Wuxi Hodgen Technology Co.Ltd(300279) board of directors
Explanation on the fluctuation of the company’s stock price not meeting the standard of paragraph (VII) of Article 13 of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 8 – major asset reorganization
Wuxi Hodgen Technology Co.Ltd(300279) (hereinafter referred to as “listed company” or ” Wuxi Hodgen Technology Co.Ltd(300279) “) plans to purchase 31.08% of the total minority shareholders’ equity of Wuxi Hejing Intelligent Technology Co., Ltd. held by Anhui high tech investment new materials industry fund partnership (limited partnership), Huaibei growth small and medium-sized enterprise fund Co., Ltd. and Huaibei Shanda Construction Investment Co., Ltd, It plans to raise matching funds from no more than 35 investors by issuing shares to specific objects (hereinafter referred to as “this transaction”).
According to item (VII) of Article 13 of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 8 – major asset restructuring, excluding the influence of market factors and industry sector factors, the company’s share price has increased or decreased by more than 20% within 20 trading days before the suspension of restructuring or the first disclosure of restructuring plan, and full risk warning shall be given.
The listed company applied to Shenzhen stock exchange for suspension from the opening of the market on March 30, 2022 due to the planning of this transaction. March 29, 2022 is the first trading day before the suspension, and March 1, 2022 is the 21st trading day before the suspension. Within 20 trading days before the suspension (i.e. from March 1, 2022 to March 29, 2022), Wuxi Hodgen Technology Co.Ltd(300279) ( Wuxi Hodgen Technology Co.Ltd(300279) . SZ), gem index (399006. Sz) and CSRC electrical machinery and equipment manufacturing industry index (883135. WI) are shown in the table below:
Stock price / index of the project company (March 1, 2022) (March 29, 2022)
Closing price of the company’s shares 7.05 7.11 0.85%
(yuan)
Gem index 288579259267 – 10.16% (399006. SZ) CSRC electrical machinery and
Equipment manufacturing industry index 1043148906207 – 13.13% (883135. WI)
Excluding the influence of market factors, 11.01%
Fluctuation range
Excluding the same industry sector, 13.98%
Factors affect the rise and fall
The cumulative rise and fall of the company’s stock price in the range of 20 trading days before the suspension of this transaction is 0.85%, not more than 20%; Excluding the influence of market factors (refer to the gem index) and industry sector factors (refer to the electrical machinery and equipment manufacturing industry index of the CSRC), the cumulative rise and fall of the company’s share price in the 20 trading days before the suspension of this transaction were 11.01% and 13.98% respectively, none of which exceeded 20%.
To sum up, the stock price fluctuation of the company before the suspension did not meet the relevant standards of paragraph (VII) of Article 13 of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 8 – major asset restructuring.
It is hereby explained.
Wuxi Hodgen Technology Co.Ltd(300279) board of directors
May 18, 2022
