Securities code: Yiwu Huading Nylon Co.Ltd(601113) securities abbreviation: St Huading Announcement No.: 2022008 Yiwu Huading Nylon Co.Ltd(601113)
Announcement on the progress of bankruptcy reorganization of controlling shareholders
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.
Yiwu Huading Nylon Co.Ltd(601113) (hereinafter referred to as “Huading shares”) disclosed the suggestive announcement on the ruling and acceptance of the reorganization application of the controlling shareholder and its subsidiaries by the court in the early stage (see Announcement No. 2021039 for details). Sanding Holding Group Co., Ltd. (hereinafter referred to as “sanding holding”) held the first creditors’ meeting on August 11, 2021 (see Announcement No. 2021076 for details). The second creditors’ meeting of sanding holdings was held in the form of online meeting at 14:00 p.m. on February 28, 2022. Now the relevant progress is announced as follows:
1、 Progress
The main content of the second creditors’ meeting of sanding holdings is to vote on the draft reorganization plan (hereinafter referred to as the “draft”), which intends to solve the problem of capital occupation of listed companies by introducing reorganization investors, and clarify that Yiwu Shunhe Enterprise Consulting Management Co., Ltd. and / or its designated third party will eventually become the reorganization investor of sanding Holdings (hereinafter referred to as the “reorganization investor”), Yiwu Shunhe Enterprise Management Consulting Co., Ltd. is wholly owned by the state owned assets supervision and Administration Office of Yiwu Municipal People’s government.
According to the draft, the restructuring investor will acquire 8.51% of Huading shares held by sanding holdings in cash. If it can be approved and implemented smoothly, the restructuring investor of sanding holdings and / or its designated third party will become the new actual controller of Huading shares, and the restructuring investor will be responsible for solving the problem of capital occupation. The restructuring plan will take effect after being approved by the court.
2、 Risk tips
1. The share transfer in the above draft may involve the change of the actual controller of the listed company, and the relevant share transfer will strictly comply with Article 9 of the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies on Shanghai Stock Exchange and relevant laws and regulations. The board of directors of the company will pay close attention to the progress of the above matters and disclose them in a timely manner.
2. At present, the draft has not been voted at the creditors’ meeting and has not been approved by the court. There is still uncertainty about the success of the reorganization of the controlling shareholders. Please invest rationally and pay attention to the risks.
The company will pay close attention to and timely disclose the progress of the above matters to safeguard the legitimate rights and interests of the company and the majority of investors. The designated information disclosure media of the company are China Securities News, Shanghai Securities News, securities times and Securities Daily, and the designated information disclosure website is the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company is subject to the information disclosed in the above designated media and websites. Please pay attention to the investment risks.
It is hereby announced.
Yiwu Huading Nylon Co.Ltd(601113) board of directors March 1, 2022
