Securities code: 000980 securities abbreviation: * ST Zhongtai Announcement No.: 2022-010 Zotye Automobile Co.Ltd(000980) about revoking the company
Delisting risk warning of stock trading due to reorganization, but still
Announcement of delisting risk warning status
The company and all members of the board of directors guarantee that the contents of this announcement are true, accurate and complete without false records, misleading statements or major omissions.
Important content tips:
● cancel the delisting risk warning of Zotye Automobile Co.Ltd(000980) (hereinafter referred to as “Zhongtai automobile” or “the company”) shares due to restructuring. The delisting risk warning implemented by the company due to the company’s audited net assets in 2020 are negative and the company’s audited 2021 financial report has not been reported, and the company’s financial compulsory delisting situation remains unchanged, Therefore, the company’s shares continue to be subject to delisting risk warning and other risk warnings.
● the delisting risk warning of the company’s shares due to reorganization was cancelled, but the company’s shares are still in the delisting risk warning superimposed with other risk warnings, so the company’s stock abbreviation is still “* ST Zhongtai”, the daily rise and fall limit of the company’s stock trading is still 5%, and the company’s stock code remains unchanged.
1、 Stock type, stock abbreviation, securities code, cancellation of delisting risk warning due to reorganization, but it is still in the state of delisting risk warning superimposed with other risk warnings
1. Stock type: A shares
2. Stock abbreviation: still “* ST Zhongtai”
3. Stock Code: 000980
4. Although the delisting risk warning implemented for the company’s shares due to reorganization is revoked, the delisting risk warning implemented by the company due to the company’s audited net assets in 2020 are negative and the company’s audited 2021 financial report has not been reported, and the company’s financial compulsory delisting situation remains unchanged, Therefore, the company’s shares continue to be subject to delisting risk warning and other risk warnings.
2、 Application of delisting risk warning for cancellation of the company’s shares due to reorganization
1. Delisting risk warning of the company’s shares due to reorganization
On June 9, 2021, because Jinhua intermediate people’s Court (hereinafter referred to as “Jinhua intermediate people’s court”) accepted the company’s reorganization according to law and touched the provisions of item (VII) of article 14.4.1 of the stock listing rules, the company’s shares were superimposed and implemented the special treatment of delisting risk warning on Thursday, June 10, 2021, and the stock abbreviation is still “* ST Zhongtai”, The stock code is still “000980”, and the daily limit for stock trading is still 5%. For details, see the announcement of the company on the court’s decision to accept the company’s reorganization and the delisting risk warning of superimposed shares published on cninfo.com on June 10 (Announcement No.: 2021-085).
2. Application of delisting risk warning for cancellation of the company’s shares due to reorganization
The creditors’ meeting of the company and eight subsidiaries was held at 9:00 a.m. on November 9, 2021. The investor group meeting of the company was held by combining on-site voting and online voting on November 9, 2021. The investor group meeting voted and adopted the investor rights and interests adjustment plan of Zotye Automobile Co.Ltd(000980) draft reorganization plan. For details, please refer to the announcement of the company on the convening of the creditor’s meeting of the company and its subsidiaries (Announcement No.: 2021-157) and the announcement of the resolution of the investor group meeting of the company (Announcement No.: 2021-156) published on cninfo.com on November 10.
The draft reorganization plan of the company and its eight subsidiaries has been approved by each voting group. For details, please refer to the company’s announcement on the convening of creditor meetings of the company and its subsidiaries (Announcement No.: 2021-157) published on cninfo.com Announcement of the company on the voting of the creditors’ meeting of the company and its subsidiaries (Announcement No.: 2021-162) and announcement of the company on the progress of reorganization (Announcement No.: 2021-164).
On November 30, 2021, the company received the (2021) zhe 07 Po No. 13 civil ruling served by Jinhua intermediate people’s court, ruled to approve the company’s reorganization plan and terminate the company’s reorganization procedures. For details, see the announcement of the company on the court’s decision to approve the reorganization plan (Announcement No.: 2021-165) published on cninfo.com on December 1. The company has entered the implementation stage of the reorganization plan.
On December 22, 2021, the company submitted the report on the implementation of Zotye Automobile Co.Ltd(000980) reorganization plan and the report submitted to the people’s court to confirm the completion of the implementation of the reorganization plan to Jinhua intermediate people’s court, saying that Zhongtai automobile has completed the implementation of the reorganization plan. On the same day, the manager of the company submitted the supervision report on the implementation of Zotye Automobile Co.Ltd(000980) reorganization plan to Jinhua intermediate people’s court to confirm that the reorganization plan of Zhongtai automobile has been implemented. On December 28, 2021, the company received the civil ruling of Jinhua intermediate people’s Court ([2021] zhe 07 Po No. 13 BIS). Jinhua intermediate people’s court ruled that the implementation of Zhongtai automobile’s reorganization plan was completed. For details, see the company’s announcement on the completion of the implementation of the company’s reorganization plan (Announcement No.: 2021-187) published on cninfo.com on December 29, 2021.
The company checked the delisting risk warning situation item by item according to the stock listing rules. In view of the completion of the implementation of the company’s reorganization plan, the delisting risk warning situation has been eliminated, the company’s debt risk has been effectively resolved, the company’s asset liability structure has been optimized, and the company’s business situation has been improved. Therefore, the company applied to Shenzhen Stock Exchange to cancel the delisting risk warning of the company’s shares due to reorganization. On January 14, 2022, Shenzhen Stock Exchange agreed to cancel the delisting risk warning of the company’s shares due to reorganization. However, because the audited net assets of the company in 2020 are negative, and the audited financial report of the company in 2021 has not been reported, the delisting risk warning implemented by the company in case of financial compulsory delisting remains unchanged, so the delisting risk warning will continue to be implemented for the company’s shares, superimposed with other risk warnings.
3、 The company is involved in the continued delisting risk warning superimposed with other risk warnings
1. The company disclosed the full text of the company’s 2020 annual report (Announcement No.: 2021-058) on April 29, 2021. The company lost 10.801 billion yuan in 2020 and its net assets at the end of 2020 were -4.423 billion yuan. See securities times, securities daily and cninfo for details（ http://www.cn.info.com.cn. ）。
According to item (II) of article 14.3.1 of the Listing Rules of Shenzhen Stock Exchange (hereinafter referred to as the “Listing Rules”), the audited net assets of the company in 2020 are negative, and the company’s shares continue to be subject to “delisting risk warning”.
2. The company’s production and operation activities are seriously affected and it is expected that they will not return to normal within three months; The company’s main bank account is frozen; The controlling shareholders of the company occupy the company’s funds for non operating purposes; According to the relevant provisions of articles 13.3, 13.4 and 13.5 of the stock listing rules, the company’s shares have been superimposed with other risk warnings since the opening of the market on Tuesday, April 20, 2021. For details, please refer to the announcement of the company on delisting risk warning and superposition of other risk warnings for the company’s stock trading published on cninfo.com on April 20, 2021 (Announcement No.: 2021-054). 3. The company’s internal control audit report with negative opinions issued by ZTE caiguanghua Certified Public Accountants (special general partnership); The company’s net profit before and after deducting non recurring profits and losses in the last three fiscal years, whichever is lower, is negative, and the audit report of the latest year shows that the company’s ability to continue as a going concern is uncertain; According to the relevant provisions of items (IV) and (VI) of article 13.3 of the stock listing rules, the delisting risk warning of the company’s shares will continue to be superimposed with other risk warnings since the opening of the market on Thursday, April 29, 2021. For details, please refer to the announcement of the company on the delisting risk warning of the company’s stock trading and the superposition of other risk warnings published on cninfo.com on April 29, 2021 (Announcement No.: 2021-068).
4、 Prompt that the delisting risk warning of the company’s shares is cancelled due to reorganization, but it is still in the state of delisting risk warning superimposed with other risk warnings
According to the relevant provisions of the stock listing rules, the delisting risk warning of the company’s stock trading due to reorganization is revoked, but it is still in the state of delisting risk warning superimposed with other risk warnings. The company’s stock abbreviation is still “* ST Zhongtai”, the daily rise and fall limit of the company’s stock trading is still 5%, and the company’s stock code remains unchanged, which is still “000980”.
The information disclosure media designated by the company are securities times, Securities Daily, etc. and http://www.cn.info.com.cn, All information publicly disclosed by the company shall be subject to the announcement published in the designated media. Please pay attention to the follow-up announcement and pay attention to the investment risk.
It is hereby announced.
Zotye Automobile Co.Ltd(000980) board of directors January 14, 2002
