Securities code: Cedar Development Co.Ltd(002485) securities abbreviation: ST Xuefa Announcement No.: 2022052 Cedar Development Co.Ltd(002485)
Announcement of abnormal fluctuations in stock trading
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.
1、 Introduction to abnormal fluctuations in stock trading
Cedar Development Co.Ltd(002485) (hereinafter referred to as “the company” or ” Cedar Development Co.Ltd(002485) “) stock (Stock Code: Cedar Development Co.Ltd(002485) , stock abbreviation: ST Xuefa) has a cumulative deviation of more than 12% from the daily closing price increase for three consecutive trading days (May 17, May 18 and May 19, 2022). According to the relevant provisions of the trading rules of Shenzhen Stock Exchange, it is an abnormal fluctuation in stock trading.
2、 Description of attention and verification of important issues
In view of the abnormal fluctuation of the company’s shares, the company checked the relevant matters. After verification, the company has no other abnormalities except the following major matters. Now the major matters and the verification results are explained as follows:
1. On May 10, 2022, the company received the notification letter on increasing Cedar Development Co.Ltd(002485) shares and Cedar Development Co.Ltd(002485) simplified equity change report submitted by the shareholder Mr. Meng Xue (hereinafter referred to as the “information disclosure obligor”), and learned that from December 15, 2019 to May 10, 2022, the information disclosure obligor and its acting in concert, Ms. Liu Ping Ms. Xiong Chengying (hereinafter referred to as the “person acting in concert”) has accumulated 27192215 Cedar Development Co.Ltd(002485) shares with her own funds through the securities trading system of Shenzhen Stock Exchange, accounting for 5.00% of Cedar Development Co.Ltd(002485) total share capital.
On May 18, 2022, the company received a notice from Mr. Meng Xue, a shareholder holding more than 5% of the shares, and learned that from May 12, 2022 to May 18, 2022, the information disclosure obligors and their persons acting in concert accumulated 5455406 shares of Cedar Development Co.Ltd(002485) shares through the securities trading system of Shenzhen stock exchange with their own funds, accounting for 1.00% of the total share capital of Cedar Development Co.Ltd(002485) shares.
For details, please refer to the company’s website www.cn on May 11 and May 19, 2022 info. com. cn. And the suggestive announcement on the change of shareholders’ equity (Announcement No.: 2022048) and the announcement on the increase of shares by shareholders holding more than 5% to 1% (Announcement No.: 2022051) disclosed in China Securities News, Shanghai Securities News, securities daily and securities times.
2. As of the disclosure date of this announcement, the information disclosed by the company in the early stage does not have anything else to be corrected or supplemented.
3. At present, there is no unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media in the near future.
4. Recently, the company’s operation is normal, and the internal and external business environment has not changed significantly.
5. As of the disclosure date of this announcement, the company, its controlling shareholders and actual controllers have no other major matters that should be disclosed but have not been disclosed about the company, and there are no major matters in the planning stage.
6. During the abnormal fluctuation of the company’s stock trading, the controlling shareholder and actual controller of the company did not buy or sell the company’s shares.
3、 Whether there is a description of the information that should be disclosed but not disclosed
The board of directors of the company confirms that, in addition to the above matters, the company has no other matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange or the planning, negotiation, intention and agreement related to the matter; The board of directors has not been informed that the company has other information that should be disclosed but not disclosed according to relevant provisions such as the Listing Rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not have other things that need to be corrected and supplemented. 4、 Risk tips
1. Through self-examination, the company does not violate the fair disclosure of information.
2. According to item (I) of the first paragraph of article 9.3.1 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), if the listed company has “the audited net profit of the latest fiscal year is negative and the operating income is less than 100 million yuan, or the net profit of the latest fiscal year is negative and the operating income is less than 100 million yuan after retroactive restatement”, its stock trading will be subject to delisting risk warning. (the abbreviation of stock is preceded by ” ST”; the above net profit is subject to the lower one before and after deducting non recurring profits and losses, and the operating income shall deduct the business income irrelevant to the main business and the income without commercial substance).
Audited by Zhongxi Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the company in 2021 was negative and the operating income was less than 100 million yuan. The trading of the company’s shares was suspended for one day on May 5, 2022. Since the resumption of trading on May 6, 2022, the company’s stock trading was implemented with “delisting risk warning”, and the abbreviation of the company’s shares was changed from ” Cedar Development Co.Ltd(002485) ” to ” st Xuefa”.
For details, please refer to the company’s website www.cn on April 30, 2022 info. com. cn. And the announcement on delisting risk warning and suspension and resumption of trading of the company’s shares (Announcement No.: 2022046) disclosed in China Securities News, Shanghai Securities News, securities daily and securities times.
3. On October 12, 2021, the company received the notice of filing a case (No.: Zheng Jian Li Jian Zi No. 0382021042) from the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”). Xinur men’s wear Co., Ltd. is suspected of illegal information disclosure. According to the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations, the CSRC decided to file a case against the company. For details, please refer to the company’s website www.cn on October 13, November 15, December 13, 2021, January 13, February 11, March 11, April 13 and may 13, 2022 info. com. cn. And the announcement on receiving the notice of filing a case by the CSRC (Announcement No.: 2021049) and the announcement on the progress of filing an investigation and risk warning (Announcement No.: 2021052, 058, 2022006, 016, 025, 032 and 050) disclosed in China Securities Journal, Shanghai Securities News, securities daily and securities times.
4. The company disclosed the 2021 annual report on April 30, 2022. Zhongxi Certified Public Accountants (special general partnership) hired by the company audited the company’s 2021 annual financial report and issued an audit report with qualified opinions to strengthen the adjustment period.
5. The information disclosure media designated by the company is www.cninfo.com info. com. cn. Please pay attention to the information disclosed in the securities times and the securities company’s notice, and all the information disclosed in the securities investment times and the securities company’s notice. It is hereby announced.
Cedar Development Co.Ltd(002485) board of directors
May 20, 2022
