Securities code: Yango Group Co.Ltd(000671) securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022038
Announcement of 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、 Abnormal fluctuations in stock trading
Yango Group Co.Ltd(000671) (hereinafter referred to as “the company”) stock ” Yango Group Co.Ltd(000671) ” (securities code: Yango Group Co.Ltd(000671) ) deviated from the closing price by more than 20% for three consecutive trading days from March 17 to March 21, 2022. According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, it belongs to the situation of abnormal fluctuation of stock trading price.
2、 Relevant information concerned and verified by the company
After self verification and written consultation with the controlling shareholder Fujian Sunshine Group Co., Ltd. (hereinafter referred to as “Sunshine Group”) and its subsidiary Dongfang Xinlong Asset Management Co., Ltd. (hereinafter referred to as “Dongfang Xinlong”), Fujian Kangtian Industry Group Co., Ltd. (hereinafter referred to as “Kangtian industry”) and the actual controller, the company hereby explains the relevant matters as follows:
(I) there is no need to correct or supplement the information disclosed by the company in the early stage.
(II) the company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.
(III) the company has recently received a written notice from the controlling shareholder, its wholly-owned subsidiary and its persons acting in concert. The proportion of guarantee maintained in some accounts is lower than the closing line, and passive reduction has occurred successively. The company has disclosed it in accordance with relevant laws and regulations. As of the date of this announcement, the total shareholding of the controlling shareholder and its persons acting in concert accounts for 39.30% of the total shares of the company, and there is no change in the control of the company.
Up to now, in addition to the disclosed information, the company, the company’s controlling share Guangdonghectechnologyholdingco.Ltd(600673) group and its subsidiary Dongfang Xinlong, the controlling shareholder acting in concert Kangtian industry and the actual controller have no major matters that should be disclosed but not disclosed.
(IV) after consulting the company’s holding stock Guangdonghectechnologyholdingco.Ltd(600673) group and its subsidiaries, persons acting in concert, actual controllers, directors, supervisors, senior managers, spouses and immediate relatives and other related persons by letter, the above-mentioned related persons did not buy or sell the company’s shares during the abnormal fluctuation of stock trading.
3、 Description of whether there is material information that should be disclosed but not disclosed
The board of directors of the company confirms that the company has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange; The board of directors has not been informed that the company has undisclosed information that has a great impact on the trading price of the company’s shares and their derivatives that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and other relevant provisions; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Relevant instructions and risk tips
(I) the company does not violate the fair disclosure of information.
(II) the holding stock Guangdonghectechnologyholdingco.Ltd(600673) group, its wholly-owned subsidiary Dongfang Xinlong and its concerted actor Kangtian industry may suffer from passive reduction and freezing in the follow-up. The controlling shareholders and their concerted actors have been actively communicating and coordinating with the creditors, and carried out debt extension, fund-raising and other relevant measures to reduce the adverse effects caused by passive reduction and freezing of shares according to the requirements of the pledgee.
(III) the company disclosed the announcement on the company’s domestic open market debt on March 18, 2022. Affected by the superposition of macroeconomic environment, industrial environment and financing environment, the company’s liquidity is tense at different stages, and the company fails to pay the interest of overseas bonds on schedule and pay the principal and interest of accelerated maturity bonds in full, which may trigger the relevant terms of other domestic financing instruments. The company will hold a holder’s meeting in accordance with relevant regulations, And continuously evaluate the impact of the matter on the company’s law, finance and operation.
(IV) the company disclosed the performance forecast for 2021 on January 29, 2022. As of the date of this announcement, the above performance forecast has no circumstances that should be corrected. The specific financial data of the company for 2021 should be subject to the company’s annual report for 2021.
(V) securities times, China Securities News, Shanghai Securities News, securities daily and cninfo.com are the information disclosure media selected by the company. All information of the company shall be subject to the announcement published in the above selected media. The company solemnly reminds investors to pay attention to the company’s information disclosure, make rational investment and pay attention to investment risks. It is hereby announced.
Yango Group Co.Ltd(000671) board of directors
March 22, 2022
