Stock Code: Oriental Times Media Corporation(002175) stock abbreviation: ST Dongwang Announcement No.: 2022015 Oriental Times Media Corporation(002175)
Announcement on applying for cancellation of delisting risk warning and other risk warnings for the company's 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.
Oriental Times Media Corporation(002175) (hereinafter referred to as "the company") has held the sixth meeting of the seventh board of directors on March 25, 2022, deliberated and adopted the proposal on applying for cancellation of delisting risk warning and other risk warnings for the company's stock trading, and has applied for cancellation of delisting risk warning and other risk warnings for the company's stock trading on the same day, However, there are still uncertainties in the examination and approval of the above application. Please pay attention to the investment risks. The details are hereby announced as follows:
1、 Delisting risk warning and other risk warnings of the company's shares
1. According to the audit of ZTE caiguanghua Certified Public Accountants (special general partnership), as of December 31, 2020, the company's net assets attributable to shareholders of listed companies were -90442642831 yuan. Shenzhen Stock Exchange has implemented delisting risk warning for the company's stock trading on May 6, 2021. For details, please refer to the announcement on warning of additional risks and delisting risks of the company's shares disclosed by the company on April 30, 2021 (Announcement No.: 2021037).
2. The net profit of the company before and after deducting non recurring profits and losses from 2018 to 2020, whichever is lower, is negative, and the 2020 audit report shows that there is uncertainty in the company's sustainable operation ability. Shenzhen Stock Exchange has implemented other risk warnings for the company's stock trading on May 6, 2021. For details, please refer to the announcement on warning of additional risks and delisting risks of the company's shares disclosed by the company on April 30, 2021 (Announcement No.: 2021037).
During the period of delisting risk warning, the company regularly disclosed risk warning announcements and fulfilled the obligation of information disclosure in strict accordance with the provisions of the Listing Rules of Shenzhen Stock Exchange.
2、 Application for cancellation of delisting risk warning and other risk warnings
1. According to the company's 2021 annual audit report issued by ZTE caiguanghua Certified Public Accountants (special general partnership), the net assets attributable to the shareholders of the listed company at the end of 2021 were 32488075335 yuan, and the delisting risk warning of the company's stock trading in the early stage no longer exists.
2. According to the company's 2021 annual audit report issued by ZTE caiguanghua Certified Public Accountants (special general partnership), the audit opinion of the company's financial statements in 2021 is a standard unqualified opinion, the uncertainty of the company's sustainable operation ability has been eliminated, and the situation that the company's stock transactions were subject to other risk warnings in the early stage no longer exists.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the company has not been subject to other delisting risk warnings as specified in article 9.3.1, nor has the company been subject to other risk warnings as specified in article 9.8.1. In view of this, the company hereby applies to Shenzhen Stock Exchange to cancel the delisting risk warning and other risk warnings for the company's stock trading in accordance with articles 9.3.7 and 9.8.5 of the stock listing rules of Shenzhen Stock Exchange. During the review period of Shenzhen Stock Exchange, the company's shares are normally traded. 3、 Review procedures for applying for cancellation of delisting risk warning and other risk warnings
On March 25, 2022, the company held the sixth meeting of the seventh board of directors, deliberated and passed the proposal on applying for cancellation of delisting risk warning and other risk warnings for the company's stock trading.
4、 Opinions of independent directors
After verification, the delisting risk warning and other risk warnings of the company's shares have been corrected. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange, the company has not been subject to delisting risk warning as specified in article 9.3.1 or other risk warnings as specified in article 9.8.1, It has met the conditions of applying for cancellation of delisting risk warning and other risk warnings in the stock listing rules of Shenzhen Stock Exchange. The cancellation of delisting risk warning and other risk warnings of the company's shares is conducive to protecting the interests of the company and minority shareholders. Therefore, we agree that the company applies to Shenzhen stock exchange for cancellation of delisting risk warning and other risk warnings.
5、 Risk tips
1. The company applied to Shenzhen Stock Exchange to cancel the review and approval of delisting risk warning and other risk warnings implemented for the company's stock trading. There is still uncertainty. Investors are invited to pay attention to investment risks.
2. The company will timely fulfill the obligation of information disclosure according to the progress. The company solemnly reminds investors that securities times, China Securities News, Shanghai Securities News, securities daily and cninfo are the information disclosure media designated by the company. All information of the company shall be subject to the official announcement published in the above designated media. Investors are invited to invest rationally and pay attention to investment risks.
It is hereby announced.
Oriental Times Media Corporation(002175) board of directors March 25, 2002
