Stock Code: 600515 stock abbreviation: * ST basic Announcement No.: pro 2021-116 Hna Infrastructure Investment Group Co.Ltd(600515)
Announcement on the completion of the implementation of the reorganization plan of the company and 20 subsidiaries
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.
Hna Infrastructure Investment Group Co.Ltd(600515) (hereinafter referred to as “HNA foundation” or “company”) and 20 subsidiaries received the civil ruling served by Hainan Higher People’s Court (hereinafter referred to as “Hainan high court”) on December 31, 2021. Hainan high court ruled that the implementation of the reorganization plan of Hna Infrastructure Investment Group Co.Ltd(600515) and its 20 subsidiaries (hereinafter referred to as “reorganization plan”) was completed, The details are as follows: I. overview of the reorganization of HNA foundation and 20 subsidiaries
On February 10, 2021, Hainan high court ruled to accept the creditor’s application for reorganization of the company and 20 subsidiaries, and designated the liquidation group of HNA Group as the manager of the company and 20 subsidiaries (hereinafter referred to as the “manager”) to be responsible for all work of reorganization, For details, see the announcement on the court ruling to accept the company’s reorganization and the risk warning of delisting of shares (No.: pro 2021-025) and the announcement on the court ruling to accept the reorganization of relevant subsidiaries of the company (No.: pro 2021-027) disclosed by the company on February 10, 2021.
The second creditors’ meeting and investor group meeting of HNA foundation and 20 subsidiaries’ reorganization plan were held on September 28, 2021. The investor group voted to approve the investor’s equity adjustment plan. For details, see the announcement on the convening of investor group meeting (No.: pro 2021-079) disclosed by the company on September 29, 2021. As of the expiration of the voting period, all voting groups have voted and approved the reorganization plan of Hna Infrastructure Investment Group Co.Ltd(600515) and its 20 subsidiaries (Draft). For details, see the announcement on the convening and voting results of the second creditors’ meeting of the company and its 20 subsidiaries on October 23, 2021 (No.: Pro 2021-082).
On October 31, 2021, Hainan high court ruled to approve the reorganization plan. For details, see the announcement on court ruling to approve the reorganization plan of the company and 20 subsidiaries (No.: p.2021-090) disclosed by the company on October 31, 2021.
On December 30, 2021, the company and 20 subsidiaries submitted the report on the completion of the implementation of the reorganization plan to the manager. On the same day, the manager submitted the supervision report on the implementation of the reorganization plans of 21 companies such as Hna Infrastructure Investment Group Co.Ltd(600515) to Hainan high court, and submitted it to Hainan high court for ruling to confirm that the implementation of the reorganization plan has been completed.
On December 31, 2021, the company and 20 subsidiaries received the civil ruling served by Hainan high court, confirming that the reorganization plan has been implemented.
2、 Main contents of civil ruling
Hainan high court believes that HNA foundation and its 20 subsidiaries have completed the stock increase and transfer, cash settlement and reservation, debt retention arrangement and other matters specified in the reorganization plan under the supervision of the manager, which meets the standards for completion of implementation specified in the reorganization plan. The situation stated by the manager is true, and their application should be allowed. Accordingly, in accordance with Article 4, paragraph 1 of Article 91 and article 94 of the enterprise bankruptcy law of the people’s Republic of China and item 11 of paragraph 1 of Article 154 of the Civil Procedure Law of the people’s Republic of China, it is decided to confirm that HNA foundation and its 20 subsidiaries have completed the implementation of the reorganization plan of Hna Infrastructure Investment Group Co.Ltd(600515) and its 20 subsidiaries. This ruling is final and effective from now on.
3、 Impact of reorganization on the company
After the company entered the reorganization procedure, by adjusting the rights and interests of investors in the reorganization procedure and introducing reorganization investors to provide financial support, the legitimate rights and interests of all creditors were protected to the greatest extent, the company’s debt crisis was resolved and the company’s asset liability structure was improved. After the implementation of the restructuring plan, with the resolution of the debt crisis and the restructuring investors’ support for the company’s business development, the company will gradually restore its sustainable operation ability and profitability, return to the benign development track, and will also have a positive impact on the company’s net assets and net profit in 2021, The specific financial data of the company in 2021 shall be subject to the audited financial statements.
4、 Risk tips
The annual financial report of the company in 2020 is an audit report issued by China audit Zhonghuan Certified Public Accountants (special general partnership) that cannot express an opinion. If the company’s 2021 financial report is issued by an accounting firm with an audit report that cannot express an opinion or negative opinion, according to article 13.3.12 of the stock listing rules of Shanghai Stock Exchange (hereinafter referred to as the “Listing Rules”), the company’s shares will face the risk of being finally listed.
The company’s implementation of reorganization and the completion of the reorganization plan will be conducive to improving the company’s asset liability structure and operating conditions. However, if the company’s subsequent operation and financial indicators do not meet the requirements of relevant regulatory regulations such as the listing rules, the company’s shares still face the risk of delisting or termination of listing.
The company solemnly reminds investors that the information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times, securities daily and the website of Shanghai Stock Exchange (www.sse. Com.. CN), All information of the company shall be subject to the information disclosed in the above designated media and websites. Please make careful decisions and pay attention to investment risks.
It is hereby announced
Hna Infrastructure Investment Group Co.Ltd(600515) board of directors December 31, 2001
