Securities code: 002684 securities abbreviation: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) Announcement No.: 2022-002 Lion New Energy Technology (Henan) Co., Ltd
Stock trading abnormal fluctuation announcement
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
The trading price of Mengshi new energy technology (Henan) Co., Ltd. (hereinafter referred to as “company” or “Mengshi technology”) (Securities abbreviation: * ST Mengshi, securities code: 002684) has deviated from the closing price for three consecutive trading days (January 4, 2022, January 5, 2022 and January 6, 2022) by more than 12%, According to the relevant provisions of Shenzhen Stock Exchange, the above situation belongs to 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 company checked the relevant matters and asked the controlling shareholder and actual controller of the company. The relevant information is described as follows:
1. There is no need to correct or supplement the information disclosed by the company in the early stage.
2. The company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.
3. At present, the company maintains normal production and operation as a whole, but the shortage of funds still has a certain impact on the production and operation of some subsidiaries.
4. On May 25, 2021, the company issued the suggestive announcement on the company’s intention to apply to the court for reorganization. The proposal on the company’s intention to apply to the court for reorganization was deliberated and adopted at the 56th (Interim) meeting of the sixth board of directors and the 30th (Interim) meeting of the sixth board of supervisors, The company plans to apply to Shenzhen intermediate people’s Court of Guangdong Province (hereinafter referred to as “Shenzhen intermediate people’s court”) for reorganization of the company, which has been deliberated and approved at the second extraordinary general meeting of shareholders in 2021. The company has submitted the reorganization application to Shenzhen intermediate people’s court, which has decided to start the pre reorganization of the company and appointed Shenzhen jinda’an clearing affairs Co., Ltd. and Beijing Anli (Shenzhen) law firm as the managers during the pre reorganization period.
On December 4, 2021, the company issued the announcement that the company’s application for reorganization was not accepted by the court. The company received the civil ruling ((2021) Yue 03 Po Shen No. 409) issued by the Shenzhen intermediate people’s court. Because the company failed to obtain the no objection letter on the company’s reorganization issued by the China Securities Regulatory Commission and exceeded the pre reorganization period, Shenzhen intermediate people’s court ruled that it would not accept the company’s application for bankruptcy reorganization and terminate the pre reorganization at the same time.
The company has filed an appeal to the higher people’s Court of Guangdong Province against the decision of Shenzhen intermediate people’s court not to accept the company’s reorganization application.
5. On January 7, 2022, the company issued the notice on receipt of
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The company has received the notice of debt exemption and the letter of claim exemption issued by 12 creditors such as Huarong (Fujian pilot Free Trade Zone) Investment Co., Ltd. before December 31, 2021 (including today). The above creditors irrevocably, irrevocably and irrevocably exempt some / all of their claims against the company and its subsidiaries. The amount of creditor’s rights involved above (base date November 30, 2021) is 4030278100 yuan, and the total amount of exempted creditor’s rights is 3404198500 yuan. Whether the debt exemption amount can be recognized as the income and capital reserve in 2021 is uncertain. The impact on the company’s operating performance in 2021 and the accounting treatment method will be subject to the final annual audit result of the annual audit accounting firm. Investors are invited to pay attention to the investment risk. In addition to the above matters, the company has no other major matters that should be disclosed but not disclosed about the company, or major matters in the planning stage.
6. It is confirmed by the controlling shareholder and actual controller of the company that the controlling shareholder and actual controller of the company have no major events that should be disclosed but not disclosed about the company, or major events in the planning stage.
7. Confirmed by the controlling shareholder and actual controller of the company, the controlling shareholder and actual controller of the company did not actively buy and sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Whether there is a description of information that should be disclosed but not disclosed
The board of directors of the company confirms that, except for the above matters (referring to the disclosure matters involved in part II), the company does not have any matters that should be disclosed but not disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange, or planning, negotiation, intention, agreement, etc. related to such matters; The board of directors has not learned 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; There is no need to correct or supplement the information disclosed by the company in the early stage.
4、 Necessary risk tips
1. Through self-examination, the company does not violate the fair disclosure of information.
2. On April 29, 2021, the company issued the announcement on delisting risk warning, other risk warning and suspension of the company’s stock trading. The audited net assets attributable to the shareholders of the listed company at the end of 2020 were negative. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, Shenzhen Stock Exchange will implement “delisting risk warning” for the company’s stock trading; The net profit of the company before and after deducting non recurring profits and losses in the last three years, whichever is lower, is negative, and the 2021 audit report shows that there is uncertainty in the company’s sustainable operation ability. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, Shenzhen Stock Exchange implements “other risk warning” for the company’s stock trading.
3. Due to the shortage of funds, the company’s debts are overdue. On May 25, 2021, the company issued the suggestive announcement on the company’s intention to apply to the court for reorganization. The proposal on the company’s intention to apply to the court for reorganization was deliberated and adopted at the 56th (Interim) meeting of the sixth board of directors and the 30th (Interim) meeting of the sixth board of supervisors. The company plans to apply to Shenzhen intermediate people’s court for reorganization, This matter has been deliberated and approved at the second extraordinary general meeting of shareholders in 2021. The company has submitted the reorganization application to Shenzhen intermediate people’s court, which has decided to start the pre reorganization of the company and appointed Shenzhen jinda’an clearing affairs Co., Ltd. and Beijing Anli (Shenzhen) law firm as the managers during the pre reorganization period.
On December 4, 2021, the company issued the announcement that the company’s application for reorganization was not accepted by the court. The company received the civil ruling ((2021) Yue 03 Po Shen No. 409) issued by the Shenzhen intermediate people’s court. Because the company failed to obtain the no objection letter on the company’s reorganization issued by the China Securities Regulatory Commission and exceeded the pre reorganization period, Shenzhen intermediate people’s court ruled that it would not accept the company’s application for bankruptcy reorganization and terminate the pre reorganization at the same time. The company has filed an appeal to the higher people’s Court of Guangdong Province against the decision of Shenzhen intermediate people’s court not to accept the company’s reorganization application. The appeal still needs to be filed and heard by the Guangdong Higher People’s court. There is great uncertainty about whether the Guangdong Higher People’s court supports the company’s appeal request and the final judgment result of the case.
4. On November 20, 2019 and November 21, 2019, the company issued the announcement on the application for bankruptcy liquidation of wholly-owned subsidiaries and the supplementary announcement on the application for bankruptcy liquidation of wholly-owned subsidiaries. Due to the failure of the wholly-owned subsidiary Hubei Lion New Energy Technology Co., Ltd. (hereinafter referred to as “Hubei lion”) to repay all the borrowings of 30 million yuan on schedule, Hubei Yicheng Rural Commercial Bank Co., Ltd. (hereinafter referred to as “Hubei rural commercial bank”) proposed to Yicheng people’s Court of Hubei Province for bankruptcy liquidation of Hubei Mengshi on the grounds that Hubei Mengshi could not repay its due debts and obviously lacked solvency.
On September 2, 2020, the company issued the announcement on the receipt of civil ruling by wholly-owned subsidiaries. Hubei lion received the civil ruling ([2019] e 0684 minpo No. 3-6) issued by Yicheng people’s Court of Hubei Province. According to the civil ruling, on August 19, 2020, Hubei lion liquidation group filed an application to Yicheng people’s Court of Hubei Province, Said that most members of the creditor Committee believed that the Hubei lion asset disposal and revitalization plan was not enforceable, and requested the Yicheng people’s Court of Hubei Province to approve the bankruptcy property price change plan of Hubei Lion New Energy Technology Co., Ltd. prepared by the bankruptcy liquidation group. The people’s Court of Yicheng city, Hubei Province ruled to approve the price change plan for the bankruptcy property of Hubei Mengshi New Energy Technology Co., Ltd. prepared by the liquidation group of Hubei Mengshi.
The company has submitted a written objection to Xiangyang intermediate people’s court and earnestly requests to revoke the civil ruling (2019) e 0684 minpo No. 3-6 made by Yicheng people’s Court of Hubei Province on August 20, 2020. 5. As of the date of this announcement, The controlling shareholder of the company, Shantou Chenghai District Humei Battery Co., Ltd. (hereinafter referred to as “Humei company”) and its concerted actors, the shareholder holding more than 5% of the company, Shenzhen Qianhai Yide capital advantage equity investment fund partnership (limited partnership) (hereinafter referred to as “Yide advantage”) and Mr. Chen Lewu, one of the current actual controllers of the company, hold 185654420 shares of the company, Accounting for 32.72% of the total share capital of the company; The cumulative number of Pledged Shares is 185057451, accounting for 32.62% of the total share capital of the company. Some shares of the company pledged to the pledgee by Humei company, Yide advantage and Mr. Chen Lewu have fallen below the closing price, and there is a risk of passive reduction. Humei company, Yide advantage and Mr. Chen Lewu currently maintain close communication with relevant pledgees and actively take measures to deal with risks, but do not rule out the risk of passive reduction of their shares in the company during the communication process. If there is a significant passive reduction in the shares pledged by Humei company, Yide advantage and Mr. Chen Lewu, the company has the risk of change of control.
6. The shares of the company held by Humei company and its concerted actors, Yide advantage and Mr. Chen Lewu, have been frozen by the judiciary and have been waiting for freezing for many times. The cumulative number of shares of Humei company, Yide advantage and Mr. Chen Lewu frozen by the judiciary is 185654420, accounting for 32.72% of the total share capital of the company. The shares of the company held by Humei company, Yide advantage and Mr. Chen Lewu have been frozen by the judiciary, which has not had a direct impact on the company’s control right at present. If the above shares frozen by the judiciary are disposed by the judiciary, the company has the risk of change of control right. The company solemnly reminds investors that the information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com.. CN.), All information publicly disclosed by the company shall be subject to the announcement published in the above designated media. Please invest rationally and pay attention to investment risks. It is hereby announced.
Board of directors of Lion New Energy Technology (Henan) Co., Ltd
January 6, 2002
