Securities code: Hubei Wuchangyu Co.Ltd(600275) securities abbreviation: ST Changyu Announcement No.: 2022038 Hubei Wuchangyu Co.Ltd(600275)
Announcement on receiving the “prior notice” of Shanghai Stock Exchange and the risk warning of possible termination of listing
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.
Hubei Wuchangyu Co.Ltd(600275) (hereinafter referred to as “the company”) received the advance notice on the proposed termination of the listing of Hubei Wuchangyu Co.Ltd(600275) shares (SSE official letter [2022] 0315, hereinafter referred to as “the advance notice”) from the management department of listed companies of Shanghai Stock Exchange on April 29, 2022. The specific contents of the advance notice and the risk warning that the company’s shares may be terminated are hereby announced as follows:
1、 Specific contents of advance notice
On the evening of April 29, 2022, your company disclosed that the annual report of 2021 showed that the audited net profit of the company in 2021 was negative and the operating income after deduction was less than 100 million yuan. According to article 9.3.11 of the stock listing rules of the exchange, your company’s shares have reached the conditions for termination of listing.
The exchange will decide to terminate the listing of your company’s shares in accordance with article 9.3.14 of the stock listing rules.
If your company applies for a hearing, it shall submit a written hearing application specifying the matters to be heard and the reasons for its defense to the ministry within 5 trading days after receiving this notice.
2、 Risk warning that the company’s shares may be delisted
After receiving the prior notice of termination of listing, the company may apply for a hearing, make statements and defend in accordance with the provisions. The Listing Committee of the Shanghai Stock Exchange shall consider 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.
If the Shanghai stock exchange decides to terminate the listing of the company’s shares, according to the relevant provisions of the stock listing rules of Shanghai Stock Exchange (revised in 2022), the trading will be resumed on the next trading day after five trading days from the date when the Shanghai Stock Exchange announces the decision to terminate the listing of the company’s shares, and the trading will 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 the Shanghai 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.
According to the Listing Rules of Shanghai Stock Exchange, the company will do relevant work in time after the listing of shares is terminated to ensure that the company’s shares can be listed and transferred in the National SME share transfer system within 45 trading days from the date of delisting.
The company will continue to pay attention to the progress of the above matters and fulfill the obligation of information disclosure in time. The company solemnly reminds investors that the information disclosure media designated by the company is the website of Shanghai Stock Exchange (www.sse. Com. CN) And China Securities Journal, all information of the company is subject to the announcement published in the above media. Please pay attention to the follow-up announcement of the company and pay attention to the investment risk.
It is hereby announced.
Hubei Wuchangyu Co.Ltd(600275) board of directors April 29, 2002
