Securities code: 6 0 3399 securities abbreviation: Jinzhou Jixiang Molybdenum Co.Ltd(603399) Announcement No.: 2022-007 Jinzhou Jixiang Molybdenum Co.Ltd(603399)
Supplementary explanation announcement on abnormal fluctuation of stock trading
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 liabilities for the authenticity, accuracy and completeness of its contents.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) (hereinafter referred to as “the company”) issued the announcement on abnormal fluctuation of Jinzhou Jixiang Molybdenum Co.Ltd(603399) Stock Trading (Announcement No. 2022-006) on January 11, 2022. Now, the supplementary risk tips on relevant matters are as follows:
1. On January 6, 2022, the company held the 50th meeting of the 4th board of directors and the 27th meeting of the 4th board of supervisors, deliberated and adopted the proposal on acquiring 100% equity and related party transactions of Hunan Yongshan Lithium Industry Co., Ltd., and the company acquired 100% equity of Hunan Yongshan lithium industry Co., Ltd. (hereinafter referred to as “Yongshan lithium”) with RMB 480 million in cash. For details, see the announcement published on the website of Shanghai Stock Exchange and the information disclosure media designated by the company on January 7, 2022. At present, the company and relevant parties are actively promoting the work of this acquisition. The above transactions still need to be submitted to the general meeting of shareholders for deliberation and approval.
After this transaction, the company’s current main business is still molybdenum product business and film and television business, and there will be no change in the main business.
2. Yongshan lithium is still under construction and is expected to be officially put into operation at the end of June 2022. In 2020, the company’s operating revenue was 1.5221 million yuan and its net profit was -4.8897 million yuan; From January to September 2021, the operating revenue was 27.4701 million yuan and the net profit was 6.3145 million yuan. There is uncertainty in the future operating income and profit of Yongshan lithium. After this transaction, Yongshan lithium has uncertainty in its impact on the company’s operating income and profit.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News, Securities Daily, securities times and the website of Shanghai Stock Exchange www.sse com. cn.， Please pay attention to the company’s information disclosure and investment risks.
It is hereby announced.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) board of directors January 11, 2022
