Securities code: Guangdong Bobaolon Co.Ltd(002776) securities abbreviation: St Bailong Announcement No.: 2022017
Guangdong Bobaolon Co.Ltd(002776)
Announcement on the superimposed implementation of other risk warnings for the company’s shares
Special tips:
1. Guangdong Bobaolon Co.Ltd(002776) (hereinafter referred to as “the company”) illegally provided 470 million yuan of bank financial products as pledge guarantee for supplier loans, accounting for 19.35% of the company’s latest audited net assets, and failed to properly solve the illegal external guarantee before April 6, 2021, According to “article 9.8.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022)” in case of any of the following circumstances, the bourse shall implement other risk warnings for its stock trading: (II) if the company provides external guarantee in violation of the prescribed procedures and the situation is serious “, the company’s shares shall be implemented other risk warnings from April 8, 2021. 2. Due to the company’s internal control assurance report with negative opinions issued in the latest year, according to the provisions of “article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022),” if a listed company has one of the following circumstances, the exchange will implement other risk warnings for its stock trading: (IV) the company has been issued an internal control audit report or assurance report with no opinions or negative opinions in the latest year “, The company’s shares have been superimposed with other risk warnings since April 30, 2021.
3. On April 19, 2022, due to the resignation of some directors of the company, the number of the board of directors was lower than the quorum. According to the provisions of “9.8.1 in case of any of the following circumstances of a listed company in Shenzhen Stock Exchange (revised in 2022), (III) the board of directors and the general meeting of shareholders of the company could not normally hold a meeting and form a resolution”, The company’s shares will be superimposed with other risk warnings from the opening of the market on May 5, 2022.
3. After the implementation of other risk warnings, the company’s stock abbreviation is still “St Bailong” and the stock code is still ” Guangdong Bobaolon Co.Ltd(002776) “. The stock trading day is limited to 5%.
1、 Type, abbreviation, stock code, starting date of superimposed implementation of other risk warnings and daily rise and fall restrictions of stocks
1. Stock type: RMB common stock a share;
2. Stock abbreviation: “St Bailong”;
3. The stock code is still ” Guangdong Bobaolon Co.Ltd(002776) “;
4. Starting date of superimposed implementation of other risk warnings: May 5, 2022;
5. Starting date of suspension and resumption of trading of the company’s shares: no suspension;
6. After being superimposed with other risk warnings, the daily limit of the company’s shares is still 5%.
2、 Main reasons for superimposing other risk warnings
1. The company illegally provided 470 million yuan of bank financial products as pledge guarantee for supplier loans, accounting for 19.35% of the company’s latest audited net assets, and failed to properly solve the illegal external guarantee before April 6, 2021, According to “article 9.8.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022)” in case of any of the following circumstances, the bourse shall implement other risk warnings for its stock trading: (II) if the company provides external guarantee in violation of the prescribed procedures and the situation is serious “, the company’s shares shall be implemented other risk warnings from April 8, 2021.
2. Due to the company’s internal control assurance report with negative opinions issued in the latest year, according to the provisions of “article 9.8.1 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022),” if a listed company has one of the following circumstances, the exchange will implement other risk warnings for its stock trading: (IV) the company has been issued an internal control audit report or assurance report with no opinions or negative opinions in the latest year “, The company’s shares have been superimposed with other risk warnings since April 30, 2021.
3. On April 19, 2022, due to the resignation of some directors of the company, the number of the board of directors was lower than the quorum. According to the provisions of “9.8.1 in case of any of the following circumstances of a listed company in Shenzhen Stock Exchange (revised in 2022), (III) the board of directors and the general meeting of shareholders of the company could not normally hold a meeting and form a resolution”, The company’s shares will be superimposed with other risk warnings from the opening of the market on May 5, 2022.
3、 Company description
1. As for the company’s illegal use of 470 million yuan of bank financial products to provide pledge guarantee for other parties’ loans, the solutions are as follows:
(1) At present, the company is releasing the guarantee liability through judicial means and recovering the deducted funds from the bank. (2) The company actively urges the guaranteed party to fulfill its repayment obligations.
(3) The actual controller of the company promises to make up for the company’s losses caused by the guarantee with its own assets.
2. According to the company’s basic internal control standards issued in the last year:
(1) The company will strengthen internal audit. Give full play to the supervision function of the company’s internal audit department, strengthen the supervision of the internal audit department on the preparation of the company’s financial statements and the implementation of the internal control system, and timely identify financial risks. At the same time, implement the reporting system of major events, and timely feed back relevant important events and major risks to the board of directors and management, so as to minimize the company’s operating risks.
(2) The company will strengthen relevant training and learning. The company will regularly and irregularly organize all directors, supervisors, senior managers and relevant personnel of various departments to participate in special training related to corporate governance and internal control, and organize the controlling shareholders, directors, supervisors and senior managers of the company to participate in the training of securities laws and regulations and the latest regulatory policies in accordance with the requirements of the regulatory authorities, so as to strengthen the awareness of corporate governance and internal control, Effectively improve the level of corporate governance and standardized operation of the company. Strengthen the professional training and team building of internal auditors and financial personnel, continuously improve the level of basic accounting and the preparation quality of financial reports, improve compliance awareness, and strengthen the risk control responsibilities of key management positions.
(3) The company will strengthen information disclosure management. On the basis of strictly implementing the information disclosure review system, the company will strengthen the review and supervision of information disclosure involving financial data, prudently disclose unaudited financial data on the principle of prudence, timely communicate fully with relevant institutions and regulatory authorities, and strictly abide by the stock listing rules of Shenzhen Stock Exchange Relevant laws, regulations and regulatory requirements, such as the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, effectively protect the majority of investors’ right to know.
3. The solutions for the company’s board of directors below the quorum due to the resignation of some directors are as follows:
The company will complete the by election of new directors as soon as possible in accordance with the company law, the articles of association and other relevant provisions.
4、 Contact information of the company for consultation with investors during the implementation of other risk warnings
During the period when the company’s shares are subject to other risk warnings, the company will receive investor consultation through telephone, e-mail and interactive communication. The contact information is as follows:
1. Tel: 06632769999
2. Email: [email protected].
The company solemnly reminds investors: China Securities News, Securities Daily, securities times, Shanghai Securities News and cninfo (www.cn. Info. Com. CN.) Designated information disclosure media for the company. All information of the company shall be subject to the information published in the above designated disclosure media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Guangdong Bobaolon Co.Ltd(002776)
April 29, 2022
