Securities code: 601007 securities abbreviation: Jinling Hotel Corporation Ltd(601007) Announcement No.: Lin 2022-001
Jinling Hotel Corporation Ltd(601007)
Stock trading abnormal fluctuation announcement
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. Important content tips:
The deviation of the closing price of the company’s shares from the value has exceeded 20% for three consecutive trading days.
The company is concerned about the recent hot spots in the capital market, involving concepts such as prefabricated dishes. According to the company’s self inspection, Jiangsu Jinling Food Technology Co., Ltd., the holding subsidiary of the company, is an enterprise mainly engaged in the R & D, operation and sales of Jinling food. The company carries out R & D and transformation based on Jinling catering special pastries and dishes, adopts the production mode of prefabricated dishes, and creates special pastries and prefabricated dishes for mass consumption, business festivals and semi-finished products of hotel catering. The company’s operating revenue in the first three quarters of 2021 accounted for less than 5% of the company’s operating revenue, which is still in its infancy.
1、 Details of abnormal fluctuations in stock trading
The deviation of the closing price increase of the company’s shares for three consecutive trading days on January 11, January 12 and January 13, 2022 is more than 20%, which constitutes an abnormal fluctuation of stock trading in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange.
2、 Relevant situations concerned and verified by the company
(I) production and operation
The business scope of the company has not changed significantly, with hotel operation and management as the core business, covering diversified collaborative businesses such as hotel material trade, property management, house leasing, food R & D and sales. Since 2020, covid-19 epidemic has had an adverse impact on the company’s main business, especially on the profitability of self operated hotels.
As of the disclosure date of this announcement, the internal production and operation order of the company is normal, the market environment and industrial policies have not been significantly adjusted, and there is no major information that should be disclosed but not disclosed.
(II) major events
According to the company’s self-examination and verification by written letter to the company’s controlling shareholder Nanjing Jinling Hotel Corporation Ltd(601007) Group Co., Ltd., as of the disclosure date of this announcement, the company’s controlling shareholder and actual controller have no major events affecting the abnormal fluctuation of the company’s stock trading price, and there are no other major information that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition Major issues such as debt restructuring, business restructuring, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, etc.
(III) media reports, market rumors and hot concepts
The company is concerned about the recent hot spots in the capital market, involving concepts such as prefabricated dishes. According to the company’s self inspection, Jiangsu Jinling Food Technology Co., Ltd., the holding subsidiary of the company, is an enterprise mainly engaged in the R & D, operation and sales of Jinling food. The company carries out R & D and transformation based on Jinling catering special pastries and dishes, adopts the production mode of prefabricated dishes, and creates special pastries and prefabricated dishes for mass consumption, business festivals and semi-finished products of hotel catering. The company’s operating revenue in the first three quarters of 2021 accounted for less than 5% of the company’s operating revenue, which is still in its infancy.
The market potential of prefabricated vegetables is large, but the overall concentration of the industry is low and the industry competition is fierce. Affected by covid-19 epidemic prevention and control, regional market conditions, the company’s industrial chain integration ability and other factors, there are still some uncertainties in the R & D and sales of the company’s Prefabricated vegetable products. The company reminds investors to pay attention to investment risks, make rational decisions and invest prudently.
In addition to the above matters, the company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently; There are no other major events that may have a great impact on the company’s share price.
(IV) other stock price sensitive information
After verification by the company, the controlling shareholders, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading, and no other major events that may have a great impact on the company’s stock price were found.
3、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that the company has no matters that should be disclosed but not disclosed in accordance with the Listing Rules of Shanghai Stock Exchange and other relevant provisions, or planning, negotiation, intention and agreement related to such matters, and the board of directors has not received any information that should be disclosed but not disclosed and may have a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.
4、 Risk tips
All information of the company is disclosed in the designated information disclosure media Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN) The announcement published shall prevail. Please invest carefully and pay attention to risks. It is hereby announced.
Jinling Hotel Corporation Ltd(601007) board of directors
January 14, 2022
