Shanghai Stock Exchange
Szgh [2022] No. 0320
Matters related to the delisting of ST Xiahua shares
Regulatory work letter
Xiamen Overseas Chinese Electronic Co.Ltd(600870) ：
On the evening of April 29, 2022, your company disclosed the annual report of 2021. According to the special verification opinions on the deduction of operating income in Xiamen Overseas Chinese Electronic Co.Ltd(600870) 2021 (you Zhen zhuanshen Zi [2022] No. 0222, hereinafter referred to as the “special opinions”) issued by the auditor of the company’s annual report, the “amount after deduction of operating income” in the statement of deduction of operating income of the company is 1339456 million yuan, which belongs to “I. business income irrelevant to the main business”, It should be deducted, and the amount of operating income after deduction is zero yuan.
According to the stock listing rules and other rules of the exchange, your company shall deduct relevant operating income in accordance with the above special opinions issued by the annual report audit institution. After deduction, the audited net profit of the company in 2021 is negative, and the operating income after deduction is less than RMB 100 million. If the company’s shares touch the conditions for termination of listing stipulated in article 9.3.11 of the stock listing rules of the exchange, they shall be terminated from listing. The trading of your company’s shares will be suspended from the opening of the market on May 5. The bourse will convene the Listing Committee for deliberation within 15 trading days after the company discloses the annual report, and make the corresponding decision to terminate the listing according to the review opinions of the listing committee. In accordance with article 13.1.1 of the stock listing rules of the exchange, the relevant requirements are as follows:
1、 All directors, supervisors and senior managers of the company shall be diligent and responsible to maintain the normal production and business activities of the company and protect the interests of the company and all shareholders.
2、 Before the company’s shares are delisted by the bourse, the company and all directors, supervisors, senior managers and relevant information disclosure obligors shall continue to abide by relevant laws, administrative regulations, departmental rules, other normative documents, stock listing rules and other documents of the bourse, perform relevant obligations and disclose important information.
3、 The company and all directors, supervisors and senior managers shall timely respond to the concerns of investors and actively do a good job in communication and interpretation.
4、 The company shall, in accordance with article 9.1.15 and other provisions of the stock listing rules, hire the host securities firm as soon as possible to make specific arrangements and information disclosure for the company’s shares to enter the national share transfer system of small and medium-sized enterprises, so as to ensure that the company’s shares can be listed for transfer within 45 trading days from the date of delisting, so as to protect the investors’ right to share transfer.
5、 The company shall deduct the operating income of 2021 in accordance with the requirements of the stock listing rules of the exchange and other relevant rules, as well as the special opinions issued by the audit institution of the annual report, so as to ensure the authenticity, accuracy and integrity of the information disclosure of the annual report.
Please disclose it immediately after receiving this supervision letter. Delisting related work has a significant impact on investors. All directors, supervisors, senior managers, controlling shareholders and actual controllers of your company shall be responsible to investors, diligently and conscientiously implement the requirements of this working letter, and fulfill the obligation of information disclosure as required.
Shanghai Stock Exchange listed company management Department II April 30, 2002
