Securities code: Jinzhou Cihang Group Co.Ltd(000587) securities abbreviation: ST Jinzhou Announcement No.: 2022026 Jinzhou Cihang Group Co.Ltd(000587)
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.
1、 The company’s shares will be subject to delisting risk warning
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). China Resources boguan and Fenghui leasing sent the notice of debt exemption to the company respectively, and the two notices exempted the company’s debt by 1.411 billion yuan in total.
As of the announcement date, the total amount of the above debt exemption involves the transfer of creditor’s rights of RMB 406 million. Because the original creditor Zhong’an finance has not received the shares agreed in the creditor’s rights transfer contract, there will be the possibility of invalidation, resulting in the risk of cancellation of the exemption of Zhongrun boguan from this debt. If Zhongrun boguan subsequently pays the shares as agreed in the creditor’s rights transfer contract, the debt restructuring income will not be recognized in 2021. Therefore, 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), The company’s shares will be subject to delisting risk warning by Shenzhen Stock Exchange.
The company will revise the performance forecast of 2021 before April 18 according to the above situation and in combination with the actual situation.
2、 Delisting risk and other risk warnings have been implemented
1. Jinzhou Cihang Group Co.Ltd(000587) (hereinafter referred to as the company) suffered losses for two consecutive years in 2018 and 2019. According to the relevant provisions of item (I) of article 13.2.1 of the Listing Rules of Shenzhen Stock Exchange (revised in November 2018), the delisting risk warning has been implemented for the company’s stock trading since the opening of the market on May 7, 2020; Because the internal control audit report of the company issued negative opinions in the latest year, the net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, and the audit report of the latest year shows that there is uncertainty in the company’s sustainable operation ability, according to the relevant provisions of article 13.3 of the stock listing rules (revised in 2020), The company’s shares have been superimposed with other risk warnings since the opening of the market on April 29, 2021;
2. Due to the situation that the company’s main bank accounts are frozen, the frozen accounts are most of the company’s accounts (including basic accounts). According to the relevant provisions of article 9.8.1 of the stock listing rules (revised in 2022), the company’s shares have been superimposed and implemented with other risk warnings since January 25, 2022 (see the announcement on superimposed implementation of other risk warnings for company shares, No.: 2022010);
3. Due to the company’s suspected illegal information disclosure, the CSRC decided to file a case against the company in accordance with the securities law, the administrative punishment law and other laws and regulations. For details, see the announcement on the company’s receipt of the notice of filing by the CSRC and the progress announcement (No.: 2021117, 121) on September 17, 2021.
At present, the investigation is still in progress, and the company has not yet received the concluding observations or decisions of the SFC on the above investigation. If the above investigation conclusion touches the relevant provisions of articles 9.5.1 and 9.5.2 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company’s shares may have the risk of delisting. 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
