Securities code: Jinzhou Cihang Group Co.Ltd(000587) securities abbreviation: ST Jinzhou Announcement No.: 2022027 Jinzhou Cihang Group Co.Ltd(000587)
Supplementary announcement on the delisting risk warning of the company’s shares
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Jinzhou Cihang Group Co.Ltd(000587) (hereinafter referred to as the company) disclosed the announcement on delisting risk warning of the company’s shares on April 12, 2022, No.: 2022026. The relevant information is supplemented as follows: I. supplementary information on delisting risk warning of the company’s shares
On January 7, 2022, Jinzhou Cihang Group Co.Ltd(000587) (hereinafter referred to as the company) disclosed the announcement on receiving the notice of debt exemption (No.: 2022001). The debtor sent the notice of debt exemption to the company, which exempted the company’s debt by a total of 1.411 billion yuan. Among them, the company’s debt of RMB 406 million of Anhui Zhong’an Financial Asset Management Co., Ltd. (hereinafter referred to as “Zhong’an finance”) is involved. According to the relevant provisions of the creditor’s rights transfer contract, the transfer price of the creditor’s rights of RMB 406 million of Zhong’an finance obtained by Zhongrun boguan is RMB 10 million and 53.33 million shares of Jinzhou Cihang, Zhongrun boguan must deliver 53.33 million shares of Jinzhou Cihang of Zhong’an finance and complete the equity change procedures before June 30, 2022. At the same time, article 10.2.2 of the creditor’s rights transfer contract stipulates that if Zhongrun boguan fails to deliver the shares as required and the overdue days reach more than 10 days, Zhongan finance has the right to unilaterally terminate the contract.
As of the balance sheet date, the debt of RMB 400 million has not been fully exempted due to the uncertainty of payment of the agreed debt in the balance sheet, and the debt has not been fully exempted as of the balance sheet date. According to the prudent judgment of the company, as of the balance sheet date, Zhong’an finance still has the right to terminate the contract, Zhongrun boguan has not fully obtained the original creditor’s rights, its legal and effective creditor qualification is in doubt, and the current obligation of the company to the debt of 406 million yuan has not been relieved.
According to the performance forecast for 2021 disclosed by the company, it is estimated that the net assets at the end of the period will be 216 million yuan to 316 million yuan, including the capital reserve increased due to debt exemption. As the current debt of RMB 406 million cannot be derecognized on the balance sheet date, the net assets of the company’s 2021 annual financial statements will be negative after being audited by an accounting firm. It is expected that the disclosure of the company’s 2021 annual financial statements will touch the provisions of article 9.3.1 of the stock listing rules (revised in 2022), and the company’s shares will be warned of delisting risk by Shenzhen Stock Exchange.
As of the announcement date, Zhongrun boguan has paid a performance bond of 13 million yuan and a deposit of 35.72 million yuan to Zhong’an finance. Subsequently, Zhongrun boguan plans to sign a supplementary agreement and pay cash to facilitate the performance of the creditor’s right transfer contract.
2、 Delisting risk and other risk warnings have been implemented
See announcement on delisting risk warning of the company’s shares (No.: 2022026) for details.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times and http://www.cn.info.com.cn, All publicly disclosed information shall be subject to the announcement published in the designated media. Please invest carefully and pay attention to investment risks.
It is hereby announced.
Jinzhou Cihang Group Co.Ltd(000587) board of directors April 12, 2022
