Securities code: 002766 securities abbreviation: * ST soling Announcement No.: 2022-005 Shenzhen Soling Industrial Co.Ltd(002766)
Announcement on the court's ruling confirming the completion of the implementation of the company's reorganization plan
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
On December 31, 2021, Shenzhen Soling Industrial Co.Ltd(002766) (hereinafter referred to as "soling shares" or "the company") received the civil ruling (2021) Yue 03 Po No. 599 bis made by Shenzhen intermediate people's Court (hereinafter referred to as "Shenzhen intermediate people's court"), and Shenzhen intermediate people's court ruled that the implementation of the Shenzhen Soling Industrial Co.Ltd(002766) reorganization plan (hereinafter referred to as "reorganization plan") was completed, Terminate the reorganization procedure of soling shares. The details are as follows:
1、 Overview of corporate restructuring
On August 21, 2020, Jianhua building materials (China) Co., Ltd. applied to Shenzhen intermediate people's court for reorganization of soling shares because soling shares could not pay off its due debts and obviously lacked solvency. On December 15, 2020, Shenzhen intermediate people's court decided to start the pre reorganization procedure of soling shares and appointed Beijing Jindu (Shenzhen) law firm as the manager during the pre reorganization period. For details, please refer to the announcement on the court's decision to start the pre reorganization of the company and appoint the manager during the pre reorganization period (Announcement No.: 2020-107) disclosed by the company on December 17, 2020.
On November 26, 2021, Shenzhen intermediate people's court ruled to accept the case of soling's share restructuring, and appointed Beijing Jindu (Shenzhen) law firm as the manager on November 29, 2021. For details, see the announcement on the court's decision to accept the company's reorganization and continued delisting risk warning (Announcement No.: 2021-057) and the announcement on receiving the decision of the court's designated Manager (Announcement No.: 2021-059) disclosed on the same day. On December 27, 2021, the company received the civil ruling (2021) Yue 03 Po No. 599 delivered by Shenzhen intermediate people's court, which ruled to approve the soling share restructuring plan and terminate the soling share restructuring procedure. For details, see the announcement on the court's ruling to approve the reorganization plan (Announcement No.: 2021-084) disclosed by the company on the same day. 2、 Main contents of civil ruling
On December 31, 2021, soling Co., Ltd. received the civil ruling (2021) Yue 03 Po No. 599 bis made by Shenzhen intermediate people's court, the main contents are as follows:
"The court considers that the reorganization plan of soling Co., Ltd The standards for the completion of the implementation of the reorganization plan are clearly specified. According to the above standards, the reorganization plan of this case has been implemented after being supervised and confirmed by the manager. As of December 31, 2021, the supervisory responsibilities of the manager of soling Co., Ltd. to soling Co., Ltd. shall be terminated. For the remaining matters such as distribution to creditors involved in the reorganization of soling Co., Ltd., the manager of soling Co., Ltd. shall continue to complete. In view of the completion of the implementation of the reorganization plan and the completion of the reorganization work in this case, soling Co., Ltd. applied to confirm that the completion of the implementation of its reorganization plan complies with the legal provisions. In accordance with the provisions of paragraph 1 of Article 91 and article 94 of the enterprise bankruptcy law of the people's Republic of China, it is determined as follows:
(i) Confirm that the Shenzhen Soling Industrial Co.Ltd(002766) reorganization plan has been implemented;
（2） . terminate Shenzhen Soling Industrial Co.Ltd(002766) bankruptcy reorganization proceedings. "
3、 Impact of reorganization on the company
After the company entered the reorganization procedure, by means of adjusting the rights and interests of investors and introducing reorganization investors to provide financial support in the reorganization procedure, the legitimate rights and interests of all creditors were protected to the greatest extent, the company's debt crisis was effectively 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 support of investors for the company's business development, the company will gradually restore its profitability and return to a benign and steady development track. According to preliminary calculation, this reorganization will also have a positive impact on the company's financial situation in 2021. The specific financial data of the company in 2021 shall be subject to the audited financial statement data.
In view of the completion of the company's reorganization plan, the company will apply to Shenzhen stock exchange for cancellation of the delisting risk warning of the company's shares due to reorganization in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised 2020) (hereinafter referred to as the "Stock Listing Rules").
4、 Risk tips
1. As the audited net assets of the company in 2020 are negative, the company has been warned of delisting risk. According to article 14.3.11 of the stock listing rules, if one of the following circumstances occurs in 2021, the listing and trading of the company's shares will be terminated by Shenzhen Stock Exchange: (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 is negative and the operating income is less than 100 million yuan after retroactive restatement; （2） The audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; （3） An audit report with qualified opinions, unable to express opinions or negative opinions is issued in the financial and accounting report; （4） 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; （5） Although it meets the conditions specified in article 14.3.7, it fails to apply to Shenzhen stock exchange for cancellation of delisting risk warning within the specified time limit; （6） Because it does not meet the conditions specified in article 14.3.7, its application for cancellation of delisting risk warning has not been examined and approved by Shenzhen Stock Exchange.
2. At present, due to the freezing of major bank accounts and the weak profitability of the company's main business, the company's shares have been subject to other risk warnings.
3. Even if the company implements the reorganization and the implementation is completed, if the subsequent operation and financial indicators of the company do not meet the requirements of relevant regulatory regulations such as the stock listing rules, the company's shares still have the risk of delisting risk warning or delisting. Please invest rationally and pay attention to risks.
5、 Documents for future reference
Civil ruling of Shenzhen intermediate people's Court (2021) Yue 03 Po No. 599-2
Subsequently, the company will timely perform the obligation of information disclosure in accordance with the relevant provisions and requirements of the stock listing rules. The company solemnly reminds investors: China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com.. CN.) As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media.
It is hereby announced.
Shenzhen Soling Industrial Co.Ltd(002766) board of directors January 4, 2022
