Securities code: Yunnan Tin Co.Ltd(000960) securities abbreviation: Yunnan Tin Co.Ltd(000960) Announcement No.: 2022024 Yunnan Tin Co.Ltd(000960)
Announcement on the suspension of holding subsidiaries affected by the epidemic
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.
1、 Basic information
In order to actively respond to and implement the relevant epidemic prevention and control policies of Maguan County government departments, according to the notification requirements of the local government, Yunnan Hualian zinc indium Co., Ltd. (hereinafter referred to as “Hualian zinc indium”) a holding subsidiary of Yunnan Tin Co.Ltd(000960) (hereinafter referred to as ” Yunnan Tin Co.Ltd(000960) ” or “the company”) has temporarily stopped production as required to fully cooperate with the government in epidemic prevention and curb the spread and spread of the epidemic, The specific resumption time will be arranged according to the epidemic control requirements of the local government. In addition to the temporary shutdown of Hualian zinc indium, the production organization of Yunxi Wenshan zinc indium smelting Co., Ltd., a wholly-owned subsidiary of the company located in Maguan County, and the production units in other regions of the company is normal and orderly.
2、 Impact of this temporary shutdown on the company
Hualian zinc indium is mainly engaged in non-ferrous metal mining and beneficiation, and the company currently holds 82.15% of its shares. The temporary shutdown of Hualian zinc indium is expected to have an adverse impact on the company’s short-term operating performance. The company will actively maintain communication with the local government on matters related to the temporary shutdown and seek solutions. Under the condition of meeting the requirements of epidemic prevention and control, it will strive to resume production as soon as possible to minimize the impact on the company.
The specific impact of temporary shutdown on the company’s current performance cannot be accurately predicted, and the specific impact degree shall be subject to the regular report or temporary announcement subsequently disclosed by the company. The company predicted that the temporary suspension of production of Hualian zinc indium would be a short-term measure for the epidemic prevention work in Maguan County and would not have an adverse impact on the long-term development of the company.
3、 Countermeasures
In order to minimize the adverse impact of the temporary suspension of production of Hualian zinc indium on the company and effectively protect the interests of all shareholders, the company will take the following countermeasures:
1. In accordance with the requirements for epidemic prevention and control in Maguan County, strictly implement various epidemic prevention and control measures, actively support and cooperate with the government in epidemic prevention, and do a good job in the guarantee of production materials, living materials and epidemic prevention materials, so as to help the local epidemic prevention and control win as soon as possible and strive to realize the conditions for resumption of production as soon as possible;
2. Carefully study and formulate the production assurance plan under the epidemic situation, scientifically and reasonably arrange the production organization, material transportation and personnel support, so as to minimize the adverse impact of the epidemic on production and operation.
3. On the premise of strictly complying with the requirements of epidemic prevention and control, make preparations for the resumption of work and production of Hualian zinc indium in advance, and strive to resume normal production and operation as soon as possible after the elimination of epidemic prevention and control. Once the work is resumed, the company will go all out to organize production, strive to catch up with the production schedule as soon as possible, minimize the impact of this temporary shutdown and protect the interests of the company and all shareholders.
4、 Relevant risk tips
The company will pay close attention to the epidemic situation in Maguan County and the follow-up progress of this temporary shutdown, and fulfill the obligation of information disclosure in time according to relevant regulations. Please pay attention to the investment risks.
It is hereby announced
Yunnan Tin Co.Ltd(000960) board of directors
April 18, 2002
