Securities code: Founder Technology Group Co.Ltd(600601) securities abbreviation: St Fangke Announcement No.: pro 2022026 Founder Technology Group Co.Ltd(600601)
Suggestive announcement and suspension announcement on the delisting risk warning of the company's shares
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 starting date of delisting risk warning: May 6, 2022.
Stock abbreviation after delisting risk warning: ST Fangke; Stock Code: Founder Technology Group Co.Ltd(600601) ; The daily rise and fall of stock prices is limited to 5%.
After the delisting risk warning is implemented, the company's shares will be traded on the risk warning board.
The trading of the company's shares will be suspended for one day on May 5, 2022, resumed on May 6, 2022 and implemented delisting risk warning.
1、 Stock type, abbreviation, securities code and the starting date of delisting risk warning
1. Stock type: A shares
2. Stock abbreviation: changed from "St Fangke" to " ST Fangke"
3. Stock Code: Founder Technology Group Co.Ltd(600601)
4. Starting date of delisting risk warning: May 6, 2022
2、 Application of delisting risk warning for the company's shares
Founder Technology Group Co.Ltd(600601) (hereinafter referred to as "the company") the audited net assets attributable to the shareholders of the listed company at the end of 2021 were negative, touching the Listing Rules of Shanghai Stock Exchange
(revised in January 2022) in case of delisting risk warning for the stock specified in article 9.3.2 "(II) the audited ending net assets of the latest fiscal year are negative, or the ending net assets of the latest fiscal year are negative after retroactive restatement", the company's stock will be subject to delisting risk warning (preceded by " ST" in the abbreviation of the company's stock).
The net profit of the company before and after deducting non recurring profits and losses in the last three consecutive fiscal years (2019, 2020 and 2021), whichever is lower, is negative. And the audit report with qualified opinions issued by the accounting firm (special general partnership) at the annual meeting of 2021 shows that there is uncertainty in the company's sustainable operation ability, Touching the situation of implementing other risk warnings on the stock as stipulated in article 9.8.1 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022) "(VI) the lower of the net profit before and after deducting non recurring profits and losses in the last three consecutive fiscal years is negative, and the audit report of the financial accounting report of the latest fiscal year shows that there is uncertainty in the company's ability to continue to operate", The company's shares will be subject to other risk warnings (preceded by "ST" in the abbreviation of the company's shares).
According to article 9.1.4 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), "if the company's shares are subject to delisting risk warning and other risk warnings at the same time, the abbreviation of the company's shares shall be preceded by" ST ", and the abbreviation of the company's shares shall be preceded by" ST ".
3、 Tips on the implementation of delisting risk warning
According to article 9.3.4 of the Listing Rules of Shanghai Stock Exchange (revised in January 2022), the trading of the company's shares will be suspended for one day on May 5, 2022, and the delisting risk warning will be implemented on May 6, 2022. After the delisting risk warning is implemented, the daily rise and fall of the stock price will be limited to 5%. After the delisting risk warning is implemented, the company's shares will be traded on the risk warning board.
4、 Opinions and main measures of the board of directors of the company on striving to revoke the delisting risk warning
1. In 2021, the company completed the renewal or extension of several loans from financial institutions through negotiation with creditors such as financial institutions. In 2022, the company will continue to negotiate debt extension or settlement with creditors such as financial institutions, properly solve all due debts, and effectively ensure the sustainable and stable operation of the company.
2. In 2022, continue to stabilize the main business, improve the operation and management ability, and strive to reduce costs and expenses. The net operating cash flow of the company in 2021, 2020 and 2019 were - 16 million yuan, 650 million yuan and 834 million yuan respectively. The cash flow of the company's main business is stable. Under the condition of stable business, the net operating cash flow of the company in the next 12 months is expected to be positive.
3. The company will continue to optimize and adjust various business segments to ensure the stable operation of PCB business segment, reduce the scale of continuous loss making business, adjust business strategy and improve the core competitiveness and profitability of various businesses of the company.
4. Actively negotiate with financial institutions and shareholders to strive for external financial support. In 2021, through negotiation, the company obtained the support of new loan of 225 million yuan from Peking University Founder Group Co., Ltd. and related parties and loan extension of 620 million yuan. Up to now, the reorganization of Peking University Founder Group Co., Ltd. has entered the implementation stage. With the promotion of the reorganization progress of Peking University Founder Group Co., Ltd., it is expected to have a positive impact on the external environment of the company. The company will continue to explore relief methods, explore financing channels, increase financing efforts, and strive to resolve capital risks as soon as possible. Strive to improve the company's business environment, continuously improve the company's sustainable operation ability, strive to eliminate the delisting risk warning as soon as possible, and earnestly safeguard the interests of the company and all shareholders.
5、 Risk warning that the company's shares may be delisted
In accordance with the provisions of article 11.2.3 of the Shanghai Stock Exchange, the listed company is terminated due to one of the following circumstances after the implementation of the provisions of article 11.2.3 of the Shanghai Stock Exchange:
(I) the audited financial and accounting report of the latest fiscal year disclosed by the company has any of the circumstances specified in items (I) to (III) of paragraph 1 of article 9.3.2, or the financial and accounting report has been issued with a qualified opinion audit report;
(II) the company fails to disclose the annual report of the latest year within the statutory time limit;
(III) the company fails to apply to the bourse for cancellation of delisting risk warning within the time limit specified in paragraph 1 of article 9.3.6;
(IV) more than half of the directors cannot guarantee the authenticity, accuracy and completeness of the annual report of the latest year disclosed by the company, and fail to make corrections within the statutory time limit;
(V) the company's application to revoke the delisting risk warning was not approved by the bourse.
If the company's relevant financial indicators touch the circumstances specified in items (I) and (II) of paragraph 1 of article 9.3.2 due to retroactive restatement or the circumstances specified in Item (IV) of paragraph 1 of article 9.3.2, and the stock is subject to delisting risk warning, the latest accounting year refers to the next accounting year of the accounting year to which the above-mentioned financial indicators belong. Please pay attention to investment risks.
6、 During the implementation of delisting risk warning, the contact information of the company for investor consultation is as follows:
1. Contact person: Investor Relations Management Department of the company
2. Contact address: 3, block C, 26F, new Shanghai International Building, No. 360, Pudong South Road, Pudong New Area, Shanghai. Tel.: 02158400030
4. Fax: 02158408970
5. Email: [email protected].
The information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times and the website of Shanghai Stock Exchange (www.sse. Com. CN), All information of the company is subject to the information published in the above designated media. Please pay attention to the investment risks.
It is hereby announced.
Founder Technology Group Co.Ltd(600601) board of directors may 5, 2022
