Securities code: 300596 securities abbreviation: Rianlon Corporation(300596) Announcement No.: 2022-001 Rianlon Corporation(300596)
Announcement on receiving the notice of Shenzhen Stock Exchange on suspending examination
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.
Rianlon Corporation(300596) (hereinafter referred to as “the company”) intends to purchase 92.2109% equity of Jinzhou Kangtai lubricating oil additives Co., Ltd. (hereinafter referred to as “the target company”) by issuing shares and paying cash. At the same time, the company plans to issue shares to no more than 35 specific objects to raise matching funds (hereinafter referred to as “this reorganization” or “this transaction”).
On December 31, 2021, the company received the notice of suspension of review from Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”): ” Rianlon Corporation(300596) since the financial statements and evaluation materials recorded in the restructuring application documents have expired and need to be supplemented and submitted, the exchange will stop reviewing them in accordance with the relevant provisions of the review rules for major asset restructuring of companies listed on GEM”.
1、 Basic information of this reorganization
1. On June 11, 2021, the company received the notice on accepting the application documents of Tianjin Lianlong new materials Co., Ltd. for issuing shares to purchase assets and raising supporting funds issued by Shenzhen Stock Exchange (szss [2021] No. 208). Shenzhen Stock Exchange checked the report on issuing shares to purchase assets and raising supporting funds and relevant application documents submitted by the company, considered that the application documents were complete, and decided to accept them. For details, see the relevant announcement disclosed by the company on cninfo.com on June 11, 2021.
2. On September 22, 2021, the company received the announcement on the results of the first review meeting of the gem M & a committee in 2021 issued by the listing review center of Shenzhen Stock Exchange. The listing review center of Shenzhen stock exchange purchased 92.2109% equity of Jinzhou Kangtai lubricating oil additives Co., Ltd. by issuing shares and paying cash submitted by the company, At the same time, the issue of shares to no more than 35 specific objects to raise supporting funds was reviewed. The review result was that it was agreed to issue shares to purchase assets. For details, see the relevant announcement disclosed by the company on cninfo.com on September 23, 2021.
3. October 19, 2021, The company received the notice of suspension of review from Shenzhen Stock Exchange: “as the target company of this restructuring is under construction, and the construction of 50000 tons of lubricating oil additives per year has not yet obtained the approval of energy conservation review, it is necessary to further implement relevant matters, the listed company and independent financial consultant actively apply for suspension of the review procedure of restructuring, in accordance with the review rules for major asset restructuring of companies listed on the gem of Shenzhen Stock Exchange In accordance with the relevant provisions of Article 51, the bourse shall suspend its reorganization review “. See the relevant announcement disclosed by the company on cninfo.com on October 20, 2021 for details.
4. On November 26, 2021, the subject company obtained the review opinions on the energy saving report of 38000 T / a lubricating oil additive construction project of Jinzhou Kangtai Lubricating Oil Additive Co., Ltd. issued by Jinzhou Development and Reform Commission (jfgf [2021] No. 291). Since this transaction has passed the energy-saving review and approval, the company submitted an application for resumption of review to Shenzhen Stock Exchange and obtained the consent of Shenzhen stock exchange for resumption. For details, see the relevant announcement disclosed by the company on cninfo.com on November 29, 2021.
2、 Reason for suspending audit
The base date of the audited financial data of the subject company of this reorganization is June 30, 2021, the expiration date of the financial data is December 31, 2021, the evaluation base date is December 31, 2020, and the expiration date of the evaluation data is December 31, 2021. As the financial data and evaluation data recorded in the reorganization application document have expired and need to be supplemented, the review of the reorganization application is suspended in accordance with the relevant provisions of the review rules for major asset reorganization of GEM listed companies.
The company is promoting additional audit, evaluation and updating application materials. After the relevant work is completed, the company will immediately update the application materials to Shenzhen Stock Exchange and apply for resumption of review.
3、 Impact of audit suspension on the company
The suspension of audit will not have a significant adverse impact on the company’s production and operation activities, and the company’s production and operation is normal.
4、 Risk tips
On September 24, 2021, the company disclosed the report on Rianlon Corporation(300596) issuing shares and paying cash to purchase assets and raise supporting funds (Registration draft), in which the “major risk tips” described in detail the risk factors existing in this restructuring. The company will timely perform the obligation of information disclosure according to the review progress of the matter. Please pay attention to the investment risk.
It is hereby announced.
Rianlon Corporation(300596)
Board of directors
January 4, 2022
