Netposa Technologies Ltd(300367) : Announcement on delisting risk warning and stock suspension of the company’s stock trading

Securities code: Netposa Technologies Ltd(300367) abbreviation: Netposa Technologies Ltd(300367) Announcement No.: 2022023 Netposa Technologies Ltd(300367)

With regard to the announcement that the company’s stock trading will be subject to delisting risk warning and stock suspension, the company and all members of the board of directors guarantee that the content of information disclosure is true, accurate and complete, and there are no false records, misleading statements or major omissions.

Special tips:

1. Netposa Technologies Ltd(300367) (hereinafter referred to as “the company”) disclosed the announcement on correction and retroactive adjustment of accounting errors in the previous period (Announcement No.: 2022021) on cninfo.com on April 6, 2022. After retroactive restatement, the net assets of the Company attributable to shareholders of listed companies at the end of 2020 are negative. According to article 10.3.1 of the rules for the listing of shares on the gem of Shenzhen Stock Exchange (revised in December 2020), The company’s stock trading will be warned of delisting risk by Shenzhen Stock Exchange.

2. The trading of the company’s shares has been suspended for one day since the opening of the market on April 7, 2022 and resumed since the opening of the market on April 8, 2022.

3. Since April 8, 2022, the company’s shares will be subject to the special treatment of “delisting risk warning”. The stock abbreviation will be changed from “St NETFORCE” to ” ST NETFORCE”. The securities code will remain unchanged at Netposa Technologies Ltd(300367) , and the daily rise and fall limit of stock trading will remain unchanged at 20%. 1、 Main reasons for delisting risk warning to be implemented

The company held the 40th meeting of the 4th board of directors and the 20th meeting of the 4th board of supervisors on April 6, 2022, deliberated and adopted the proposal on correction and retroactive adjustment of accounting errors in the early stage, corrected the accounting errors in 2020, and the net assets attributable to shareholders of listed companies at the end of 2020 were negative after retroactive restatement. According to Item 2 of article 10.3.1 of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), “the audited ending net assets of the latest fiscal year are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative”, the company’s stock trading will be subject to delisting risk warning. According to article 10.3.3 of the GEM Listing Rules of Shenzhen Stock Exchange (revised in December 2020), the company shall disclose the announcement of delisting risk warning for the company’s stock trading while disclosing the correction announcement of financial accounting report. The trading of the company’s shares will be suspended for one day after the announcement. From the date of resumption of trading, Shenzhen Stock Exchange will implement delisting risk warning for the company’s stock trading. 2、 Stock type, abbreviation, securities code and the starting date of delisting risk warning

1. Stock type: RMB common stock a share;

2. Stock abbreviation: ST Netpower;

3. Securities code: Netposa Technologies Ltd(300367) ;

4. The starting date of delisting risk warning: April 8, 2022;

According to the relevant provisions of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), the trading of the company’s shares will be suspended for one day from the opening of the market on April 7, 2022. Since the opening of the market on April 8, 2022, Shenzhen Stock Exchange will implement delisting risk warning for the company’s stock trading.

5. After the delisting risk warning was implemented, the limit on the rise and fall of the company’s stock trading day remained unchanged, still 20%. 3、 Risk tips

1. The company’s shares will be subject to “delisting risk warning” from April 8, 2022. If the audited financial data of the company in 2021 touch the relevant provisions of article 10.3.10 of the GEM Listing Rules of Shenzhen Stock Exchange (revised in December 2020), Shenzhen Stock Exchange will terminate the listing and trading of the company’s shares. For details, see the risk warning announcement on the possible termination of the listing of the company’s shares (Announcement No.: 2022021) disclosed by the company on April 6, 2022, Please pay attention to investment risks.

2. The company has the risk of operating difficulties: at present, the company is facing serious difficulties such as a large number of accounts being frozen and sealed up, increasing litigation cases, a large number of personnel loss, a large number of debts being unable to be repaid when due, and the capital flow is very tight. At the same time, the company has been included in the “list of dishonest Executees”, the business contracts have decreased sharply, the operating revenue in the first quarter of 2022 is less than 10 million yuan, and the business development is difficult. At present, the company is very difficult to operate.

3. The information disclosure media designated by the company is http://www.cn.info.com.cn, All information of the company shall be subject to the information disclosed in the above media. Please pay attention to investment risks. 4、 During the delisting risk warning period, the company accepts the contact information of investors’ consultation

Tel: 02883255265

Fax No.: 02883255265

Office address: 20th floor, building 1, No. 39, Jiancai Road, Chenghua District, Chengdu, Sichuan

Email: [email protected].

It is hereby announced.

Netposa Technologies Ltd(300367) board of directors April 7, 2022

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