Stock Code: 600847 stock abbreviation: Chongqing Wanli New Energy Co.Ltd(600847) Announcement No.: 2022-001 Chongqing Wanli New Energy Co.Ltd(600847)
Stock trading abnormal fluctuation announcement
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:
● Chongqing Wanli New Energy Co.Ltd(600847) (hereinafter referred to as “the company” and “the listed company”) shares deviated from the closing price by more than 20% in three consecutive trading days on December 31, 2021, January 4, 2022 and January 5, 2022. According to the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
● the company is planning to acquire the control of Chongqing Teri battery materials Co., Ltd. (hereinafter referred to as “Teri battery” or “target company”) through major asset replacement and share issuance, and raise supporting funds. This transaction constitutes a major asset restructuring stipulated in the administrative measures for major asset restructuring of listed companies and also a related party transaction. The subsequent audit and evaluation work of this transaction will be carried out. The company has not signed a formal transaction agreement with the target company, its controlling shareholders and minority shareholders. At the same time, this transaction needs to be submitted to the board of directors and the general meeting of shareholders for deliberation, and can be formally implemented after being approved by the competent regulatory authority. There is still great uncertainty whether this transaction can pass the deliberation of the company’s board of directors, the general meeting of shareholders and the approval of regulatory authorities, and whether all parties to the transaction can reach an agreement on the final transaction scheme. Please pay attention to relevant announcements and pay attention to investment risks. ● although the company has formulated confidentiality measures in accordance with relevant regulations and implemented them strictly by reference, in the process of this transaction, there is still the possibility that this transaction may be suspended, suspended or cancelled due to the abnormal fluctuation of the company’s share price or the abnormal transaction may be suspected of insider trading. Please pay attention to the relevant risks.
1、 Abnormal fluctuations in stock trading
The cumulative deviation of the closing price increase of the company’s shares for three consecutive trading days on December 31, 2021, January 4, 2022 and January 5, 2022 exceeds 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company’s shares, the company has verified the relevant matters, and the relevant information is described as follows: (I) production and operation
According to the company’s self inspection, the company’s daily operation is normal and the external environment has not changed significantly.
（2） Major events
The company is planning to acquire the control right of Teri battery through major asset replacement and share issuance, and raise supporting funds. This transaction constitutes a major asset restructuring stipulated in the administrative measures for major asset restructuring of listed companies and also a related party transaction. Due to the uncertainty of relevant matters, in order to protect the interests of investors and avoid significant impact on the company’s share price, according to the relevant provisions of Shanghai Stock Exchange, the trading of the company’s shares will be suspended from the opening of the market on Thursday, January 6, 2022, and the suspension is expected to be no more than 10 trading days. See Chongqing Wanli New Energy Co.Ltd(600847) announcement on suspension of planning for major asset restructuring disclosed by the company on the same day (Announcement No.: 2022-002).
After the company’s self-examination and verification by sending letters to the controlling shareholders and actual controllers, in addition to the above matters, the company, the controlling shareholders and actual controllers do not have any major information that should be disclosed but not disclosed related to the company, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset stripping and asset injection related to the company Share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major issues.
（3） Media reports, market rumors and hot concepts
Upon verification by the company, no media reports or market rumors requiring clarification or response are found, nor is the concept of market hot spots involved.
（4） Other stock price sensitive information
After verification by the company, the controlling shareholder, actual controller, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading, and there were no other major events that may have a great impact on the company’s stock price.
3、 Relevant risk tips
1. There is uncertainty in major asset restructuring.
The subsequent audit and evaluation work of this transaction will be carried out. The company has not signed a formal transaction agreement with the target company, its controlling shareholders and minority shareholders. At the same time, this transaction needs to be submitted to the board of directors and the general meeting of shareholders for deliberation, and can be formally implemented after being approved by the competent regulatory authority. There is still great uncertainty whether this transaction can pass the deliberation of the company’s board of directors, the general meeting of shareholders and the approval of regulatory authorities, and whether all parties to the transaction can reach an agreement on the final transaction scheme. Please pay attention to relevant announcements and pay attention to investment risks.
2. The risk of suspension, suspension or cancellation of this transaction due to abnormal fluctuation of the company’s share price or abnormal trading may be suspected of insider trading.
Although the company has formulated confidentiality measures in accordance with relevant regulations and implemented them strictly by reference, in the process of this transaction, there is still the possibility that this transaction may be suspended, suspended or cancelled due to the abnormal fluctuation of the company’s share price or the abnormal transaction may be suspected of insider trading. Please pay attention to the relevant risks.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that, in addition to the above matters, the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions Information that may have a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.
5、 Other tips
The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. The company’s relevant information is available on the website of Shanghai Stock Exchange (www.sse. Com.. CN.) And relevant announcements published in Shanghai Securities News, securities times, China Securities News and Securities Daily, the legal information disclosure media.
It is hereby announced.
Chongqing Wanli New Energy Co.Ltd(600847) board of directors January 6, 2022
