Huaxun Fangzhou Co.Ltd(000687)
Announcement of share price change
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 risk warning: the company disclosed the performance forecast for 2021 (Announcement No.: 2022012) on January 25, 2022. It is estimated that the net profit of the company in 2021 will be negative, the operating income will be less than 100 million yuan, and the net assets of the company at the end of 2021 will be negative. In addition, the elimination of the impact of matters involved in which opinions cannot be expressed in the audit report of the company in 2020 remains to be reviewed by the annual audit accountant, According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), if the annual report of the company in 2021 shows that “the net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million”, or “the net assets at the end of 2021 are negative”, or “the financial and accounting report in 2021 is issued with qualified opinions, unable to express opinions or negative opinions”, The listing of the company’s shares will be terminated. Please invest rationally and pay attention to investment risks.
1、 Introduction to abnormal fluctuation of stock price
Huaxun Fangzhou Co.Ltd(000687) (hereinafter referred to as “the company”) shares fell by more than 12% from the closing price for three consecutive trading days on March 30, 2022, March 31, 2022 and April 1, 2022. According to the relevant regulations of Shenzhen Stock Exchange, it is an abnormal fluctuation of stock price.
2、 Description of attention and verification of important issues
In view of the abnormal fluctuation of the company’s shares, the company has checked the relevant matters, and the relevant information is as follows: 1. There is no need to correct or supplement the information disclosed by the company in the early stage;
2. Recently, the public media has not reported any unpublished material information that may or has had a great impact on the stock trading price of the company;
3. Recent changes in the company’s operation and internal and external business environment: (1) the company disclosed the performance forecast for 2021 (Announcement No.: 2022012) on January 25, 2022. According to the company’s performance forecast for 2021, the company’s net profit in 2021 is negative, the operating income is less than 100 million yuan, and the company’s net assets at the end of 2021 are negative, In addition, the elimination of the impact of the matters involved in the audit report of the company in 2020 that cannot express opinions has yet to be reviewed by the annual audit accountant. According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), the listing of the company’s shares may be terminated by Shenzhen Stock Exchange. (2) On March 30, 2022, the company received the execution ruling (2021) Yue 03 Zhi No. 8648, one of the intermediate people’s courts of Shenzhen, Guangdong Province, sent by the controlling shareholder of the company, Huaxun Fangzhou Technology Co., Ltd. (hereinafter referred to as “Huaxun technology”), which ruled to forcibly auction and sell off 125695802 shares of the company’s non tradable shares held by Huaxun technology to pay off debts. If it is finally auctioned or sold and the transaction is concluded, the controlling shareholder and actual controller of the company may be changed. For details, please refer to the suggestive announcement on the compulsory execution of part of the shares of the controlling shareholders of the company (Announcement No.: 2022038) disclosed by the company on April 1, 2022. 4. The company confirms to the controlling shareholder Huaxun technology and the actual controller Mr. Wu Guangsheng that there are no major events that should be disclosed but not disclosed about the company or major events in the planning stage;
5. Recently, the company has not found any performance leakage before the disclosure of the periodic report, or any unpublished material information resulting in abnormal fluctuations in the trading of the company’s shares and their derivatives due to performance rumors;
6. After verification, during the abnormal fluctuation of the company’s shares, the controlling shareholder of the company, Huaxun technology and the actual controller, Mr. Wu Guangsheng, did not buy or sell the company’s shares.
3、 Description of no 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、 Risk tips
1. As the net profit attributable to the shareholders of the listed company in 2020 is negative and the operating income is less than 100 million yuan, and the net assets at the end of 2020 are negative, the company’s 2020 financial and accounting report has been issued with an audit report that cannot express opinions. The company has continued to implement delisting risk warning since the disclosure of the 2020 annual report on April 30, 2021.
The company disclosed the performance forecast for 2021 (Announcement No.: 2022012) on January 25, 2022. It is estimated that the net profit of the company in 2021 will be negative, the operating income will be less than 100 million yuan, and the net assets of the company at the end of 2021 will be negative. In addition, the elimination of the impact of the matters involved in the audit report for 2020 will be reviewed by the annual audit accountant, According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), if the annual report of the company in 2021 shows that “the net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million”, or “the net assets at the end of 2021 are negative”, or “the financial and accounting report in 2021 is issued with qualified opinions, unable to express opinions or negative opinions”, The listing of the company’s shares will be terminated. Please invest rationally and pay attention to investment risks.
2. On July 13, 2021, the company received the administrative punishment decision of China Securities Regulatory Commission Hebei Regulatory Bureau No. [2021] 3 (hereinafter referred to as “administrative punishment decision”) and the market entry prohibition decision of China Securities Regulatory Commission Hebei Regulatory Bureau No. [2021] 1 (hereinafter referred to as “market entry prohibition decision”) issued by Hebei securities regulatory bureau. According to the facts identified in the decision on administrative punishment and the decision on banning market entry, the company judges that the illegal acts involved by the company do not touch the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in November 2018) and articles 2, 4 and 5 of the measures for the implementation of compulsory delisting of Listed Companies in major violations. As of the date of this announcement, the comprehensive audit of the company’s corrected financial statements in 2016 and 2017 has not been completed. After the comprehensive audit in 2016 and 2017, the company’s financial indicators from 2015 to 2020 finally actually touched the implementation measures for compulsory delisting of Listed Companies in Shenzhen Stock Exchange in major violations (SZS [2018] No. 556) The risk of terminating the listing standard stipulated in the stock listing rules of Shenzhen Stock Exchange (revised in November 2018), and the company’s shares are at risk of being forcibly delisted by the Shenzhen Stock Exchange in violation of major laws.
Please pay attention to investment risks.
3. Through self-examination, the company has no violation of fair information disclosure.
4. The company disclosed the 2021 annual performance forecast (Announcement No.: 2022012) on January 25, 2022. There is no significant difference between the disclosed performance forecast and the expected situation.
5. Since January 2020, the company has successively issued the announcement on the public condemnation and punishment of the company and relevant parties by Shenzhen Stock Exchange (Announcement No.: 2020006), the announcement on the freezing of some bank accounts (Announcement No.: 2020012), the announcement on the judicial freezing of controlling shareholders’ shares (Announcement No.: 2020015) Announcement on overdue bank loans of subsidiaries (Announcement No.: 2020018), announcement on judicial freezing of some shares of the company’s actual controller (2020022), announcement on passive reduction of some shares of the company held by the company’s actual controller due to liquidation (Announcement No.: 2020021), announcement on major litigation (announcement No.: 2020028) Announcement on illegal external guarantee of the company (Announcement No.: 2020029), suggestive announcement on creditors’ application for company reorganization (Announcement No.: 2020032), announcement on major litigation (Announcement No.: 2020033), announcement on overdue bank loans of subsidiaries (Announcement No.: 2020034), announcement on resignation of independent directors (announcement No.: 2020037) Announcement on overdue bank loans of subsidiaries (Announcement No.: 2020042), announcement on expiration of stock pledge and judicial freezing of the actual controller of the company (Announcement No.: 2020043), announcement on judicial waiting freezing of controlling shareholders’ shares (Announcement No.: 2020044), announcement on major litigation (Announcement No.: 2020048) Announcement on early maturity of bank loans of subsidiaries (Announcement No.: 2020049), announcement on early maturity of bank loans of subsidiaries (Announcement No.: 2020055), announcement on overdue bank loans of subsidiaries (Announcement No.: 2020059), announcement on receipt of warning letter from Hebei securities regulatory bureau by the company and relevant responsible persons (Announcement No.: 2020063) Announcement on the receipt of the warning letter from Hebei securities regulatory bureau by the controlling shareholders, the company and relevant responsible persons (Announcement No.: 2020064), announcement on the judicial waiting freezing of the shares of the controlling shareholders (Announcement No.: 2020073), announcement on the judicial waiting freezing of the shares of the actual controllers of the company (Announcement No.: 2020074) Announcement on delisting risk warning and suspension and resumption of trading of the company’s shares (Announcement No.: 2020084), announcement on cumulative litigation and arbitration cases (Announcement No.: 2020085), 2020 semi annual performance forecast (Announcement No.: 2020094), announcement on litigation progress of subsidiaries (Announcement No.: 2020096) Announcement on the freezing of some bank accounts and assets (Announcement No.: 2020097), announcement on the judicial waiting freezing of controlling shareholders’ shares (Announcement No.: 2020110), announcement on the judicial waiting freezing of the shares of the actual controller of the company (Announcement No.: 2020111), announcement on the cumulative litigation and arbitration cases (Announcement No.: 2020115) Announcement on the expiration of the pledge of some shares of the controlling shareholders (Announcement No.: 2020116), announcement on the freezing of some bank accounts and assets (Announcement No.: 2020117), announcement on major litigation (Announcement No.: 2020120), announcement on the overdue bank loans of subsidiaries (Announcement No.: 2020123), announcement on the progress of litigation of subsidiaries (Announcement No.: 2020124) Announcement on judicial waiting for freezing of controlling shareholder shares (Announcement No.: 2020125), announcement on judicial waiting for freezing of actual controller shares of the company (Announcement No.: 2020126), announcement on litigation progress of the company (Announcement No.: 2020131), announcement on litigation progress of the company (Announcement No.: 2020132) Announcement on judicial waiting for freezing of controlling shareholders’ shares (Announcement No.: 2020134), announcement on judicial waiting for freezing of shares of actual controllers of the company (Announcement No.: 2020135), announcement on litigation involving subsidiaries and freezing of assets (Announcement No.: 2020136), announcement on receipt of notice of case filing and investigation of CSRC (Announcement No.: 2020137) Announcement on overdue bank loans of companies (Announcement No.: 2020141), announcement on major litigation (Announcement No.: 2020142), announcement on litigation involving subsidiaries and freezing of assets (Announcement No.: 2020143), announcement on overdue bank loans of subsidiaries (Announcement No.: 2020145), announcement on progress of filing and investigation matters (Announcement No.: 2020146) Announcement on the freezing of some bank accounts and assets of subsidiaries (Announcement No.: 2020148), announcement on the judicial waiting for freezing of new shares of controlling shareholders (Announcement No.: 2020149), announcement on the progress of major litigation of the company (Announcement No.: 2020150), announcement on the superposition of shares of the company and the implementation of other risk warnings (Announcement No.: 2020151) Announcement on the progress of major litigation of the company (Announcement No.: 2020152), announcement on the judicial waiting for freezing of new shares of controlling shareholders (Announcement No.: 2020154), announcement on the judicial waiting for freezing of new shares of actual controllers of the company (Announcement No.: 2020155), announcement on new illegal external guarantees of the company (Announcement No.: 2020156) Announcement on major litigation (Announcement No.: 2020157), announcement on the expiration of partial share pledge of controlling shareholders (Announcement No.: 2020159), announcement on the resignation of senior managers (Announcement No.: 2020163), announcement on the progress of various lawsuits of the company (Announcement No.: 2021001), announcement on the progress of partial share pledge of controlling shareholders (Announcement No.: 2021002) Announcement on the inclusion of the company into the dishonest Executees (Announcement No.: 2021007), announcement on the progress of other risk warnings and risk tips on the implementation of the company’s shares (Announcement No.: 2021010), performance forecast for 2020 (Announcement No.: 2021012), reminder announcement on the possible delisting risk warning of the company’s shares (Announcement No.: 2021013) Announcement on major litigation (Announcement No.: 2021014)
