Securities code: Zhongchang Big Data Corporation Limited(600242) securities abbreviation: St Zhongchang Announcement No.: pro 2022051
Zhongchang Big Data Corporation Limited(600242)
With regard to the announcement of delisting risk warning and temporary suspension of the company’s shares, the board of directors and all directors of the company (except Mr. Li qunnan, the director) 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 integrity of its contents.
Important content tips:
The trading of the company’s shares will be suspended for one day on May 5, 2022;
The starting date of delisting risk warning: May 6, 2022;
After the delisting risk warning is implemented, the stock is abbreviated as ” ST Zhongchang”, the stock code ” Zhongchang Big Data Corporation Limited(600242) ” remains unchanged, and the daily rise and fall of stock price is limited to 5%;
After the delisting risk warning is implemented, stocks continue to trade on the risk warning board.
1、 The abbreviation of stock type, securities code and the starting date of delisting risk warning
(I) stock types and abbreviations
The abbreviation of A-Shares is changed from “St Zhongchang” to ” ST Zhongchang”;
(II) the stock code is still ” Zhongchang Big Data Corporation Limited(600242) “;
(III) starting date of delisting risk warning: May 6, 2022.
2、 Application of delisting risk warning
The company’s annual financial and accounting report in 2021 was issued by an accounting firm with no opinion. According to the relevant provisions of article 9.3.2 of the stock listing rules of Shanghai Stock Exchange, the company’s shares will be subject to delisting risk warning. 3、 Tips on the implementation of delisting risk warning
According to the relevant provisions of article 9.3.4 of the stock listing rules, 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 from May 6. 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 continue to 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
In order to effectively resolve risks, maintain and promote the sustainable, stable and healthy development of the company, and effectively safeguard the legitimate rights and interests of listed companies and shareholders, especially minority shareholders, the board of directors plans to take the following measures:
(I) limited audit scope
1. For “matters involving operating income, operating costs and letters of confirmation, the nature and recoverability of prepayments receivable, and matters involving goodwill impairment test”:
At the end of September, the new directors of the company shall be appointed as the supervisors of the company, and the new management personnel of the company shall be appointed as the supervisors of the company. However, during the handover process, Mr. Li qunnan dismissed the employees of the subordinate company, and the then supervisor, then employee supervisor and some employees refused to hand over some financial and personnel data. The company has repeatedly supplemented the evidence and materials in the case of director Li qunnan’s alleged misappropriation of funds to cooperate with the investigation of the public security organ.
In addition, the company has also taken a variety of measures, including but not limited to requiring the former management to return relevant materials, directly reconcile with relevant parties such as customers and suppliers, and start legal proceedings to obtain the original transaction materials recognized by both parties, so as to fully implement the relationship between creditor’s rights and debts, obtain its full cooperation with the auditors in the implementation of letters and interview procedures, and actively eliminate relevant restricted matters, According to the obtained credit status of customers and suppliers, we can comprehensively solve the problem of recoverability of large amount of prepayments receivable by signing repayment agreement, applying for property preservation and enforcement, making individual provision for impairment, and writing off the uncollectible amount.
While trying to eliminate the negative impact of past events on the company, the new management of the company actively takes a variety of measures to improve operation, improve operation efficiency, strive to form a strong support for the key indicators of goodwill impairment test in 2022, such as business performance, cash flow and growth rate, and further consolidate the business foundation of goodwill impairment test at the end of 2021, Eliminate the restrictions on the review of goodwill impairment test such as major uncertainty as of the date of audit report.
2. For “Li qunnan, the director of Zhongchang data, is suspected of misappropriating funds and is criminally filed”:
In order to standardize corporate governance, the new management of the company carried out the verification of its subordinate companies at the end of September. In the process of verification, the company found that director Li qunnan was suspected of misappropriating funds and embezzling the interests of the company during his tenure. In order to ensure the interests of the company, the company has collected and mastered relevant evidence materials and reported the case. Chaoyang Branch of Beijing Municipal Public Security Bureau issued the notice of case filing on November 11, 2021. The company is actively providing strong evidence to the public security bureau to promote the settlement of the case as soon as possible. At the same time, the company has successively started legal proceedings against the relevant parties involved to request the return of relevant funds. The company strives to actively recover relevant funds through multiple channels and ways, solve the repayment of funds suspected of embezzlement, and safeguard the interests of the company and minority shareholders.
3. For “transactions between Zhejiang Qianxiang Network Technology Co., Ltd. and Zhongchang data customers”:
The company has requested companies including but not limited to Jixin Shengbo network technology (Beijing) Co., Ltd. to cooperate in reconciliation. At the same time, the company has successively started legal proceedings against the relevant parties involved to request the return of relevant funds. The company strives to actively implement the relationship between creditor’s rights and debts through multiple channels and ways, recover relevant funds, truthfully disclose relevant transactions on the basis of facts, and safeguard the interests of the company and minority shareholders.
4. For “valuation of other non current financial assets”:
Regarding the issue of Yimei Huijin, the company is actively taking legal measures to safeguard the rights and interests of the company. At present, the relevant litigation has been accepted by the court. At the same time, in order to better protect the interests of all shareholders, the company is actively seeking other possible ways to obtain the basic materials of audit and evaluation required for the equity valuation of Yimei Huijin, so as to provide support for further and thorough settlement of Yimei Huijin.
(II) there are significant uncertainties in going concern
In order to ensure the company’s sustainable operation ability, the company will take the following measures according to the current actual situation: (1) actively reach extension and installment repayment agreements with banks and creditors;
(2) Dispose of recovered financial assets and revitalize cash flow;
(3) Actively seek a variety of financing methods;
(4) Vigorously develop business and strengthen operation and management.
5、 During the implementation of delisting risk warning, the contact information of the company for investor consultation is as follows:
(I) contact address: 19 / F, 978 waima Road, Huangpu District, Shanghai
(II) Tel.: 02160715925
(III) fax: 02160715926
(IV) E-mail: [email protected].
It is hereby announced.
Zhongchang Big Data Corporation Limited(600242) board of directors may 5, 2022
