Securities code: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022018
Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd
Announcement on the progress of judicial auction of some shares 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.
Important content tips
The subject matter to be judicially disposed of this time is 27243590 non restricted liquid shares of the company held by the controlling shareholder of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd. (hereinafter referred to as "the company" or " Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) "), Zhongshan Runtian Investment Co., Ltd. (hereinafter referred to as "Zhongshan Runtian"), accounting for 3.42% of the total share capital of the company. The disposal method is to use the stock price to offset the debt.
After the judicial disposal of the shares is completed, Zhongshan Runtian will hold 165747315 non restricted circulating shares of the company, accounting for 20.81% of the total share capital of the company. The judicial disposal of the shares will not lead to the change of the controlling right of the company, affect the production and operation of the company, or cause the equity distribution of the company not to meet the listing conditions.
Zhongshan Runtian has raised an objection to the disposal and applied to the court to revoke the execution ruling. The company will fulfill the obligation of information disclosure according to the follow-up progress.
1、 Overview of judicial auction
The company received the notice from the controlling shareholder Zhongshan Runtian on February 20, 2022 that it held 27243590 non restricted tradable shares of the company (accounting for 3.42% of the total share capital of the company), The judicial auction will be conducted on the Alibaba judicial auction network platform of Lhasa intermediate people's Court of Tibet Autonomous Region (hereinafter referred to as "Lhasa intermediate court") from 10:00 on March 22, 2022 to 10:00 on March 23, 2022 (except for delay). For details, please refer to Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) about the judicial auction of some shares held by controlling shareholders
Securities code: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022018
Suggestive announcement (Announcement No.: 2022007).
On March 1, 2022, the company received the notification letter from Zhongshan Runtian. The above 27243590 non restricted tradable shares held by Zhongshan Runtian will be auctioned by the judiciary, of which 23899116 shares will be applied by the creditor to increase the method of enforcement, which can be forcibly sold through block trading and bidding. For details, please refer to the company's announcement on the progress of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) controlling shareholder's passive share reduction plan and judicial auction (Announcement No.: 2022013).
2、 Progress of judicial auction
The company received the notice from the controlling shareholder Zhongshan Runtian on March 10, 2022, and received the execution ruling of Lhasa intermediate people's Court [(2022) Zang 01 Zhi No. 76-7]. In accordance with Article 37 of the provisions of the Supreme People's Court on Several Issues concerning the execution of the work of the people's Court (for Trial Implementation), the ruling is as follows:
(I) deliver 27243590 shares of " Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) " held by Zhongshan Runtian to the Bank of Tibet Co., Ltd. (hereinafter referred to as "Bank of Tibet") as the executor of the application to offset part of the debts of Zhongshan Runtian and other Executees at the closing price of RMB 29.91 per share on the decision date (March 9, 2022); The ownership of the shares shall be transferred from the time they are delivered to the Tibet bank, the executor of the application.
(II) the Bank of Tibet, the applicant for enforcement, may go through the relevant property right transfer registration procedures at the registration institution with the ruling, and the expenses arising from the transfer shall be borne by the person subjected to enforcement.
3、 Objections of Zhongshan Runtian
1. According to the notification letter, after receiving the execution ruling, Zhongshan Runtian disagreed with the execution and submitted a request to Lhasa intermediate people's court to revoke the above execution ruling. Reasons such as
Securities code: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022018
Below:
"(1) according to Article 30 of the provisions of the Supreme People's Court on the auction and sale of property in the civil execution of the people's Court (revised in 2020) (hereinafter referred to as the provisions on the auction and sale of property):" if the state-owned shares and social legal person shares of listed companies are auctioned in the execution procedure, the Supreme People's court shall apply Provisions on Several Issues concerning the freezing and auction of state-owned shares and social legal person shares of listed companies (hereinafter referred to as "provisions on certain issues") ". According to the provisions of Article 2 and paragraph 3 of Article 8 of the provisions on certain issues, the Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) shares held by Zhongshan Runtian belong to social legal person shares, which shall be executed by the court through auction and shall not be directly executed to creditors.
(2) In accordance with Article 491 of the interpretation of the Supreme People's Court on the use of the Civil Procedure Law of the people's Republic of China, Article 14 of the provisions of the Shanghai financial Court on the disposal of shares of Listed Companies in enforcement procedures (for Trial Implementation), Article 16 of the provisions on auction and sale of property, and Article 13 of the provisions on certain issues, Only with the consent of Zhongshan Runtian can the court directly decide to pay debts with shares without judicial auction (Zhongshan Runtian has replied in writing on February 27, 2022 that the court does not agree with the disposal method of paying debts with shares). Otherwise, the court can only consider whether to use the disposal method of paying debts with shares after the judicial auction.
(3) According to Article 16 of the provisions on auction and sale of property and Article 13 of the provisions on certain issues, the court shall consider whether to use the disposal method of paying debts with shares after the judicial auction is closed, and when using the disposal method of paying debts with shares, the price of compensation shall refer to the auction reserve price. Whether in accordance with the relevant provisions of the provisions of the Shanghai financial Court on the disposal of shares of Listed Companies in execution procedures (for Trial Implementation) and the working guidelines of the Shenzhen intermediate people's Court of Guangdong Province on the compulsory execution of shares of listed companies (for Trial Implementation), or according to the actual practices of local courts, judicial auction
Securities code: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) securities abbreviation: Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) Announcement No.: 2022018
The selling reserve price is generally based on the closing average price of the first 20 transactions. "
2. With regard to the freezing and disposal of the company's shares, Zhongshan Runtian is actively negotiating solutions with relevant parties and will resolutely safeguard the legitimate rights and interests of itself and all shareholders.
4、 Relevant information description and risk tips
The company will pay close attention to the progress of the above matters and fulfill the obligation of information disclosure in time in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange. The information disclosure media designated by the company are Shanghai Securities News, China Securities News, securities times, securities daily and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information publicly disclosed by the company shall be subject to the content published in the above designated information disclosure media. Please pay attention to the follow-up announcement and pay attention to the investment risk.
It is hereby announced.
Board of directors of Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) technology industry (Group) Co., Ltd. March 11, 2022
