Securities code: Bright Oceans Inter-Telecom Corporation(600289) securities abbreviation: St Xintong Announcement No.: pro 2022038
Bright Oceans Inter-Telecom Corporation(600289)
Announcement on the company's stock trading continued to be subject to other risk warnings
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 content tips:
Due to the relevant provisions of items 1 and 5 of article 13.9.1 of the stock listing rules of Shanghai Stock Exchange (revised in December 2020), the "delisting risk warning" of the company's shares was revoked and the "other risk warning" continued to be implemented from May 20, 2021.
After the company's investigation item by item and the disclosure of the 2021 annual report, the company's shares comply with the provisions of items (I), (V) and (VI) of 9.8.1 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), and the shares are subject to other risk warnings.
Since April 29, 2022, the company's stock will continue to implement "other risk warning", the stock abbreviation is still "St Xintong", the stock code is still Bright Oceans Inter-Telecom Corporation(600289) , and the daily rise and fall limit of stock trading price is still 5%. 1、 The company's shares are subject to other risk warnings in the early stage
Bright Oceans Inter-Telecom Corporation(600289) (hereinafter referred to as "the company") implemented "other risk warning" for the company's shares due to the first item of "occupation of non operating funds and illegal guarantee" and the fifth item of "freezing of main bank accounts" in article 13.9.1 of the stock listing rules of Shanghai Stock Exchange (Revised in December 2020).
(I) the company's shares have been subject to other risk warnings since December 26, 2017 due to the violation of paragraph (III) of article 13.3.1 of the original listing rules of Shanghai Stock Exchange (2013) and paragraph (V) of article 13.9.1 of the Listing Rules of Shanghai Stock Exchange (revised in December 2020): "the main bank accounts of listed companies have been frozen", For details, please refer to the announcement of Yiyang Xintong on the implementation of other risk warnings for the company's shares (Announcement No.: pro 2017079) disclosed by the company on December 26, 2017. After the implementation of other risk warnings, the company will disclose a prompt announcement once a month. As of the disclosure date of this announcement, the freezing of major bank accounts has not been fully resolved.
(II) the company's shares were subject to "other risks warning" due to the fact that the amount of suspected illegal guarantee exceeded 10 million yuan and the amount of non operating funds occupied by the controlling shareholder exceeded 10 million yuan, which touched the first item of "non operating funds occupation and suspected illegal guarantee" in article 13.9.1 of the stock listing rules of Shanghai Stock Exchange (revised in December 2020).
2、 The company's shares are continuously subject to other risk warnings
In 2021, Dahua Certified Public Accountants (special general partnership) (hereinafter referred to as "Dahua certified public accountants") issued the annual audit report of 6 Keli Motor Group Co.Ltd(002892) 021 and the special statement of Dahua Certified Public Accountants on matters related to the qualified opinions, strengthened adjustment and major uncertainties related to continuous operation for Yiyang Xintong.
According to item 9.8.1 (VI) of the Listing Rules of Shanghai Stock Exchange (revised in January 2022): "the lower of the net profit before and after deducting non recurring profits and losses in the last three consecutive fiscal years is negative, and the audit report of the financial accounting report of the latest fiscal year shows that there is uncertainty in the company's ability to continue operation", Shanghai Stock Exchange will implement other risk warnings. Through the investigation of other risk warning situations in the stock listing rules of Shanghai Stock Exchange (revised in January 2022), the company's shares [meet the requirements of items (I) and (V) of 9.8.1 of the stock listing rules of Shanghai Stock Exchange (revised in January 2022)], It also meets the situation of other risk warnings for stocks specified in article 9.8.1 (VI) of the stock listing rules of Shanghai Stock Exchange (revised in January 2022).
3、 Description of main measures taken by the board of directors to try to revoke other risk warnings
The board of directors and the management actively take the following measures for matters related to the company's implementation of other risk warnings:
1. The freezing of the company's main bank accounts is due to the pending conclusion of the litigation matters caused by the suspected illegal guarantee. Among the pending lawsuits of the company, huiqiantu (Xiamen) Asset Management Co., Ltd. v. the company and Deng Wei guarantee contract dispute, Huarong International Trust Co., Ltd. v. Yiyang group, Deng Wei and company loan contract dispute, Heilongjiang Branch of China Huarong Asset Management Co., Ltd. v. Yiyang group, Deng Wei and company loan contract dispute, and Bank of Communications International Trust Co., Ltd. v. Yiyang group The creditor's rights related to the dispute over the company and Deng Wei's financial loan contract have been paid off in the form of cash + debt to equity swap during the bankruptcy and reorganization of Yiyang group. The company is actively responding to the lawsuit and striving to close the case as soon as possible.
The details of the dispute case of Lecheng enterprise management consulting (Shanghai) Co., Ltd. v. Shanghai Shenheng Trading Co., Ltd. and private lending of the company are as follows: the reorganization plan of Yiyang group has been ruled and implemented by Harbin intermediate people's court, in which Yiyang Group retains the rights and interests of the declared unconfirmed creditor's rights (creditor: Lecheng company) in the deposit and reservation part, involving a total principal of 100 million yuan, Yiyang Group paid off according to law. The company is actively responding to the lawsuit and striving to close the case as soon as possible.
2. The outstanding balance of the suspected illegal guarantee involved 2.691 billion yuan of principal and interest, of which 2.167 billion yuan was not guaranteed or paid off by the company (including the principal of the guarantee amount still in litigation of 1.355 billion yuan), and the principal of the guarantee amount of 100 million yuan was paid off by Yiyang group in accordance with the reorganization plan after the creditor's rights were confirmed. The balance that the company still needs to undertake the responsibility of guarantee or repayment and intends to be deducted is 246842300 yuan (the relevant interest is calculated to December 25, 2020, and the final deduction shall be subject to the actual deduction). The performance guarantee issued by Yiyang group through Fuxin bank is still used as the bank credit guarantee, and the company will no longer occupy new funds due to illegal guarantee. The company's controlling shareholders' non recurring capital occupation and suspected illegal guarantee matters have been properly solved.
3. In view of the major uncertainties related to sustainable operation pointed out in the company's 2021 annual audit report, the company has communicated closely with Yiyang group to strive to solve the problems of capital occupation and illegal guarantee as soon as possible. At the same time, the business risks are resolved through multiple measures. In 2022, the company will consolidate and expand the development of traditional business based on the field of traditional telecom operators. In terms of communication business, make use of the long-established brand advantages, management advantages and technical advantages to face the fierce market competition, survive by management, effectively reduce the production and operation cost by means of linking budget cost control and performance appraisal, actively adjust the organizational structure according to the market situation, try our best to reduce the impact of external environment and ensure the realization of production and operation objectives.
At the same time, based on the existing technical advantages and the lightweight transformation of core products, a series of digital intelligence solutions will be formed, the business chain will be extended, and the rapid expansion in non telecommunications fields such as energy grid, government education, rail transit and industrial Internet will be realized. 4、 Tips on continuing to implement other risk warnings
Since April 29, 2022, the company's stock will continue to implement "other risk warning", the stock abbreviation is still "St Xintong", the stock code is still Bright Oceans Inter-Telecom Corporation(600289) , and the daily rise and fall limit of stock price is still 5%.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information released by the company is subject to the company's announcement. Please pay attention to and pay attention to the investment risk.
It is hereby announced.
Bright Oceans Inter-Telecom Corporation(600289) board of directors April 29, 2022
