Securities code: Kaiyuan Education Technology Group Co.Ltd(300338) securities abbreviation: Kaiyuan Education Technology Group Co.Ltd(300338) Announcement No.: 2022024 Kaiyuan Education Technology Group Co.Ltd(300338)
Other risk warnings will be implemented for the company’s stock trading
Announcement on the suspension of trading of shares for one day
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions. Special tips:
1. The net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the last year shows that the company’s ability to continue as a going concern is uncertain. According to Article 9.4 (item 6) of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), if a listed company has one of the following situations: “the lower of the net profit before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the latest year shows that there is uncertainty in the company’s ability to continue operation”, Shenzhen Stock Exchange will implement other risk warnings for its stock trading.
2. The trading of the company’s shares has been suspended for one day since the opening of the market on April 29, 2022, and resumed since the opening of the market on May 5, 2022.
3. The company’s stock has been subject to “other risk warning” since May 5, 2022. The stock abbreviation has been changed from ” Kaiyuan Education Technology Group Co.Ltd(300338) ” to “St Kaiyuan”, and the securities code is still Kaiyuan Education Technology Group Co.Ltd(300338) . After the implementation of other risk warning, the daily rise and fall limit of the company’s stock trading is still 20%.
4. The company disclosed the first quarter report of 2022 (Announcement No.: 2022026) on April 29, 2022. As of the end of the first quarter report of 2022, the net assets were negative. If the audited ending net asset value of the company’s 2022 annual report is in accordance with article 10.3.1 (item 2) of the Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020): “the audited ending net asset of the latest accounting year is negative, or the ending net asset of the latest accounting year is negative after retroactive restatement”, “Delisting risk warning” will be implemented after the disclosure of the company’s annual report 2022.
Kaiyuan Education Technology Group Co.Ltd(300338) (hereinafter referred to as “the company”) disclosed the 2021 annual report on cninfo.com on April 29, 2022. The net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue operating. According to Article 9.4 of the Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), the company’s stock trading will be subject to other risk warnings after the disclosure of the 2021 annual report. 1、 The type, abbreviation, securities code of the stock and the starting date of other risk warnings
(I) the stock type is still RMB ordinary shares;
(II) the stock abbreviation is changed from ” Kaiyuan Education Technology Group Co.Ltd(300338) ” to “St Kaiyuan”;
(III) the stock code is still ” Kaiyuan Education Technology Group Co.Ltd(300338) “;
(IV) starting date of other risk warnings: May 5, 2022.
2、 Main reasons for implementing other risk warnings
The net profit of the company before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the last year shows that the company’s ability to continue as a going concern is uncertain. According to Article 9.4 (item 5) of Shenzhen Stock Exchange GEM Listing Rules (revised in December 2020), the listed company has one of the following situations: “the lower of the net profit before and after deducting non recurring profits and losses in the last three fiscal years is negative, and the audit report of the last year shows that there is uncertainty in the company’s ability to continue operation”, Shenzhen Stock Exchange will implement other risk warnings for its stock trading (the abbreviation of the stock is preceded by “ST”). 3、 Tips on matters related to the implementation of other risk warnings
According to relevant regulations, the company’s stock trading application was suspended for one day on April 29, 2022. Since the resumption of trading on May 5, 2022, the trading was resumed and other risk warnings were implemented. After the implementation of other risk warnings, the abbreviation of the company’s stock was changed from ” Kaiyuan Education Technology Group Co.Ltd(300338) ” to “St Kaiyuan”, the stock code was still ” Kaiyuan Education Technology Group Co.Ltd(300338) “, and the daily rise and fall limit of the company’s stock price was still 20% after the implementation of other risk warnings. 4、 Opinions and specific measures of the board of directors of the company on striving to revoke other risk warnings
The board of directors of the company will actively urge the management to take measures to improve the operating and financial conditions. The board of directors of the company will continue to track the progress of the above related work, ensure the sustainable operation ability of the company, safeguard the legitimate rights and interests of the company and shareholders, and strive to revoke other risk warnings. The board of directors of the company plans to take the following measures:
Actively respond to repeated epidemics, focus on strengthening class elimination management and improving operating income; Promote cost reduction and efficiency increase, strictly control costs and reduce cash expenditure; Implement the “central kitchen” strategy, reduce systematic costs, improve competitiveness and improve asset quality; Accelerate the development of online education business, improve profitability and improve business quality. 5、 Contact information of the company for consultation with investors during the implementation of other risk warnings
During the period when the company’s shares are subject to other risk warnings, the company will accept the consultation of investors by telephone, e-mail, interactive and other means, and arrange relevant personnel to respond to the inquiries of investors in a timely manner on the premise of not violating the relevant provisions on the confidentiality of insider information. The company’s contact information is as follows:
Contact Department: Securities Department of the company
Contact address: No. 172, Kaiyuan Road, Changsha Economic and Technological Development Zone, Hunan Province
Tel: 073184874926
Fax: 073184874926
Email: [email protected].
It is hereby announced.
Kaiyuan Education Technology Group Co.Ltd(300338) board of directors April 29, 2022
