301049: Anhui Chaoyue Environmental Protection Technology Co.Ltd(301049) attention letter

Notice on Anhui Chaoyue Environmental Protection Technology Co.Ltd(301049) gem notice [2022] No. 15 Anhui Chaoyue Environmental Protection Technology Co.Ltd(301049) board of directors:

On the evening of January 7, 2022, your company disclosed the revised announcement of 2021 annual performance forecast. It is estimated that the net profit attributable to the shareholders of the listed company in 2021 (hereinafter referred to as "net profit") will be 80-100 million yuan, a year-on-year decrease of 29.37% to 43.49%. In the prospectus disclosed by your company in August 2021, it is estimated that the net profit in 2021 will be 156646200 yuan to 180.6985 million yuan, with a year-on-year increase of 10.64% to 27.63%. There are great differences between the two performance estimates. Our department is concerned about this. Please explain the following matters:

1. Your company claims that the income of hazardous waste disposal business is lower than expected due to the adjustment of internal approval process of customers, termination of the original implementation process, reduction of disposal price caused by market competition, etc., affecting the income of about 70 million yuan.

(1) Please supplement the contract details adjusted due to the customer's reasons, including the customer's name, contract signing time, contract amount, performance progress, etc. your company knows the specific time of contract adjustment, whether it timely performs the obligation of information disclosure, and explain whether the customer needs to bear the obligation of compensation or liability for breach of contract in combination with relevant contract terms;

(2) Please list the changes in the price of hazardous waste disposal business in 2021, and explain whether your company fully considers the risk of price fluctuation in the early performance forecast.

2. Your company claims that due to the impact of the upgrading and transformation of the household appliance disassembly production line, the operation of the production line is delayed, affecting the disassembly business by about 12 million yuan. Please add the original schedule of upgrading and transformation of the household appliance disassembly production line, the specific reasons and occurrence process of the impact on the work process, and whether the risk of uncertain work process is considered in the performance forecast in the early stage.

3. Please measure the impact of the above events on the company's net profit in 2021, verify and explain whether there are other events that lead to the performance falling short of expectations, the occurrence process of relevant events, your company knows the specific time point of relevant events, and whether you fulfill the obligation of information disclosure in time.

4. Please add the reasons for your company's prediction of the annual performance in the prospectus, listing announcement and other issuance documents, and explain whether the basis and applicable key parameters of your company's prediction of the annual performance in the issuance documents are reasonable and prudent, and the reasons for your failure to consider or accurately evaluate the impact of the above factors on the company's performance, Whether the performance forecast disclosed in the issuance documents is objective and prudent, whether there is a situation of improving the performance forecast to affect the issuance pricing, and whether there is a situation of misleading investors. The recommendation institutions and accountants are invited to express their opinions. 5. Please report the insider information of the amendments to the performance forecast to our department, and conduct self-examination on the trading of the company's shares by the company's directors, supervisors and more than 5% of the shareholders within one month before the announcement, and whether there is any trading using the insider information.

Please make a written statement on the above matters, submit the relevant explanatory materials to our department for disclosure before January 11, and send a copy to the listed company supervision division of Anhui securities regulatory bureau. At the same time, remind your company that listed companies must conscientiously and timely fulfill the obligation of information disclosure in accordance with national laws and regulations and the Shenzhen Stock Exchange GEM Listing Rules. All members of the board of directors of a listed company must ensure that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint liabilities for their guarantee. We are writing to inform you.

Gem company management department January 9, 2022

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