Shenzhen Capstone Industrial Co.Ltd(000038) : Announcement on freezing of bank accounts

Securities code: Shenzhen Capstone Industrial Co.Ltd(000038) securities abbreviation: Shenzhen Capstone Industrial Co.Ltd(000038) Announcement No.: 2022029

Shenzhen Capstone Industrial Co.Ltd(000038)

Announcement on the freezing of bank accounts

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.

1、 Basic information of bank account being frozen

Recently, Shenzhen Capstone Industrial Co.Ltd(000038) (hereinafter referred to as “the company”) learned that the bank account of the company was frozen by the judiciary, involving the bank account of China Zheshang Bank Co.Ltd(601916) Lanzhou East sub branch, involving a total amount of RMB 815991 million. It is understood that the account freeze involves the balance supplement provided by the company for Hangzhou Tongrui investment partnership (limited partnership). Hualong Securities Co., Ltd. filed an arbitration application and requested the ruling company to pay the equity purchase price of 416 million yuan to Hualong securities. But so far, the company has not received relevant judicial documents. 2、 Relevant countermeasures of the company

The company is now in contact with relevant institutions and will actively take various measures, including civil response and arbitration, to safeguard the legitimate rights and interests of the company.

3、 Impact on the company and risk tips

The bank account frozen this time is the fund-raising account of the company’s headquarters. The company’s main business and main collection and payment accounts are located in each subsidiary. There is no case that the company’s main bank account is frozen. The freezing of the bank account this time has not had a serious impact on the company’s capital turnover and daily production and operation activities, Nor does it touch on the situation that Shenzhen Stock Exchange implements other risk warnings for the company’s stock trading as stipulated in article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange.

The company will continue to pay close attention to the progress of the above matters and fulfill the obligation of information disclosure in time. Please pay attention to the investment risks.

It is hereby announced.

Shenzhen Capstone Industrial Co.Ltd(000038) board of directors April 29, 2022

- Advertisment -