Henan Huaying Agricultural Development Co.Ltd(002321) : Announcement on the completion of the implementation of the company's reorganization plan

Securities code: Henan Huaying Agricultural Development Co.Ltd(002321) securities abbreviation: Henan Huaying Agricultural Development Co.Ltd(002321) Announcement No.: 2022030

Henan Huaying Agricultural Development Co.Ltd(002321)

Announcement on the completion of the implementation of the company's reorganization plan

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.

Important content tips:

1. Henan Xinyang intermediate people's Court (hereinafter referred to as "Xinyang intermediate people's court" or "law court")

Court ") made civil ruling (2021) Yu 15 Po No. 6-4 on April 14, 2022,

Ruling to confirm Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (hereinafter referred to as "reorganization plan")

The implementation of the whole plan is completed, and the Huaying agricultural reorganization procedure is terminated.

2. In view of the completion of the reorganization plan, Henan Huaying Agricultural Development Co., Ltd

The company (hereinafter referred to as "the company") has applied to Shenzhen stock exchange for cancellation in accordance with regulatory requirements

Corresponding "delisting risk warning".

The company received (2021) Yu 15 Po No. 6-4 civil ruling on April 14, 2022,

The court ruled that the implementation of the reorganization plan has been completed, as follows:

1、 Overview of company reorganization

Xinyang intermediate people's court ruled to accept the applicant Huangchuan Ruihua supply chain on November 20, 2021

Manage the reorganization application of the limited liability company to the company, and appoint Beijing Jindu (Shenzhen) law

Certified Public Accountants and Zhongqin Wanxin Certified Public Accountants (special general partnership) Henan Branch

People. For details, see the announcement on the court's ruling to accept the reorganization of the company (Announcement No.:

2021071)。

On December 22, 2021, the first creditors' meeting of Huaying agricultural reorganization was held,

The meeting voted and approved the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (Draft), and the investor group meeting also voted and approved the investor equity adjustment plan of Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan (Draft). For details, see the announcement on the convening of the first creditors' meeting (Announcement No.: 2021084) and the announcement on the resolutions of the investors' group meeting (Announcement No.: 2021085).

On December 22, 2021, Xinyang intermediate people's court made a civil ruling (2021) Yu 15 Po No. 6-1, ruling to approve the reorganization plan of Huaying agriculture and terminate the reorganization procedure of Huaying agriculture. For details, see the announcement on the approval of the reorganization plan by the court (Announcement No.: 2021086).

On April 11, 2022, the company submitted the report on the implementation of Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan to the manager, which reported that the company had completed the implementation of the reorganization plan. On the same day, the manager of the company submitted the supervision report on the implementation of Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan to Xinyang intermediate people's court, which submitted it to Xinyang intermediate people's court to confirm the completion of the implementation of the reorganization plan.

On April 14, 2022, Xinyang intermediate people's court made a civil ruling (2021) Yu 15 Po No. 6-4, which confirmed that the implementation of Huaying agricultural restructuring plan had been completed and terminated Huaying agricultural restructuring procedures.

2、 Main contents of civil ruling

After examination, Xinyang intermediate people's court held that: "Huaying agricultural restructuring plan clearly stipulates the standard for the completion of the implementation of the restructuring plan. Now, based on the above facts and the supervision and confirmation of the manager, the implementation of the restructuring plan in this case has been completed. In view of the completion of the implementation of the restructuring plan in this case and the completion of the restructuring work, the manager applies to confirm that the implementation of the restructuring plan and the termination of the restructuring procedures comply with the law. After discussion and decision by the judicial committee of this court, in accordance with According to the provisions of Article 4, paragraph 1 of Article 91 of the enterprise bankruptcy law of the people's Republic of China and paragraph 11 of paragraph 1 of Article 154 of the Civil Procedure Law of the people's Republic of China, the ruling is as follows:

1、 Confirm that the implementation of Henan Huaying Agricultural Development Co.Ltd(002321) reorganization plan has been completed; 2、 End the Henan Huaying Agricultural Development Co.Ltd(002321) reorganization procedure. "

3、 Impact of reorganization on the company

Through a series of actions such as introducing reorganization investors to provide financial support in the reorganization process and prudently disposing of inefficient assets, the company has effectively resolved the company's debt crisis, improved the company's asset liability structure, fundamentally improved the company's fundamentals, gradually restored its sustainable operation ability and profitability, and returned to a benign development track.

According to the preliminary calculation of the company, this reorganization will have a positive impact on the financial data of the company in 2021. The specific financial data of the company in 2021 shall be subject to the audited financial statement data.

4、 Other matters

On November 20, 2021, the company received the civil ruling (2021) Yu 15 Po Shen No. 4 served by Xinyang intermediate people's court. The court ruled to accept the creditor's application for reorganization of the company. Due to the situation of delisting risk warning in Item (VII) of article 14.4.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), the company's stock trading was subject to delisting risk warning. On April 14, 2022, Xinyang intermediate people's court has ruled to confirm the completion of the company's reorganization plan and terminate the company's reorganization procedures. The delisting risk warning of the company due to the early court's acceptance of the company's reorganization according to law has been eliminated. The company will, in accordance with item (I) of article 9.4.13 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022) (hereinafter referred to as the "Listing Rules"), Apply to Shenzhen stock exchange for cancellation of delisting risk warning.

5、 Risk tips

1. The company's 2020 financial report has been audited by Asia Pacific (Group) accounting firm (special general partnership), which cannot express an opinion. If one of the following circumstances occurs in 2021, the listing of the company's shares will be terminated according to article 9.3.11 of the Listing Rules: (I) the audited net profit 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; (II) the audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative; (III) the financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions; (IV) failing to disclose the annual report guaranteed by more than half of the directors to be true, accurate and complete within the statutory time limit; (V) although it complies with the provisions of article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit; (VI) due to non-compliance with article 9.3.7, the delisting risk warning application was not reviewed and approved by the exchange. The company will conscientiously perform the obligation of information disclosure in strict accordance with the relevant provisions of the listing rules and disclose the progress of relevant matters in a timely manner. The information disclosure media designated by the company are securities daily, securities times, Shanghai Securities News, China Securities News and http://www.cn.info.com.cn, All information of the company shall be subject to the information disclosed in the above designated media and websites. Please make careful decisions and pay attention to investment risks.

It is hereby announced.

Henan Huaying Agricultural Development Co.Ltd(002321) board of directors April 16, 2002

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