Securities Announcement No.: 0027
Announcement on abnormal fluctuations in stock trading
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.
1、 Introduction to abnormal fluctuations in stock trading
Zhejiang Unifull Industrial Fibre Co.Ltd(002427) (hereinafter referred to as “the company”) shares (Securities abbreviation: Zhejiang Unifull Industrial Fibre Co.Ltd(002427) , securities code: Zhejiang Unifull Industrial Fibre Co.Ltd(002427) ) in March 9, March 10 and March 11, 2022, the cumulative deviation of the closing price increase exceeds 12%. According to the relevant provisions of the trading rules of Shenzhen Stock exchange, it belongs to the situation of abnormal fluctuation of stock trading.
2、 Description of the company’s concern and verification
In view of the abnormal fluctuation of the company’s stock trading, the board of directors of the company has verified the relevant matters of the company, controlling shareholders and indirect controlling shareholders. The relevant information is explained as follows:
1. The information disclosed by the company in the early stage does not need to be corrected or supplemented;
2. The company has not found that the recent important public media have reported unpublished material information that may or has had a great impact on the company’s stock trading price;
3. Recently, the company’s business situation and internal and external business environment have not changed significantly;
4. After verification, the company, the controlling shareholder and the indirect controlling shareholder unit do not have any major events that should be disclosed but not disclosed about the company, nor do they have any major events in the planning stage;
5. After verification, the controlling shareholder and indirect controlling shareholder units did not buy or sell the company’s shares during the abnormal fluctuation of stock trading;
6. Through self-examination, the company has no violation of fair information disclosure.
3、 Whether there is a description of the information that should be disclosed but not disclosed
The board of directors of the company confirms that the company has no undisclosed matters that should be disclosed according to the stock listing rules of Shenzhen Stock Exchange or planning, negotiation, intention, agreement, etc. related to the matters; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Risk tips deemed necessary by the company
1. The company has issued several announcements on litigation and arbitration matters on the designated information disclosure media. Due to the above litigation and arbitration matters, several bank accounts of the company and its wholly-owned subsidiaries have been frozen, and some assets have been sealed up or transferred for evaluation and auction. If the relevant assets are enforced, it will have an adverse impact on the company. The company will continue to pay attention to the follow-up progress and timely perform the obligation of information disclosure in accordance with relevant regulations.
2. At present, the company is in the pre reorganization process. The pre reorganization is conducive to the early start of the company’s creditor’s rights and debt liquidation and operation, and improve the promotion efficiency and feasibility of subsequent reorganization. If the company’s pre reorganization is successful and the reorganization is successfully implemented, it will be conducive to resolving debt risks, improving the company’s asset liability structure and optimizing performance. The risks related to the above matters are as follows:
(1) At present, the company is in the pre reorganization procedure, which is the procedure before the court formally accepts the reorganization and approves the reorganization plan. There is uncertainty about the success of the company’s pre reorganization. The company will pay close attention to the relevant situation and fulfill the obligation of information disclosure in time according to the progress.
(2) On January 8, 2022, the company received the application issued by Jiangxi Zichen Technology Co., Ltd., the creditor of the company, served by Huzhou intermediate people’s court. According to the relevant provisions of the enterprise bankruptcy law of the people’s Republic of China, the applicant argued that the respondent had been unable to pay off its due debts and obviously lacked solvency, but still had the value of reorganization, Apply to Huzhou intermediate people’s court for reorganization of the company, hoping to revitalize the company through the reorganization procedure and better safeguard the interests of creditors.
As of the date of this announcement, the company has not received the ruling of the court on the above reorganization application, whether the applicant’s application is accepted by the court, and whether the company enters the reorganization procedure is still uncertain. The company will pay close attention to the relevant situation and fulfill the obligation of information disclosure in time according to the progress.
(3) If the court decides to accept the reorganization application, the company’s stock trading will be subject to delisting risk warning according to item (VII) of article 9.4.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022). (4) If the court decides to accept the reorganization application, rule that the company enters the reorganization procedure, smoothly implements the reorganization and completes the reorganization plan, it will be conducive to resolving debt risks, improving the company’s asset liability structure and optimizing performance. If the reorganization cannot be carried out smoothly, the company will be at risk of being declared bankrupt. If the company is declared bankrupt, according to item (VI) of article 9.4.17 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s shares will face the risk of delisting. Please pay attention to the investment risk.
3. On January 22, 2022, the company released the performance forecast of 2021 (Announcement No.: 2022007) on the designated information disclosure media. It is estimated that the net assets of the company at the end of 2021 will be – 150 million yuan to – 110 million yuan. If the audited ending net assets of the company in 2021 are negative, according to item (II) of article 9.3.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), the company’s stock trading may be subject to delisting risk warning after the disclosure of the 2021 annual report.
4. The company solemnly reminds investors that the information disclosure media designated by the company are securities times, Shanghai Securities News and cninfo（ http://www.cn.info.com.cn. )。 All information of the company is subject to the information disclosed in the above designated media. Please pay attention to the announcement of the company and pay attention to the investment risk. It is hereby announced
Zhejiang Unifull Industrial Fibre Co.Ltd(002427) board of directors March 14, 2022
