Securities code: Caissa Tosun Development Co.Ltd(000796) securities abbreviation: St Caesar Announcement No.: 2022045
Bond Code: 112532 bond abbreviation: 17 Caesar 03
Caissa Tosun Development Co.Ltd(000796)
Pre disclosure announcement on the risk of passive reduction of shareholders
The shareholder of the company, Xinyu Jiuxing Investment Management Center (limited partnership), guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.
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.
Recently, Caissa Tosun Development Co.Ltd(000796) (hereinafter referred to as “the company” or ” Caissa Tosun Development Co.Ltd(000796) “) received a notice from Xinyu Jiuxing Investment Management Center (limited partnership) (hereinafter referred to as “Xinyu Jiuxing”) who acted in concert with the controlling shareholder, and learned that its share guarantee ratio in the account of Orient Securities Company Limited(600958) (hereinafter referred to as ” Orient Securities Company Limited(600958) “) was lower than the closing line, and had passively reduced part of the shares of the company through centralized bidding, For details, please refer to the brief report on changes in equity and the suggestive announcement on changes in shareholders’ equity (Announcement No.: 2022044) disclosed by the company today. In view of the possible passive reduction risk of shareholders in the future, the relevant information is hereby announced as follows:
1、 Basic information of subsequent passive reduction plan of shares held by shareholders
(I) shareholders: Xinyu Jiuxing Investment Management Center (limited partnership). Up to now, Xinyu Jiuxing has directly held 3800000 shares of the company, accounting for 0.47% of the total share capital of the company;
(II) reasons for passive reduction: the proportion of stock guarantee in Orient Securities Company Limited(600958) account is lower than the closing line, so there may be the risk of passive reduction;
(III) source of shares: obtained by subscribing for non-public shares of the company;
(IV) reduction method, range and quantity: the reduction shall be conducted by means of centralized bidding. The period of passive reduction shall be within three months from the date when the conditions for reduction are met after the disclosure of this announcement, and the quantity shall not exceed 0.47% of the total share capital of the company, i.e. 3800000 shares; According to the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange and other relevant provisions, if the controlling shareholders and persons acting in concert reduce the shares of the company by means of centralized bidding within any continuous 90 natural days, the total number of shares reduced shall not exceed 1% of the total share capital of the company, that is, not more than about 8030002 shares.
2、 Relevant risk tips
(I) at present, Xinyu Jiuxing is communicating and negotiating with Orient Securities Company Limited(600958) to actively resolve the risk of passive share reduction through various measures, and carry out debt extension, fund-raising and other relevant measures to reduce the adverse impact of this passive share reduction according to the requirements of creditors.
(II) the board of directors of the company will urge Xinyu Jiuxing to raise funds, deal with the risk of passive shareholding reduction through measures such as margin increase or early repayment of financing funds, and maintain the stability of the company’s equity structure. This passive reduction will not affect the corporate governance structure and sustainable operation, nor will it lead to changes in the company’s control. The controlling shareholder of the company is still Caesar Sega Tourism Management Consulting Co., Ltd., and the actual controller is Mr. Chen Xiaobing.
(III) the board of directors of the company will urge Xinyu Jiuxing and relevant parties to strictly abide by the securities law, the stock listing rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board during the implementation of the share reduction plan In accordance with the provisions of the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange and other normative documents of laws and regulations, the obligation of information disclosure shall be performed in a timely manner. Please invest rationally and pay attention to investment risks.
3、 Documents for future reference
Xinyu Jiuxing’s notification letter on the existence of passive reduction risk
It is hereby announced.
Caissa Tosun Development Co.Ltd(000796) May 22, 2022
