Securities code: Guangdong Bobaolon Co.Ltd(002776) securities abbreviation: St Bailong Announcement No.: 2022019 Guangdong Bobaolon Co.Ltd(002776)
Announcement on the progress of stock suspension and risk warning of the company
Guangdong Bobaolon Co.Ltd(002776) (hereinafter referred to as “the company”) is unable to disclose the annual report of 2021 within the statutory time limit. According to Article 8.3 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), the trading of the company’s shares will be suspended from the opening of the market on May 5, 2022. For details, please refer to the suggestive announcement on suspension of stock trading and failure to disclose the risk warning of regularly reported stocks within the legal period (Announcement No.: 2022016).
1、 Description of relevant progress
1. Up to now, the company has not completed the by election of directors. At present, the number of members of the company’s board of directors is lower than the minimum quorum, and the company’s board of directors cannot normally hold a meeting and form a resolution. According to article 5.2.4 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), “the contents of the company’s periodic report shall be reviewed and approved by the board of directors, and the periodic report without the review and approval of the board of directors shall not be disclosed.”.
2. Up to now, the adjustment of the company’s previous accounting report involved in the decision on administrative punishment ([2022] No. 18) issued by the CSRC has not been completed.
2、 Major risk tips
1. According to article 9.4.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), “if a listed company has one of the following circumstances, the bourse shall implement delisting risk warning for its stock trading: (I) it fails to disclose the annual report or semi annual report within the statutory time limit, and it has not been disclosed within two months of the suspension of trading of the company’s shares;” And article 9.4.5 “listed companies appear in article 9.4.1 (I) of these rules” In case of any of the above circumstances, the company shall disclose the risk warning announcement of delisting of the company’s stock trading before the opening of the trading day next to the expiration of two months of suspension of trading of its shares. The trading of the company’s shares will continue to be suspended for one trading day after the announcement. From the date of resumption of trading, the exchange will implement delisting risk warning for the company’s stock trading. If the company discloses the annual report and semi annual report that more than half of the directors guarantee to be true, accurate and complete within two months after the suspension of stock trading, the trading of the company’s shares shall be resumed after the announcement. ” If the trading of the company’s shares has not been suspended within two months after the disclosure of the notice, the company will implement the risk warning within two months after the expiration of the year 2021. If the company discloses the true, accurate and complete annual report and semi annual report guaranteed by more than half of the directors within two months after the suspension of stock trading, the trading of the company’s shares will be resumed after the announcement.
2. According to article 9.4.17 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), “in case of any of the following circumstances, the exchange decides to terminate the listing and trading of its shares: (I) within two months from the date when the delisting risk warning is implemented for its stock trading due to item (I) of article 9.4.1, the relevant annual report or semi annual report guaranteed by more than half of the directors is not disclosed”, If the company still fails to disclose the 2021 annual report within 2 months after being warned of delisting risk, the listing of the company’s shares may be terminated.
The company will fully promote the preparation of regular reports and disclose the annual report of 2021 and the report of the first quarter of 2022 as soon as possible. The company apologized to the majority of investors for the inconvenience caused by the failure to disclose the periodic report in time.
The information disclosure media designated by the company are securities times, China Securities News, Securities Daily, Shanghai Securities News and http://www.cn.info.com.cn, All information of the company is subject to the information disclosed by the above designated media. Please pay attention to the investment risks.
It is hereby announced.
Guangdong Bobaolon Co.Ltd(002776) May 18, 2022
