Securities code: V V Food & Beverage Co.Ltd(600300) securities abbreviation: St Weiwei Announcement No.: pro 2022021 V V Food & Beverage Co.Ltd(600300)
Announcement on the cancellation of other risk warnings and suspension of trading of the company’s shares
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
The starting date of revoking other risk warnings: April 12, 2022.
The trading of V V Food & Beverage Co.Ltd(600300) (hereinafter referred to as “the company”) shares will be suspended for one day on April 11, 2022, resumed on April 12, 2022 and other risk warnings will be revoked.
After the cancellation of other risk warnings, the abbreviation of the company’s stock was changed from “St Weiwei” to “Weiwei shares”, the stock code ” V V Food & Beverage Co.Ltd(600300) ” remained unchanged, and the daily rise and fall limit of the stock price was changed from 5% to 10%. 1、 Stock type, abbreviation, securities code and the starting date of canceling other risk warnings
(I) stock type and abbreviation:
The abbreviation of A-Shares of the company is changed from “St Weiwei” to “Weiwei shares”;
(II) the stock code is still ” V V Food & Beverage Co.Ltd(600300) “;
(III) starting date of canceling other risk warnings: April 12, 2022.
2、 Application of withdrawing other risk warnings
Due to the occupation of non operating funds by Weiwei Group Co., Ltd. (hereinafter referred to as “Weiwei group”), the former major shareholder of the company, and the company’s illegal guarantee, Lixin Certified Public Accountants (special general partnership) issued an audit report with a negative opinion on the company’s internal control in 2020, It is considered that the company’s shares have violated the relevant provisions of the notice on regulating the capital exchanges between listed companies and related parties and the external guarantee of listed companies, failed to perform the decision-making procedures of the board of directors and the general meeting of shareholders on the inter-bank lending of related funds in accordance with the relevant provisions of the company law, the articles of association and the management system of related party transactions, and violated the stock listing rules and the management measures for information disclosure of listed companies In accordance with the relevant provisions of the information disclosure management system, the company failed to timely perform the obligation of information disclosure on related fund lending matters as required, and the company’s internal control failed to prevent or timely find and correct the above violations, which has major defects. The company’s shares will implement other risk warnings from April 27, 2021. During the implementation of other risk warnings, the abbreviation of the company’s shares will be changed from “Weiwei shares” to ” V V Food & Beverage Co.Ltd(600300) “, and the daily rise and fall of the stock price will be limited to 5%. For details, please refer to V V Food & Beverage Co.Ltd(600300) notice on warning of other risks in stock trading and suspension of trading of the company’s shares (Announcement No.: pro 2021018) disclosed by the company on April 26, 2021.
As of December 31, 2020, Weiwei group has fully paid off the capital occupation principal incurred in previous years. As of April 22, 2021, the date of issuance of the company’s 2020 annual audit report, Weiwei group has paid off the interest formed by the occupation of funds, and all the illegal guarantees of the company have been lifted. In strict accordance with relevant laws and regulations and the requirements of regulatory authorities, and in combination with the actual situation of the company, the company has improved the internal control system, optimized the internal control system, strengthened the internal control management, and established a long-term mechanism to prevent the occupation of funds and illegal guarantee. In 2021, the rectification of the company’s internal control defects was completed and the internal control operated effectively. Lixin Certified Public Accountants (special general partnership) issued a standard unqualified internal control audit report for the company’s internal control (xksbz [2022] No. za10173), a special report on the occupation and settlement of non operating funds of related parties in 2021 (xksbz [2022] No. za10177) In the special report on the cancellation of the company’s illegal guarantee in 2021 (xksbz [2022] No. za10178), Jiangsu hongshanshu law firm issued the legal opinion on the cancellation of the company’s illegal guarantee in 2021, the independent directors issued the special opinion on the effective operation of the company’s internal control and agreed with the company’s application to revoke other risk warnings. The company checked other risk warning provisions item by item according to the Listing Rules of Shanghai Stock Exchange, and considered that the situation involving other risk warnings of the company had been eliminated, and there was no situation involving delisting risk warnings or other risk warnings, which met the conditions for applying for cancellation of other risk warnings. The company held the 8th meeting of the 8th board of directors on March 25, 2022, and deliberated and adopted the proposal on applying for cancellation of other risk warnings of the company’s shares with 8 affirmative votes, 0 abstention votes and 0 negative votes. According to the relevant provisions of article 9.8.6 of the stock listing rules of Shanghai Stock Exchange, the company submitted an application for cancellation of other risk warnings of the company’s shares to Shanghai Stock Exchange on March 25, 2022, For details, please refer to the announcement of V V Food & Beverage Co.Ltd(600300) on applying for cancellation of other risk warnings of the company’s shares (Announcement No.: pro 2022017) disclosed by the company on March 26, 2022.
On April 8, 2022, Shanghai Stock Exchange agreed to withdraw other risk warnings on the company’s shares.
3、 Tips on revoking other risk warnings
According to article 9.8.9 and other relevant provisions of the stock listing rules, the trading of the company’s shares will be suspended for one day on April 11, 2022, and other risk warnings will be revoked from April 12. After the revocation of other risk warnings, the daily rise and fall of the stock price will be limited to 10%. After other risk warnings are revoked, the company’s shares are transferred out of the risk warning board for trading. 4、 Other risk tips
After the company’s stock cancels other risk warnings, the company’s operating conditions will not change significantly, and may still face risks from the macro environment, industrial policies, market changes and other aspects. Please pay attention to the investment risks.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News and the website of Shanghai Stock Exchange. All information of the company shall be subject to the information disclosed in the above designated media and website.
It is hereby announced.
V V Food & Beverage Co.Ltd(600300) board of directors
April 11, 2002
