Securities code: 002776 securities abbreviation: St Bailong Announcement No.: 2022-002 Guangdong Bobaolon Co.Ltd(002776)
Announcement on the controlling shareholder’s receipt of the arbitration award
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.
Guangdong Bobaolon Co.Ltd(002776) (hereinafter referred to as “the company”) received the award (2021) szgz No. 1189 and (2021) szgz No. 1190 issued by Shenzhen International Arbitration Court submitted by Mr. Chen Weixiong and Ms. Chen Nana, the controlling shareholders of the company, on January 12, 2022. Shenzhen International Arbitration Court Ms. Chen Nana has made a final ruling on the dispute over stock pledge business between Ms. Chen Nana and Guosen Securities Co.Ltd(002736) Co., Ltd. (hereinafter referred to as ” Guosen Securities Co.Ltd(002736) “), and the relevant information is hereby announced as follows:
1、 Basic information of the arbitration
(I) main contents of the award ((2021) szgz No. 1189):
Applicant: Guosen Securities Co.Ltd(002736)
Respondent: Chen Weixiong
Ruling matters:
1. The respondent repaid the applicant with the total financial capital of RMB 313050001;
2. The respondent paid the applicant the financing interest from October 1, 2020 to January 28, 2021 totaling RMB 8233643.84;
3. The respondent paid the applicant liquidated damages totaling RMB 30871028.70 as of January 28, 2021;
4. The respondent shall pay the applicant liquidated damages from January 29, 2021 to the date of actual repayment based on RMB 313050001 and at the annual interest rate of 16%;
5. The arbitration fee of this case is RMB 1892356, which shall be borne by the respondent. The applicant has paid the arbitration fee of RMB 1892356 in advance, which will not be refunded as the arbitration fee of this case, and the respondent will directly pay RMB 1892356 to the applicant;
6. The applicant has the right to apply for auction or sale of 89746819 “baibaolong” (securities code: 002776. SZ) shares held by the applicant hostage to the applicant, and give priority to the payment payable under items 1 to 5;
7. Reject the applicant’s other arbitration claims.
The respondent shall fulfill all the obligations determined above within 15 days from the date of making this award. This ruling is final and takes effect from the date of making.
(II) main contents of the award ((2021) szgz No. 1190):
Applicant: Guosen Securities Co.Ltd(002736)
Respondent: Chen Nana
Ruling content:
1. The respondent repaid the applicant with the total financial capital of RMB 316100000;
2. The respondent pays the applicant the financing interest from October 1, 2020 to January 28, 2021, totaling RMB 8313863.01;
3. The respondent paid the applicant liquidated damages totaling RMB 24259882.74 as of January 28, 2021;
4. The respondent shall pay the applicant liquidated damages from January 29, 2021 to the date of actual repayment at the annual interest rate of 16% based on RMB 316100000;
5. The arbitration fee of this case is RMB 1897624, which shall be borne by the respondent. The applicant has paid the arbitration fee of RMB 1897624 in advance, which will not be refunded as the arbitration fee of this case, and the respondent will directly pay RMB 1897624 to the applicant;
6. The applicant has the right to apply for auction or sale of 79343925 “baibaolong” (securities code: 002776. SZ) shares held by the applicant hostage to the applicant, and give priority to the payment payable under items 1 to 5;
7. Reject the applicant’s other arbitration claims.
The respondent shall fulfill all the obligations determined above within 15 days from the date of making this award. This ruling is final and takes effect from the date of making.
2、 Other undisclosed litigation and arbitration matters
At present, the company has no other major litigation and arbitration matters that should be disclosed but not disclosed. If other litigation and arbitration matters are found later, the company will timely perform the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.
3、 Other relevant instructions and risk tips
The controlling shareholders of the company, Mr. Chen Weixiong, Ms. Chen Nana and Guosen Securities Co.Ltd(002736) have reached a preliminary consensus on the debt solution. If the subsequent two parties fail to reach a settlement, the shares held by Mr. Chen Weixiong and Ms. Chen Nana may be applied for auction according to law. The company will continue to pay attention to the progress of relevant matters and fulfill the obligation of information disclosure in a timely manner in strict accordance with relevant regulations.
The information disclosure media designated by the company are China Securities News, Shanghai Securities News, Securities Daily, securities times and http://www.cn.info.com.cn, All information of the company shall be subject to the information disclosed in the above designated media. Please pay attention to the investment risks.
4、 Documents for future reference
The award (2021) szgz No. 1189 and (2021) szgz No. 1190 issued by Shenzhen International Arbitration Court.
It is hereby announced.
Guangdong Bobaolon Co.Ltd(002776) board of directors
January 13, 2022
