Securities code: Zhejiang Meorient Commerce & Exhibition Inc(300795) securities abbreviation: Zhejiang Meorient Commerce & Exhibition Inc(300795) Announcement No.: 2022029 Zhejiang Meorient Commerce & Exhibition Inc(300795)
Announcement on the cancellation of delisting risk warning and one-day suspension of 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.
Special tips:
1. Zhejiang Meorient Commerce & Exhibition Inc(300795) (hereinafter referred to as “the company”) shares will be suspended for one day on April 11, 2022 and resumed from the opening of the market on April 12, 2022;
2. Since the opening of the market on April 12, 2022, the company has revoked the delisting risk warning, and the stock abbreviation has been changed from ” ST Mio” to “Mio Exhibition”, and the stock code is still ” Zhejiang Meorient Commerce & Exhibition Inc(300795) “. After the delisting risk warning is revoked, the daily rise and fall limit of the company’s stock trading remains unchanged, still 20%. 1、 Types, abbreviations, codes, fluctuation ranges and trading suspension and resumption arrangements of stocks
1. Stock type: RMB common stock a share;
2. Stock abbreviation: ” ST Mio” is changed to “Mio Exhibition”;
3. Stock Code: Zhejiang Meorient Commerce & Exhibition Inc(300795) ;
4. Arrangement for suspension and resumption of trading of shares: the trading will be suspended for one day on April 11, 2022 and resumed from the opening of the market on April 12, 2022.
5. The starting date of withdrawal of delisting risk warning: April 12, 2022.
6. Stock trading day limit: after withdrawing the delisting risk warning, the stock trading day limit remains unchanged at 20%.
2、 Delisting risk warning of the company
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 of Shenzhen Stock Exchange (revised in December 2020) (hereinafter referred to as the “GEM Listing Rules”), In the case of “the audited net profit of the most recent fiscal year is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan”, the company’s stock trading has been specially handled by the Shenzhen Stock Exchange since April 28, 2021. For details, see the announcement on delisting risk warning and suspension of the company’s Stock Trading (Announcement No.: 2021043) disclosed by the company on cninfo.com on April 27, 2021.
During the delisting risk warning period, the company has disclosed the risk warning announcement on schedule and fulfilled the obligation of information disclosure in strict accordance with the provisions of the GEM Listing Rules.
3、 The company’s 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 delisting risk warning of the company’s stock trading in the early stage no longer exists. The company’s operation in 2021 does not have any situation specified in Items 1 to 4 of paragraph 1 of article 10.3.10 of the GEM Listing Rules, and the company does not have other situations requiring delisting risk warning or other risk warning specified in the GEM Listing Rules. The company meets the conditions for canceling 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.
4、 The company’s application has been examined and approved by Shenzhen Stock Exchange
The company’s application for withdrawing the delisting risk warning has been reviewed and approved by Shenzhen Stock Exchange.
According to article 10.3.8 of the GEM Listing Rules, the trading of the company’s shares was suspended for one day from the opening of the market on April 11, 2022, and resumed from the opening of the market on April 12, 2022. The delisting risk warning was revoked from the opening of the market on April 12, 2022. The stock abbreviation was changed from ” Zhejiang Meorient Commerce & Exhibition Inc(300795) ” to “Mio Exhibition”. The stock code of the company remained unchanged, and the daily rise and fall limit of the company’s stock trading remained unchanged at 20%.
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 April 8, 2022
