Securities code: Taihai Manoir Nuclear Equipment Co.Ltd(002366) securities abbreviation: ST Haihe Announcement No.: 2022031
Taihai Manoir Nuclear Equipment Co.Ltd(002366)
Announcement on stock price changes
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、 Abnormal stock trading
Taihai Manoir Nuclear Equipment Co.Ltd(002366) (hereinafter referred to as “the company”) shares (Securities abbreviation: ST Haihe, securities code: Taihai Manoir Nuclear Equipment Co.Ltd(002366) ) deviated by 12.76% for three consecutive trading days on May 18, May 19 and May 20, 2022. According to the trading rules of Shenzhen Stock Exchange and other relevant regulations, it belongs to the situation of abnormal fluctuation of stock trading.
2、 The company pays attention to and verifies relevant information
In view of the abnormal fluctuation of the company’s stock trading, the company has checked the relevant matters, and the relevant information is explained as follows:
(I) there is no need to correct or supplement the information disclosed by the company in the early stage.
(II) the company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.
(III) on April 30, 2022, the company disclosed the announcement on the delisting risk warning of the company’s shares superimposed with other risk warnings and suspension of trading on the designated information disclosure media (Announcement No.: 2022024).
According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022): after the delisting risk warning is implemented for the listed company’s stock trading due to the violation of these rules and items (I) to (III) of paragraph 1 of article 9.3.1, if one of the following circumstances occurs in the first accounting year, the exchange decides to terminate its stock listing and Trading:
1. The audited net profit is negative and the operating income is less than 100 million yuan, or the net profit of the most recent fiscal year after retroactive restatement is negative and the operating income is less than 100 million yuan;
2. The audited ending net assets are negative, or the ending net assets of the latest fiscal year after retroactive restatement are negative;
3. The financial accounting report is issued with qualified opinions, unable to express opinions or negative opinions;
4. Failing to disclose the annual report that more than half of the directors guarantee to be true, accurate and complete within the statutory time limit;
5. Although it meets the conditions specified in article 9.3.7, it fails to apply to the exchange for cancellation of delisting risk warning within the specified time limit;
6. Because it does not meet the conditions specified in article 9.3.7, its application for cancellation of delisting risk warning has not been reviewed and approved by the exchange.
In case of any of the circumstances mentioned in the above provisions, the listing of the company’s shares will be terminated. Please pay attention to investment risks and invest rationally.
(IV) Yantai Taihai Manuer Nuclear Power Equipment Co., Ltd. (hereinafter referred to as “Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) “) and the controlling shareholder Yantai Taihai Group Co., Ltd. (hereinafter referred to as “Taihai group”) have been ordered by the court to enter the bankruptcy and reorganization proceedings. The current bankruptcy and reorganization plan has not been determined, and there are uncertainties in the process and results. The company will continue to pay attention to the progress of the above matters.
(V) on the evening of May 9, 2022, the company received the inquiry letter on the annual report of Taihai Manoir Nuclear Equipment Co.Ltd(002366) 2021 (annual report inquiry letter [2022] No. 219) from the management department of listed companies of Shenzhen Stock Exchange, and the company is organizing a reply.
(VI) the applicant has applied to the court for bankruptcy reorganization of the company, but the court has not ruled to accept it.
(VII) through self-examination and inquiry, the company, the controlling shareholder and the actual controller do not have any major matters that should be disclosed but not disclosed by the company, nor do they have any major matters in the planning stage.
(VIII) through self-examination and letter inquiry, the controlling shareholder and actual controller of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Statement that there is no material information that should be disclosed but not disclosed
As confirmed by the board of directors of the company, in addition to the above matters, the company has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange (revised in 2022); The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares; The information disclosed by the company in the early stage does not need to be corrected or supplemented.
4、 Risk tips
(I) the company has not violated the fair disclosure of information through self-examination.
(II) the applicant applies to the court for bankruptcy reorganization of the company. According to the relevant provisions of the enterprise bankruptcy law of the people’s Republic of China, if the court decides that the company enters the reorganization procedure, the court will appoint the manager, and the creditor will declare the creditor’s rights to the manager according to law. The manager or the company shall formulate the draft of the company’s reorganization plan within the specified time limit according to law and submit it to the meeting for deliberation and voting. The creditors of the company are paid off according to the reorganization plan approved by the court. The completion of the reorganization plan will help promote the company to return to the track of healthy and sustainable development.
If the draft reorganization plan cannot be approved by the court, the court will rule to terminate the reorganization proceedings of the company and declare the company bankrupt. If the company cannot obtain the court’s ruling to approve the reorganization, the company will face the risk of being declared bankrupt because it cannot resolve the risk. If the company is declared bankrupt, the company’s shares will face the risk of delisting according to item (VI) of article 14.4.17 of the stock listing rules of Shenzhen Stock Exchange.
(III) Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) operating revenue accounts for 99.10% of the company’s operating revenue, and its total assets account for 99.91% of the company’s total assets. Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) entered the bankruptcy reorganization procedure after the court ruled, which had a significant impact on the company.
(IV) the balance of the company’s guarantee for Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) is 1.819 billion yuan. Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) enters the bankruptcy and reorganization procedure, and there is a risk that creditors require the company to perform the guarantee liability. The company will continue to maintain contact and communication with creditors, and coordinate and resolve debt risks by negotiating with banking institutions on renewal plans or debt restructuring. At present, the company has been applied for bankruptcy reorganization by creditors to the court. If the court decides to reorganize the company, the creditors who guarantee the debt have the right to declare their creditor’s rights in the reorganization procedure.
(V) Taihai group and Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) have been ordered by the court to enter the bankruptcy reorganization procedure. At present, the bankruptcy reorganization plan has not been determined, and the process and results are uncertain. The impact of bankruptcy reorganization on the company’s current or future profits cannot be judged temporarily. The company will conduct corresponding accounting treatment according to the bankruptcy reorganization results and the relevant provisions of the accounting standards for business enterprises; At the same time, Taiwan Strait group and Yantai Taihai Manoir Nuclear Equipment Co.Ltd(002366) have the risk of being declared bankrupt and liquidated by the court due to the failure of reorganization; The company will pay close attention to the bankruptcy reorganization process, actively safeguard the rights of the company and its shareholders, and timely perform the obligation of information disclosure according to the progress of bankruptcy reorganization.
(VI) Taiwan Strait group and its persons acting in concert hold a total of 262436894 shares of the company, accounting for 30.27% of the total shares of the company. Since the controlling shareholder enters the bankruptcy reorganization procedure, there is a risk of change in actual control. If the controlling shareholder changes, the company will timely perform the obligation of information disclosure.
The company solemnly reminds investors that the information disclosure media designated by the company are securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN), All information of the company shall be subject to the information disclosed in the above designated media.
The company will continue to fulfill the obligation of information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations, and do a good job of information disclosure in a timely manner. Please invest rationally and pay attention to risks.
It is hereby announced.
Taihai Manoir Nuclear Equipment Co.Ltd(002366) board of directors may 23, 2022
