Shanghai Stock Exchange
Szgh [2022] No. 0317
Regulatory work letter on matters related to the termination of listing of ST Jitang shares
Xin Jiang Ready Health Industry Co.Ltd(600090) ：
As of April 30, 2022, your company has not disclosed the audited annual report of 2021 within the statutory time limit. If the company’s shares touch the situation of delisting specified in article 9.3.11 of the stock listing rules of the exchange, they shall be delisted. The company’s annual audit accountant, Shenzhen Lianchuang Lixin Certified Public Accountants (hereinafter referred to as Lianchuang Lixin), issued a statement on the audit situation in 2021, saying that the company and Lianchuang Lixin signed the audit engagement letter on April 5, 2022. In view of the short interval between the signing time and the statutory report, combined with the audit process and workload of ST Jitang’s annual report, the annual audit accountant could not complete the audit procedures before April 30, 2022.
Within 15 days after the review committee of the listed company makes a decision on the termination of the listing according to Article 11.9. In accordance with article 13.1.1 of the stock listing rules of the exchange, the relevant requirements are as follows:
1、 According to the statement of the annual audit accountant on the company’s audit in 2021, the company did not sign the audit engagement letter with the accountant until April 5. The lack of audit time was the reason why the annual audit accountant was unable to complete the audit procedures on schedule. Therefore, the company’s annual report failed to disclose the actual situation of the annual report on schedule and did a good job in the work related to the termination of stock listing. 2、 In the early stage, the trading of the company’s shares has been suspended due to the possible major illegal compulsory delisting. This time, the company also touched the financial compulsory delisting. According to article 9.1.16 and other provisions of the stock listing rules, if a listed company has more than two circumstances of termination of listing, the exchange shall terminate the listing of its shares in accordance with the principle of first touch, first application. The bourse has issued a prior notice of financial delisting, asking the company to fully remind the risks and do a good job in the work related to the termination of stock listing.
3、 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.
4、 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.
5、 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.
6、 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.
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
Annex: Notes on the audit of 6 Xinyangfeng Agricultural Technology Co.Ltd(000902) 021
Xin Jiang Ready Health Industry Co.Ltd(600090) ：
On April 5, 2022, your company signed an audit engagement letter for 2021 with our firm and hired us to audit your company’s 2021 financial report. Due to the short interval between the signing time and the legal report date, combined with the annual report audit process and workload of listed companies, we cannot complete the audit procedures before April 30, 2022. Based on this situation, the business agreement signed by both parties stipulates that the time when we issue your 2021 annual audit report is before June 25, 2022. In order not to mislead investors and regulatory authorities, we wrote to your company on April 8, 2022 and copied it to Shanghai Stock Exchange. Due to the travel restrictions of China’s epidemic and the short audit time, we cannot complete all the audit work and issue the audit report before April 30, 2022. If we continue to hire us, the company will be directly delisted due to the failure to announce the annual report on time, It is suggested that your company hire another accounting firm. If you continue to employ the exchange, you should inform the investors and regulatory authorities that the exchange cannot complete all the audit work and issue the audit report before April 30, 2022, so as to avoid misleading investors.
After receiving our letter, your company did not select another accounting firm, and held the first extraordinary general meeting of shareholders in 2022 on April 22, 2022, passed the resolution on changing the accounting firm, and continued to hire our firm. Both parties continued to perform the business agreement of our audit report before June 25, 2022.
At present, the audit work is in progress. According to the agreement signed by both parties and the current progress of the project team, we cannot complete the audit work and issue the audit report before April 30, 2022. Shenzhen Lianchuang Lixin certified public accountants April 29, 2022
