Securities code: Easy Visible Supply Chain Management Co.Ltd(600093) securities abbreviation: ST easy to see Announcement No.: 2022032 Easy Visible Supply Chain Management Co.Ltd(600093)
Risk warning announcement on the possible delisting of 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 liabilities for the authenticity, accuracy and completeness of its contents.
Important contents and risk tips:
On April 19, 2022, the company received the notice issued by the CSRC. The suspected illegal facts of the company are: there are false records and major omissions in the periodic reports from 2015 to 2020; Failed to disclose the 2020 annual report on schedule. The company preliminarily judged that the illegal acts involved in the company in the notice received this time may touch the major illegal compulsory delisting situations stipulated in the rules such as the Listing Rules of Shanghai Stock Exchange. The final facts shall be subject to the conclusion of the decision on administrative punishment issued by the CSRC.
The audited ending net assets of the company in 2020 are negative, the financial and accounting report has been issued with an audit report that cannot express opinions, and the company’s shares have been warned of delisting risk. On April 22, 2022, the company disclosed the announcement on the correction of 2021 annual performance forecast. According to the company’s re calculation, the net assets of the company at the end of 2021 are expected to be -5572682700 yuan to -4559467700 yuan. If the net assets of the company at the end of 2021 are negative, or the 2021 annual report touches other financial compulsory delisting standards, the listing of the company’s shares will be terminated due to the financial compulsory delisting, and the trading of the company’s shares will be suspended from the date of disclosure of the annual report.
The closing price of the company’s shares on April 21, 2022 is 0.90 yuan / share, which is lower than 1 yuan. The company’s shares may touch the situation of compulsory delisting of trading.
Up to now, the company has not been informed of the plans of the controlling shareholders and actual controllers for major asset restructuring and other major matters of the company. Investors are invited to pay attention to investment risks.
On June 20, 2021, Yunnan Jiutian Investment Holding Group Co., Ltd. (hereinafter referred to as “Jiutian holding”), the former controlling shareholder of the company, sent a letter confirming that it occupied 4.253 billion yuan of funds for the company and its subsidiaries. Through self-examination, the company found that it is possible to increase the creditor’s rights receivable from Jiutian holding and its highly suspected affiliated enterprises. At present, the company is still in the process of further verification. At the same time, the company has sent letters to Jiutian holding for many times to urge it to fulfill its obligation of capital occupation and repayment. As of April 21, 2022, Jiutian Holdings has not replied to the time, nature, route and amount of funds occupied, and the company has not received any repayment.
Liquidity and continuous operation risk: the company is facing the financial pressure of subsequent debt repayment, external guarantee, joint and several compensation and tax payment. The uncollected large amount of receivables of the company has not been effectively improved, capital liquidity is tight, liquidity risk is faced, and the ability of sustainable operation is uncertain.
Litigation and asset freeze risk: at present, the company involves a number of litigation matters, and some litigation of the company has been decided. If it enters the execution stage according to the judgment results, it will have an adverse impact on the operation and performance of the company; The subsidiary of the company received the notice of ordering to pay and deposit within a time limit from Beijing housing provident fund management center and the decision of labor security supervision ordering to correct from Xishan District human resources and Social Security Bureau of Kunming because it failed to pay the employee’s housing provident fund and unpaid salary on time. At present, the salary arrears of the company and some subsidiaries have not been solved, and there is a risk of labor arbitration, which does not rule out the risk of other administrative penalties in the future.
As of April 21, 2022, 46 bank accounts of the company and its subsidiaries have been frozen, involving a total amount of 8272022 million yuan; The frozen amount of bank account is 4.9855 million yuan; Part of the equity of the five subsidiaries of the company was frozen, involving a total amount of 215629800 yuan and interest, and the total amount of equity of the frozen equity was 15653500 yuan. It does not rule out the subsequent new litigation cases or the freezing of other assets of the company, which exacerbated the company’s financial tension.
The company reported to the public security organ that some former executives were suspected of committing crimes. On July 30, 2021, the company received the notification of case filing from Kunming Public Security Bureau and was filed for investigation. At present, the investigation work of the public security organ is in progress.
1、 Reasons for possible delisting
(I) financial compulsory delisting risk
Easy Visible Supply Chain Management Co.Ltd(600093) (hereinafter referred to as “the company”) the audited ending net assets in 2020 were negative, the financial accounting report was issued with an audit report that could not express an opinion, and the company’s shares had been warned of delisting risk.
On April 22, 2022, the company disclosed the announcement on correction of 2021 annual performance forecast (Announcement No.: 2022031). According to the suspected illegal facts of the company in the prior notice of administrative punishment and market Prohibition (punishment Zi [2022] No. 25) (hereinafter referred to as the “notice”), the company estimates that the net assets of the company at the end of 2021 are expected to be -5572682700 yuan to -4559467700 yuan. If the net assets of the company at the end of 2021 are negative, or the 2021 annual report touches other financial compulsory delisting standards, the listing of the company’s shares will be terminated due to the financial compulsory delisting, and the trading of the company’s shares will be suspended from the date of disclosure of the annual report.
(II) major illegal compulsory delisting risks
The company received the notice issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC”) on April 19, 2022. The suspected illegal facts of the company are: there are false records and major omissions in the periodic reports from 2015 to 2020; Failed to disclose the 2020 annual report on schedule. The company preliminarily judges that the illegal acts involved in the company in the notice received this time may touch the major illegal compulsory delisting situations stipulated in the stock listing rules of Shanghai Stock Exchange. The final conclusion of this administrative punishment shall be subject to the administrative punishment decision issued by the CSRC.
(III) transaction compulsory delisting risk
The closing price of the company’s shares on April 21, 2022 was 0.90 yuan / share, lower than 1 yuan. According to paragraph (I) of article 9.2.1 of the Listing Rules of Shanghai Stock Exchange: if the daily closing price of the company’s shares is lower than RMB 1 for 20 consecutive trading days, the listing of the company’s shares will be terminated, which belongs to trading compulsory delisting; According to article 9.2.3 of the Listing Rules of Shanghai Stock Exchange: if the closing price of the stock is lower than RMB 1 for the first time, the risk warning announcement that the company’s shares may be terminated shall be issued on the next trading day; If the closing price of the company’s shares is lower than RMB 1 per day for 10 consecutive trading days (excluding the suspension day of the company’s shares), a risk warning announcement that the company’s shares may be delisted shall be issued on the next trading day, and then disclosed once per trading day, Until the situation that the closing price of the company’s shares is lower than RMB 1 is eliminated or the Shanghai stock exchange makes a decision to terminate the listing of the company’s shares (whichever comes first); According to article 9.6.1 of the Listing Rules of Shanghai Stock Exchange, the shares of trading compulsory delisting companies will not enter the delisting consolidation period.
According to article 9.1.16 of the Listing Rules of Shanghai Stock Exchange, if a listed company has more than two risk warnings and termination of listing, the exchange shall implement risk warnings and termination of listing of its shares in accordance with the principle of first touch first application.
2、 Subsequent arrangements if the listing is terminated
According to the Listing Rules of Shanghai Stock Exchange, in case of any circumstance specified in Item (I) of article 9.3.11, Shanghai Stock Exchange will make a decision on whether to terminate the listing of the company’s shares within 15 trading days after the company discloses the 2021 annual report.
In view of the above situation, the board of directors and management of the company attach great importance to and pay close attention to it. As of the disclosure date of this announcement, there has been no significant change in the company’s operation. All parties of the company are actively working to strengthen the company’s operation fundamentals, and continue to promote key work such as business expansion, windproof bonds and annual report preparation, so as to provide favorable guarantee for subsequent operation. The board of directors of the company will pay close attention to the current stock price trend of the company and timely perform the obligation of information disclosure in accordance with relevant regulations.
The company solemnly reminds investors that the company’s information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in the information media designated by the company shall prevail. Please make prudent and rational decisions and pay attention to investment risks.
It is hereby announced.
Easy Visible Supply Chain Management Co.Ltd(600093) board of directors
April 22, 2002
