Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) : Announcement on the risk of suspension and possible delisting of the company’s shares

Securities code: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) securities abbreviation: Dynavolt Renewable Energy Technology (Henan) Co.Ltd(002684) Announcement No.: 2022039 Mengshi new energy technology (Henan) Co., Ltd

Announcement on the risk warning of the suspension and possible termination of the listing of the company’s shares

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.

Special tips:

1. According to the 2021 annual report of Lion New Energy Technology (Henan) Co., Ltd. (hereinafter referred to as “the company” or “lion technology”) and the 2021 annual audit report issued by China Audit Asia Pacific Certified Public Accountants (special general partnership), the company’s 2021 financial and accounting report was issued with an audit report of “unable to express an opinion”. If the company’s shares touch the termination of listing in Item (III) of article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), the listing of the company’s shares may be terminated.

2. The trading of the company’s shares has been suspended since the opening of the market on May 5, 2022.

1、 Termination of listing of the company’s shares

The net assets attributable to the shareholders of the listed company at the end of the audited period of 2020 are negative. According to the relevant provisions of article 14.3.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), Shenzhen Stock Exchange will implement the “delisting risk warning” treatment for the company’s stock trading from April 30, 2021; The net profit of the company before and after deducting non recurring profits and losses in the last three years, whichever is lower, is negative, and the 2020 audit report shows that there is uncertainty in the company’s sustainable operation ability. According to the relevant provisions of article 13.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2020), Shenzhen Stock Exchange will implement “other risk warning” for the company’s stock trading from April 30, 2021.

According to the company’s 2021 annual report and the 2021 annual audit report issued by China Audit Asia Pacific Certified Public Accountants (special general partnership), the company’s 2021 financial accounting report was issued with an audit report of “unable to express opinions”. If the company’s shares touch the termination of listing in Item (III) of article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), the listing of the company’s shares may be terminated.

2、 Disclosure of previous risk warning announcements of termination of listing

On January 7, 2022, February 16, 2022 and April 15, 2022, the company disclosed the suggestive announcement on the risk of delisting the company’s shares (Announcement No.: 2022003), the second suggestive announcement on the risk of delisting the company’s shares (Announcement No.: 2022014), and The third suggestive announcement on the risk of terminating the listing of the company’s shares (Announcement No.: 2022031) provides relevant risk reminders for the possible termination of the listing of the company.

3、 Decision on suspension and subsequent delisting of the company’s shares

According to article 9.3.12 of the Listing Rules of Shenzhen Stock Exchange (revised 2022), the trading of the company’s shares will be suspended from May 5, 2022.

According to the provisions of articles 9.3.13 and 9.3.14 of the Listing Rules of Shenzhen Stock Exchange (revised 2022), Shenzhen Stock Exchange shall issue a prior notice to the company of the intention to terminate the listing of the company’s shares within five trading days from the date of suspension of the company’s shares. After receiving the notice of termination of listing, the company may apply for a hearing, make statements and defend in accordance with the provisions. The Shenzhen Stock Exchange shall be deliberated by the Listing Committee on whether to terminate the listing of the company’s shares, and make a decision on whether to terminate the listing of the company’s shares according to the examination opinions of the listing committee.

4、 Tips for the resumption of trading of the company’s shares and entering the delisting consolidation period

If the company’s shares are decided to terminate the listing by Shenzhen Stock Exchange, according to the provisions of articles 9.6.1, 9.6.2 and 9.6.10 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the trading will resume on the next trading day after five trading days from the date when Shenzhen Stock Exchange announces the decision to terminate the listing of the company’s shares and enter the delisting and consolidation period. During the delisting consolidation period, the company’s securities code remains unchanged, and the stock abbreviation is preceded by the delisting logo. The delisting consolidation stock enters the risk warning board trading. The trading period of delisting consolidation period is 15 trading days. During the delisting consolidation period, the trading of the company’s shares will not be suspended in principle. If the company applies to Shenzhen stock exchange for a full day suspension for special reasons, the suspension period shall not be included in the delisting consolidation period, and the cumulative number of days of suspension shall not exceed five trading days. The company’s shares shall be delisted on the trading day following the expiration of the delisting consolidation period, and the listing of the company’s shares shall be terminated.

5、 Main ways for the company to accept investor consultation

1. Tel: 075486989573

2. Contact Fax: 075486989554

3. Email: [email protected].

4. Contact address: No. A1601, comprehensive business building, Lion International Plaza, No. 33, Guangyi Road, National Highway 324, Chenghai District, Shantou City, Guangdong Province

6、 Other relevant instructions

1. The company will spare no effort to maintain the daily production, operation and management, continue to win the support of all parties, and actively do a good job in the communication and coordination among employees, creditors and investors, so as to promote the company to recover and enhance the ability of sustainable operation as soon as possible.

2. The information disclosure media designated by the company are securities times, China Securities News and cninfo (www.cn. Info. Com. CN), All information publicly disclosed by the company shall be subject to the announcement published in the above designated media. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Board of directors of Mengshi new energy technology (Henan) Co., Ltd

April 29, 2002

- Advertisment -