Stock Code: Xinjiang Korla Pear Co.Ltd(600506) stock abbreviation: ST Xiangli Announcement No.: Lin 202221 Xinjiang Korla Pear Co.Ltd(600506)
With regard to the announcement of applying for cancellation of the delisting risk warning on the company’s shares, the board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint responsibilities for the authenticity, accuracy and completeness of its contents.
Special tips:
Xinjiang Korla Pear Co.Ltd(600506) (hereinafter referred to as the company) has applied to the Shanghai Stock Exchange to revoke the delisting risk warning of the company’s shares in accordance with the relevant provisions of the stock listing rules of the Shanghai Stock Exchange (hereinafter referred to as the stock listing rules). It is uncertain whether it will finally obtain the review and approval of the Shanghai Stock Exchange. Please make careful decisions and pay attention to investment risks.
1、 Delisting risk warning of the company’s stock trading
According to the audit of ZTE caiguanghua Certified Public Accountants (special general partnership), as of December 31, 2020, the net profit attributable to the shareholders of the listed company in 2020 was negative and the operating income was less than RMB 100 million. According to article 9.3.2 of the stock listing rules of Shanghai Stock Exchange, the delisting risk warning of the company’s shares was implemented on April 28, 2021. After the delisting risk warning was implemented, the abbreviation of the company’s stock was changed from “Xiangli shares” to ” ST Xiangli”, and the daily rise and fall of the stock price was limited to 5%. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 27, 2021 Announcement on the risk warning and suspension of delisting of the company’s shares (Announcement No.: Lin 202123).
2、 Application for cancellation of delisting risk warning
On April 20, 2022, the company disclosed the annual report of 2021. Through the audit of ZTE caiguanghua Certified Public Accountants (special general partnership) and the issuance of standard unqualified audit report and special description of operating income deduction, as of December 31, 2021, the net assets attributable to the shareholders of the listed company were 2425868 million yuan; In 2021, the operating income was 349536500 yuan, and the operating income after deducting the business income irrelevant to the main business and the income without commercial substance was 289327700 yuan; The net profit attributable to the shareholders of the listed company is -359334 million yuan, and the net profit after deducting non recurring profits and losses is -370834 million yuan. According to article 9.3.6 of the Listing Rules of Shanghai Stock Exchange, the company’s operation in 2021 does not have any situation specified in Items 1 to 4 of article 9.3.6, and the company does not have other situations requiring delisting risk warning or other risk warning specified in the Listing Rules of shares.
On April 19, 2022, the proposal on applying for cancellation of delisting risk warning for the company’s shares was deliberated and adopted at the 29th meeting of the seventh board of directors of the company. The board of directors agreed that the company applied to Shanghai stock exchange for cancellation of delisting risk warning for the company’s shares.
3、 Risk tips
Within 10 trading days after receiving the company’s application to revoke the delisting risk warning for the company’s shares, Shanghai Stock Exchange shall decide whether to revoke the delisting risk warning for the company’s shares according to the actual situation. According to article 9.1.11 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022): “before the bourse makes a decision on whether to revoke the risk warning and terminate the listing of shares, it may require the listed company to provide supplementary materials, and the period during which the company provides supplementary materials shall not be included in the period during which the bourse makes relevant decisions.”
There is significant uncertainty about whether the company can obtain the approval of Shanghai Stock Exchange. During the review period of Shanghai Stock Exchange, the company does not apply for stock suspension, and the company’s shares are traded normally. The company will timely fulfill the obligation of information disclosure according to the progress of the above application.
The company solemnly reminds investors that the information disclosure media designated by the company are Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN). All information of the company is subject to the information published in the above designated media. Please pay attention to the relevant announcements, make prudent decisions, invest rationally and pay attention to investment risks. It is hereby announced.
Xinjiang Korla Pear Co.Ltd(600506) board of directors April 19, 2002
