Securities code: Zhejiang Meorient Commerce & Exhibition Inc(300795) securities abbreviation: Zhejiang Meorient Commerce & Exhibition Inc(300795) Announcement No.: 2022022 Zhejiang Meorient Commerce & Exhibition Inc(300795)
Announcement on application for cancellation of delisting risk warning for company 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.
Special tips:
Zhejiang Meorient Commerce & Exhibition Inc(300795) (hereinafter referred to as “the company”) has applied to Shenzhen stock exchange for cancellation of delisting risk warning on the company’s stock trading in accordance with the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020) (hereinafter referred to as “GEM Listing Rules”). It is uncertain whether it will finally obtain the review and approval of Shenzhen Stock Exchange. Please make careful decisions, Pay attention to investment risks.
1、 Delisting risk warning of the company’s stock trading
The audited financial report of the company in 2020 by Tianjian Certified Public Accountants (special general partnership) shows that the audited net profit of the company in 2020 is – 64.63 million yuan and the operating income is 94.35 million yuan. The above two financial data touch the provisions of item 1, paragraph 1, article 10.3.1 of the GEM Listing Rules. The listed company has the situation that “the audited net profit in the latest fiscal year is negative and the operating income is less than 100 million yuan, or the net profit in the latest fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan”, Since April 28, 2021, the company’s stock trading has been specially handled by the “delisting risk warning” implemented by Shenzhen Stock Exchange. The company’s stock is abbreviated by “Mio Exhibition”
It is changed to ” ST Mio”. For details, see the announcement on delisting risk warning and suspension of stock trading of the company (Announcement No.: 2021043) disclosed by the company on cninfo.com on April 27, 2021.
2、 Application for cancellation of delisting risk warning
Tianjian Certified Public Accountants (general special partnership) issued the company’s 2021 annual audit report (tianjianshen [2022] No. 978) and special verification opinions on the deduction of operating income in 2021 (tianjianshen [2022] No. 981) on March 21, 2022. The report shows that the company achieved an operating income of 181640900 yuan in 2021 and an operating income of 181640900 yuan after deduction; The net profit attributable to the shareholders of the listed company is -57.645 million yuan, and the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses is -535309 million yuan; The total shareholders’ equity attributable to the listed company is 383969100 yuan.
According to article 10.3.6 of the GEM Listing Rules: after the delisting risk warning is implemented for the stock trading of a listed company due to the circumstances in Items 1 to 3 of paragraph 1 of article 10.3.1, if the audit results of the first fiscal year show that the company does not have any of the circumstances specified in items 1 to 4 of paragraph 1 of article 10.3.10, the company may apply to the bourse to revoke the delisting risk warning.
According to the company’s 2021 annual audit report issued by Tianjian Certified Public Accountants (general special partnership), the company’s operation in 2021 is not under any of the circumstances specified in Items 1 to 4 of paragraph 1 of article 10.3.10 of the GEM Listing Rules, and the company is not under any other circumstances requiring delisting risk warning or other risk warning specified in the GEM Listing Rules, The company meets the conditions for revoking the delisting risk warning.
On March 21, 2022, the company held the 22nd Meeting of the 4th board of directors, deliberated and approved the proposal on applying for cancellation of delisting risk warning for stock trading of the company, and the board of directors agreed that the company applied to Shenzhen stock exchange for cancellation of delisting risk warning for stock trading.
3、 Risk tips
The company’s application for cancellation of delisting risk warning still needs to be reviewed and approved by Shenzhen Stock Exchange. There is significant uncertainty about whether it can obtain the review and approval of Shenzhen Stock Exchange. If the company’s application for cancellation of delisting risk warning is not reviewed and approved by Shenzhen stock exchange because it does not meet the conditions specified in article 10.3.6 of the GEM Listing Rules, the company’s stock trading will be terminated. The company will timely fulfill the obligation of information disclosure according to the progress. Please make careful decisions and pay attention to investment risks. The company solemnly reminds investors that the information disclosure media designated by the company are China Securities News, securities times, Shanghai Securities News, securities daily and cninfo（ http://www.cn.info.com.cn. ）。 All information of the company is subject to the information published in the above designated media. Please pay attention to the relevant announcements, make prudent decisions, invest rationally and pay attention to investment risks.
It is hereby announced!
Zhejiang Meorient Commerce & Exhibition Inc(300795) board of directors March 23, 2022
