Huaxun Fangzhou Co.Ltd(000687) : Announcement on receiving the decision of stock delisting

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022066

Huaxun Fangzhou Co.Ltd(000687)

Announcement on receipt of the decision to terminate the listing of shares

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.

Important content tips:

1. Types of securities whose listing is terminated: RMB ordinary shares; Securities abbreviation: ST Huaxun; Securities code: Huaxun Fangzhou Co.Ltd(000687)

2. The trading start date of delisting consolidation period is May 26, 2022, the delisting consolidation period is 15 trading days, and the final trading date is expected to be June 16, 2022;

3. Stocks are traded on the risk warning board during delisting consolidation;

4. Request investors, securities companies and other market entities to timely settle stock pledge repurchase, agreed repurchase, margin trading, refinancing, Shenzhen Stock connect and other businesses before stock delisting;

5. For the judicial freezing business that will expire after the delisting of the shares to the completion of the initial registration of the delisting sector, it is suggested that the competent authority handle the renewal procedures in advance through the original assistance implementation channel before the delisting of the shares.

Huaxun Fangzhou Co.Ltd(000687) (hereinafter referred to as “the company”) received the decision on terminating the listing of Huaxun Fangzhou Co.Ltd(000687) shares (SZS [2022] No. 482) from Shenzhen Stock Exchange (hereinafter referred to as “the Shenzhen Stock Exchange”) on May 18, 2022. The Shenzhen Stock Exchange decided to terminate the listing of the company’s shares.

1、 Types, abbreviations and codes of securities whose listing is terminated

Type of Securities: RMB ordinary shares

Securities abbreviation: ST Huaxun

Securities code: Huaxun Fangzhou Co.Ltd(000687)

2、 Main contents of the decision to terminate listing

Because the audited net profit of your company in 2020 is negative, the operating income is less than 100 million yuan, and the audited net assets at the end of the period are negative, the annual financial and accounting report in 2020 is issued with an audit report that cannot express opinions, and the delisting risk warning of your company’s stock trading has been implemented since April 30, 2021.

On April 28, 2022, the first annual report after the delisting risk warning was implemented for your company’s Stock Trading (i.e. the annual report of 2021) showed that your company’s audited net profit in 2021 was -719 million yuan, its operating income was 35 million yuan, and its audited net assets at the end of the period were -2.132 billion yuan. An audit report with no opinion was issued in the annual financial and accounting report of 2021. Your company touches the stock listing rules (2022) of the exchange

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022066

The circumstances of termination of listing of Shares specified in items (I), (II) and (III) of article 9.3.11 of the revised version in.

In accordance with article 9.3.14 of the stock listing rules (revised in 2022) of the exchange and the review opinions of the Listing Committee of the exchange, the exchange has decided to terminate the listing of your company’s shares. Your company’s shares will enter the delisting consolidation period from May 26, 2022. On the next trading day after the expiration of the delisting consolidation period, the bourse will delist your company’s shares. Please do a good job in terminating the listing and follow-up work in accordance with the regulations.

If your company is not satisfied with the decision to terminate the listing made by the exchange, it may apply to the exchange for review in writing within 15 trading days from the date of receiving the decision. During the review period, the implementation of the above decision shall not be suspended.

3、 Registration, transfer and management of shares after termination of listing

After the listing of the company’s shares is terminated, it will be transferred to the national small and medium-sized enterprise share transfer system for share transfer. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the company shall hire a share transfer service institution, entrust the institution to provide listing and transfer services for entering the national share transfer system for small and medium-sized enterprises (hereinafter referred to as the “share transfer system”), and authorize it to handle the withdrawal registration of shares in the market registration and settlement system of the stock exchange, Handle share reconfirmation and share registration and settlement in the share transfer system. The board of directors of the company will, in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), timely hire a share transfer service institution to handle the relevant matters after the termination of the listing of shares.

4、 Contact person, contact address, telephone number and other means of communication of the company after termination of listing

1. Tel: 075523101922

2. Contact Fax: 075529663108

3. Email: [email protected].

4. Contact address: 8A 5, zone a, zhongkonaneng building, No. 6, Yuexing 6th Road, South District, science and Technology Park, Nanshan District, Shenzhen

According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), the company’s shares will enter the delisting and consolidation period from the next trading day (i.e. May 26, 2022) after the expiration of five trading days after the announcement of the decision to terminate the listing of the company’s shares by Shenzhen Stock Exchange. During the delisting consolidation period, the company’s shares continued to trade on the risk warning board. For the relevant arrangements for the trading of the company’s shares entering the delisting consolidation period, see the announcement on the trading of the company’s shares entering the delisting consolidation period (2022067) published by the company on the same day.

On the trading day following the expiration of the delisting consolidation period, the Shenzhen Stock Exchange will delist the company’s shares and terminate the listing of the company’s shares.

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022066

6、 Other important matters

Investors, securities companies and other market entities shall be requested to settle the stock pledge repurchase, agreed repurchase, margin trading, refinancing, Shenzhen Stock connect and other businesses in time before the stock delisting;

If the stock is frozen and delisted in advance through the original judicial assistance channel, it will have the right to complete the delisting procedures before the delisting is completed through the original judicial assistance channel.

The information disclosure media designated by the company are Shanghai Securities News and cninfo( http://www.cn.info.com.cn. ), the information about the company is subject to the above designated media. Please pay attention to the investment risks.

It is hereby announced

Huaxun Fangzhou Co.Ltd(000687) board of directors

May 19, 2022

- Advertisment -