Huaxun Fangzhou Co.Ltd(000687) : Announcement on the trading of the company's shares in the delisting consolidation period

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022067

Huaxun Fangzhou Co.Ltd(000687)

Announcement on the trading of the company's shares in the delisting consolidation period

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.

Special risk tips:

1. The company's shares shall be delisted on the trading day following the expiration of the delisting consolidation period, and the listing of the company's shares shall be terminated. 2. The trading start date of delisting consolidation period is May 26, 2022, and the final trading date is expected to be June 16, 2022.

3. During the trading period of the company's shares during the delisting consolidation period, the company will not plan or implement major asset restructuring.

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

5. For the judicial freezing business that will expire after the delisting of the stock 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 stock.

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 on May 18, 2022. Shenzhen Stock Exchange decided to terminate the listing of the company's shares. According to the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2022) (hereinafter referred to as the "Stock Listing Rules (revised in 2022)"), the company's shares will enter the delisting and consolidation period from May 26, 2022. The relevant arrangements for the trading of the company's shares during the delisting consolidation period are hereby announced as follows:

1、 Securities code, securities abbreviation and rise and fall restrictions of the company's shares during delisting consolidation

Securities code: Huaxun Fangzhou Co.Ltd(000687)

Securities abbreviation: Huaxun Tui

Price limit: the price limit will not be implemented on the first trading day when the stock enters the delisting consolidation period, and the price limit will be 10% on each trading day thereafter

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 an opinion

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022067

We inform you that your company's stock trading has been subject to delisting risk warning 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 is involved in the situation of termination of listing of Shares specified in items (I), (II) and (III) of article 9.3.11 of the stock listing rules (revised in 2022).

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、 Trading period and expected final trading date of the company's shares during delisting and consolidation period

The company's shares enter the delisting consolidation period. The trading start date is May 26, 2022, and the delisting consolidation period is 15 trading days. The final trading date is expected to be June 16, 2022. If the securities trading date is adjusted, the final trading date of the company's delisting consolidation period will be postponed accordingly. During the delisting consolidation period, if the trading of the company's shares is suspended all day, it shall not be included in the delisting consolidation period. Where a company applies to the Shenzhen stock exchange for a full day suspension of trading for special reasons, the cumulative number of days of suspension shall not exceed five trading days. During the delisting consolidation period, the company's shares will be traded on the risk warning board of Shenzhen Stock Exchange. There is no price limit on the first trading day, and the daily price limit is 10% thereafter. On the trading day following the expiration of the delisting and consolidation period, the Shenzhen Stock Exchange shall delist the company's shares.

4、 Disclosure arrangement of risk warning announcement in delisting consolidation period

The company will issue a risk warning announcement before the opening of the first day of the delisting consolidation period that the company's shares have been terminated; During the delisting consolidation period, the company will issue a risk warning announcement that the listing of shares will be terminated every five trading days in the first ten trading days, and issue a risk warning announcement that the listing of shares will be terminated every five trading days in the last five trading days.

5、 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. root

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022067

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 small and medium-sized enterprise share transfer system (hereinafter referred to as "share transfer system"), and authorize it to handle the share withdrawal registration of 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.

6、 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: No. 8A 7, zone a, zhongkonaneng building, No. 6, Yuexing 6th Road, South District, Science Park, Nanshan District, Shenzhen

According to the relevant provisions of the stock listing rules (revised in 2022), the company will not plan or implement major asset restructuring during the delisting and consolidation period of the company's shares.

8、 Other important matters

Investors, securities companies and other market entities are 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.

Securities code: Huaxun Fangzhou Co.Ltd(000687) securities abbreviation: ST Huaxun Announcement No.: 2022067

It is hereby announced.

Huaxun Fangzhou Co.Ltd(000687) board of directors

May 19, 2022

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