Weifang Yaxing Chemical Co.Ltd(600319) : announcement of abnormal fluctuation of Weifang Yaxing Chemical Co.Ltd(600319) stock trading

Stock abbreviation: ST Yaxing Stock Code: Weifang Yaxing Chemical Co.Ltd(600319) No.: pro 2022019 Weifang Yaxing Chemical Co.Ltd(600319)

Announcement of abnormal fluctuations 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:

Weifang Yaxing Chemical Co.Ltd(600319) (hereinafter referred to as “the company”) the stock price of Weifang Yaxing Chemical Co.Ltd(600319) (hereinafter referred to as “the company”) deviated from the daily closing price by 15% in three consecutive trading days on March 4, 2022, March 7, 2022 and March 8, 2022. According to the trading rules of Shanghai Stock exchange and other relevant regulations, it belongs to the situation of abnormal fluctuation of stock trading.

After the company’s self-examination and written confirmation to the controlling shareholder Weifang urban construction and Development Investment Group Co., Ltd. (hereinafter referred to as “Weifang Urban Investment Group”), as of the disclosure date of this announcement, except for the non-public issuance of A-Shares and the application for cancellation of delisting risk warnings disclosed by the company, The company and its controlling shareholders confirm that there is no other material information that should be disclosed but not disclosed.

On March 7, 2022, the company issued the announcement on applying for cancellation of the delisting risk warning of the company’s shares. The company has applied to Shanghai stock exchange for cancellation of the delisting risk warning and other risk warnings of the company’s shares. Whether the delisting risk warning and other risk warnings of the company’s shares can be revoked still needs the examination and confirmation of Shanghai Stock Exchange. The company will timely perform the obligation of information disclosure according to the progress of the above application matters. Please pay attention to investment risks.

On March 6, 2022, the company received the inquiry letter on information disclosure supervision of Weifang Yaxing Chemical Co.Ltd(600319) 2021 annual report (szgh [2022] No. 0169) issued by Shanghai Stock Exchange, requiring the company and accountants to demonstrate the ability of sustainable operation. If the audit report of the financial accounting report of the latest fiscal year shows that the company’s ability of sustainable operation is uncertain, The company’s shares will continue to implement other risk warnings, and investors are invited to pay attention to relevant risks.

1、 Abnormal fluctuations in stock trading

The daily closing price of the company’s shares (Stock Code: Weifang Yaxing Chemical Co.Ltd(600319) , stock abbreviation: ST Yaxing) has deviated by 15% in three consecutive trading days on March 4, 2022, March 7, 2022 and March 8, 2022. According to the trading rules of Shanghai Stock Exchange and other relevant regulations, it belongs to the situation of abnormal fluctuation of stock trading.

2、 Relevant information concerned and verified by the company

(I) production and operation

According to the self inspection of the company, the original production plant of the company was completely shut down and relocated simultaneously on October 31, 2019. After intensive relocation and construction, up to now, the completed units have operated well, and the phase II relocation project is actively promoting the construction,

In order to ensure the smooth construction of the relocation project and the continuous improvement of business capacity, the company actively applies to relevant departments for the allocation of relocation compensation. Up to now, the company has received relocation compensation totaling 1.051 billion yuan, and the company will continue to actively apply for appropriation of the rest of the compensation.

(II) major events

1. The company held the third meeting of the 8th board of directors on April 28, 2021, which deliberated and passed the plan for non-public development of A-Shares and related proposals. For details, see the plan for Weifang Yaxing Chemical Co.Ltd(600319) non-public development of A-Shares disclosed by the company on April 29, 2021.

On December 10, 2021, the company disclosed the announcement on reply to the letter on please make preparations for the meeting of Weifang Yaxing Chemical Co.Ltd(600319) non-public development bank stock issuance and Examination Committee (No.: pro 2021074). As of the disclosure date of this announcement, the non-public offering of A-Shares of the company still needs the approval of China Securities Regulatory Commission, and there is still uncertainty whether it can be approved or not. The company will timely fulfill the obligation of information disclosure according to the progress of the above matters. Please pay attention to the investment risks.

2. On March 7, 2022, the company disclosed the announcement on applying for cancellation of the company’s stock delisting risk warning (No.: pro 2022017).

Shanghai Stock Exchange will decide whether to cancel the delisting risk warning and other risk warnings for the company’s shares according to the actual situation within 10 trading days after receiving the company’s application. According to article 9.1.11 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022): “before the bourse makes a decision on whether to revoke the risk warning and terminate the listing of shares, it may require the listed company to provide supplementary materials, and the period during which the company provides supplementary materials shall not be included in the period during which the bourse makes relevant decisions”.

Whether the delisting risk warning and other risk warnings of the company’s shares can be revoked still needs the examination and confirmation of Shanghai Stock Exchange. The company will timely perform the obligation of information disclosure according to the progress of the above application matters. Please pay attention to investment risks.

3. On March 6, 2022, the company received the inquiry letter on information disclosure supervision of Weifang Yaxing Chemical Co.Ltd(600319) 2021 annual report (szgh [2022] No. 0169) issued by Shanghai Stock Exchange, requiring the company and accountants to demonstrate the ability of sustainable operation. If the audit report of the financial accounting report of the latest fiscal year shows that the company’s ability of sustainable operation is uncertain, The company’s shares will continue to implement other risk warnings, and investors are invited to pay attention to relevant risks.

At present, the company and the accountant are preparing reply documents, and the company will timely fulfill the obligation of information disclosure according to the progress.

4. After the company sent a written letter to the controlling shareholder Weifang urban investment group, as of the disclosure date of this announcement, Weifang urban investment group confirmed that there was no material information that should be disclosed but not disclosed that may have a significant impact on the company’s stock trading price, including but not limited to debt restructuring, business restructuring, asset stripping and asset injection, share repurchase, equity incentive, bankruptcy reorganization Major business cooperation, introduction of strategic investors and other major issues. As of the disclosure date of this announcement, except for the delisting risk warning, other risk warnings and non-public issuance of A-Shares that have been disclosed by the company, the company has no other major information that should be disclosed but not disclosed that affects the abnormal fluctuation of the company’s stock trading price.

(III) media reports, market rumors and hot concepts

After verification by the company, the company has not found any public reports or market rumors that may have a great impact on the stock trading price of the company in the near future; Up to now, there is no other need to correct or supplement the information disclosed by the company in the early stage.

(IV) other stock price sensitive information

At present, the company is filling in the insider information in accordance with the requirements of the rules and submitting it to the Shanghai stock exchange for verification. At the same time, it is carrying out self-examination. After the relevant procedures are completed, the company will fulfill the obligation of information disclosure in time.

3、 Relevant risk tips

(I) secondary market transaction risk

The deviation of the daily closing price of the company’s shares has reached 15% in three consecutive trading days on March 4, 2022, March 7, 2022 and March 8, 2022. The actual fluctuation range of the stock price after excluding the overall factors of the market and the sector is large. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.

(II) uncertainty risk of media reports, market rumors and hot spot concepts

Since the company is applying for the cancellation of the delisting risk warning and other risk warnings of the company’s shares, and the non-public issuance of A-Shares still needs the approval of the CSRC, the above matters are uncertain, and it is not excluded that there may be subsequent media reports, market rumors and other information that may cause abnormal fluctuations in stock trading or general concern of market investors, The company will pay close attention to media reports or market rumors, and make public clarification or explanation in time according to the actual situation. The company reminds investors to improve their risk awareness. All major information of the company shall be subject to the information announced on the information disclosure media designated by the company, and invest rationally and prudently.

4、 Board statement

The board of directors of the company confirmed that, except for the cancellation of delisting risk warning and non-public issuance of A-Shares that have been disclosed by the company, the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to such matters, The board of directors has not been informed of the information that should be disclosed but not disclosed according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange and may have a great impact on the trading price of the company’s shares. The information disclosed by the company in the early stage does not need to be corrected or supplemented.

All information of the company is disclosed in the designated information disclosure media of the company, such as China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN) The information published shall prevail. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.

It is hereby announced.

Weifang Yaxing Chemical Co.Ltd(600319) board of directors March 8, 2002

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