Stock trading abnormal fluctuation announcement
Securities code: 002656 securities abbreviation: Modern Avenue Group Co.Ltd(002656) Announcement No.: 2022-002 Modern Avenue Group Co.Ltd(002656)
Stock trading abnormal fluctuation announcement
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、 Abnormal fluctuation of stock trading
Modern Avenue Group Co.Ltd(002656) (hereinafter referred to as “the company” or “the company”) shares (securities code: 002656; securities abbreviation: St modern) have a cumulative deviation of more than 12% from the closing price within three trading days of January 7, January 10 and January 11, 2022. According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, they belong to abnormal fluctuations in stock trading.
2、 Description of the situation concerned and verified by the company
According to the requirements of relevant regulations, the company has conducted necessary verification, and the relevant verification is explained as follows: 1. There are no major events that should be disclosed but not disclosed by the company, controlling shareholders and actual controllers, or major events in the planning stage;
2. During the period of abnormal stock fluctuation, the controlling shareholders, actual controllers and persons acting in concert of the company do not buy or sell the company’s shares. As of the date of this announcement, the passive reduction plan of the company’s controlling shareholders has not been implemented. For details, see the pre disclosure announcement on possible passive reduction of the company’s controlling shareholders (Announcement No.: 2021-123) issued by the company on the designated information disclosure media on September 23, 2021.
3、 Whether there is a description of information that should be disclosed but not disclosed
The board of directors of the company confirms that the company does not have any information that should be disclosed but has not been disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and other relevant provisions, which has a great impact on the trading price of the company’s shares and their derivatives. Through self-examination, the company does not violate the fair disclosure of information.
4、 Necessary risk tips
1. As the controlling shareholder and actual controller of the company violate the prescribed procedures, they are provided in the name of the company and its subsidiaries
Stock trading abnormal fluctuation announcement
Guarantee: according to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, since the opening of the market on January 13, 2020, the company’s stock trading has been subject to other risk warnings. The abbreviation of the company’s stock has been changed from “modern Avenue” to “St modern”, the stock code is still “002656”, and the rise and fall of the stock trading day is limited to 5%. As of the disclosure date of this announcement, the company does not meet the conditions for applying for cancellation of other risk warnings;
2. The company received the investigation notice of China Securities Regulatory Commission (Yue Cha Zi No. 20006) on March 31, 2020. As the company is suspected of violating laws and regulations in information disclosure, the China Securities Regulatory Commission decided to file a case for investigation in accordance with the securities law of the people’s Republic of China and other relevant provisions. On December 3, 2021, the company received the advance notice of administrative punishment (gzzjzz [2021] No. 21) issued by Guangdong regulatory bureau of China Securities Regulatory Commission. For details, see the announcement on the receipt of advance notice of administrative punishment by the company and relevant parties (Announcement No.: 2021-142) disclosed by the company on December 7, 2021. According to the identification of the prior notice of administrative punishment, the company preliminarily judged that the violations involved in the prior notice of administrative punishment received this time did not touch articles 14.5.1, 14.5.2 and 14.5.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020) and Article 2 and 14.5.3 of the measures for the implementation of compulsory delisting of Listed Companies in major violations of Shenzhen Stock Exchange Cases of major illegal compulsory delisting specified in Articles 4 and 5. The final punishment result shall be subject to the administrative punishment decision issued by Guangdong regulatory bureau of China Securities Regulatory Commission. Investors are invited to pay attention to investment risks.
3. The controlling shareholder of the company has passive reduction, which may lead to the risk of change of control;
4. The company solemnly reminds investors: securities times, China Securities News, securities daily and cninfo（ http://www.cn.info.com.cn. ）As the information disclosure media designated by the company, all information of the company shall be subject to the information published in the above designated media. The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. Please invest rationally and pay attention to risks.
It is hereby announced.
Modern Avenue Group Co.Ltd(002656) board of directors January 12, 2022
