and Meng fanding to bear relevant joint and several payment liabilities. After active communication and negotiation between all parties, the company received the civil ruling served by Diaobingshan Municipal People’s Court on February 21, 2022, and the plaintiff Diaobingshan branch of Tieling bank withdrew the legal proceedings against Sangrui electronics, Minsheng intelligence and Meng fanding in the case of loan contract dispute. For details, please refer to the announcement on progress of illegal guarantee matters and receipt of withdrawal ruling disclosed by the company (Announcement No.: 2022023)
3. Exemption from guarantee liability
Due to the dispute over the loan contract, Hongqi sub branch of Tieling bank filed a lawsuit with the people’s Court of Diaobingshan City, requesting the court to order Diaobingshan Shuntong Coal Industry Co., Ltd. to pay the loan principal and interest totaling about 203 million yuan, preservation fees, litigation fees and other related expenses. Sangrui Electronics and other defendants shall be jointly and severally liable for the above expenses. Under the organization of Diaobingshan people’s court, the plaintiff and the defendant voluntarily reached a mediation. The company received the civil mediation letter served by Diaobingshan people’s Court on March 7, 2022. According to the civil mediation letter, the company agreed to exempt the defendant sang Rui electronics from joint and several guarantee liability. For details, see the announcement on progress of illegal guarantee matters and receipt of civil mediation (Announcement No.: 2022027) disclosed by the company on the same day. 3、 Other instructions and relevant risk tips
As for the matters related to this illegal guarantee, Hongqi branch of Tieling bank reached a mediation with Sangrui electronics and other parties, and Sangrui electronics is not required to bear the guarantee responsibility. However, up to now, Tieling bank Diaobingshan sub branch has sued Hongding Taisong to pay about 231 million yuan of loan principal and interest, preservation fees, litigation fees and other related expenses. The case of Sangrui electronics, Minsheng intelligence and other defendants bearing joint and several liability for the above expenses is still under communication, and the risk of illegal guarantee has not been finally eliminated, Subsequently, the company will continue to make efforts to implement various measures to resolve the guarantee risk as soon as possible and safeguard the rights and interests of all shareholders.
The company will continue to pay attention to the follow-up progress of the above matters and fulfill the obligation of information disclosure in time. Information about the company can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcement published by the information disclosure media designated by the company shall prevail. Please pay attention to the announcement and pay attention to the investment risk.
It is hereby announced.
Super Telecom Co.Ltd(603322) board of directors March 7, 2022
