Securities code: Oriental Times Media Corporation(002175) securities abbreviation: ST Dongwang Announcement No.: 2022009 Oriental Times Media Corporation(002175)
Risk warning announcement
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.
Oriental Times Media Corporation(002175) (hereinafter referred to as "the company") has implemented delisting risk warning on May 6, 2021 because the audited ending net assets in 2020 are negative. Since the net profit of the company before and after deducting non recurring profits and losses from 2018 to 2020, whichever is lower, is negative, and the audit report of 2020 shows that there is uncertainty in the company's sustainable operation ability, the company's shares have implemented other risk warnings on May 6, 2021, For detailed information, please refer to the announcement on warning of additional risks and delisting risks of the company's shares disclosed by the company (Announcement No.: 2021037).
According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange, "In case of any of the following circumstances in the first fiscal year after the delisting risk warning is implemented for the stock trading of a listed company due to the circumstances in items (I) to (III) of paragraph 1 of article 9.3.1 of these rules, the exchange decides to terminate the listing and trading of its shares: (I) The audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan; (II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; (III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions; (IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) failing to apply to the bourse for cancellation of delisting risk warning within the specified time limit despite meeting the conditions specified in article 9.3.7; (VI) because it does not meet the conditions specified in article 9.3.7, its application for cancellation of delisting risk warning has not been examined and approved by the exchange. " If one of the above six situations occurs in 2021, the listing of the company's shares will be terminated. Please pay attention to investment risks. The company will handle the above risk warning according to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange after the annual audit accounting firm issues the 2021 audit report. The company has released the performance forecast for 2021 (Announcement No.: 2022006) on January 29, 2022. According to the calculation of the financial department of the company, the expected range of net profit attributable to the parent company in 2021 is 350 million yuan to 500 million yuan, and the expected range of net assets attributable to the parent company by the end of 2021 is 300 million yuan to 420 million yuan. The above data has not been audited, and the final financial data shall be subject to the 2021 audit report disclosed by the company. See the announcement on cninfo.com for details.
As of the date of this announcement, the annual report audit in 2021 is still in normal progress.
The information disclosure media designated by the company are Shanghai Securities News, Securities Daily, securities times, China Securities News and cninfo. Com. All information of the company shall be subject to the announcement published in the above media.
It is hereby announced.
Oriental Times Media Corporation(002175) board of directors March 11, 2002
