Securities code: Fujian Start Group Co.Ltd(600734) securities abbreviation: ST Shida Announcement No.: 2022061 Fujian Start Group Co.Ltd(600734)
Reply announcement on the inquiry letter on matters related to the reduction of shares held by restructuring investors of Fujian Shida Group Co., Ltd. issued by Shanghai Stock Exchange
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
According to the reorganization plan, the converted shares obtained by the reorganization investors may be reduced after the expiration of the sales restriction.
Fujian Start Group Co.Ltd(600734) (hereinafter referred to as the company) received the inquiry letter on matters related to the reduction of shares held by restructuring investors of Fujian Shida Group Co., Ltd. (szgh [2022] No. 0410) (hereinafter referred to as the inquiry letter) from Shanghai Stock Exchange on May 16, 2022. According to the requirements of the inquiry letter, the company has carefully analyzed and verified the relevant issues, and now the reply to the relevant issues of the inquiry letter is as follows:
Question 1: according to the reorganization plan, the reorganization investors obtained about 1.556 billion converted shares, accounting for 71.44% of the total share capital, of which 11 financial investors accounted for 46.44% of the total share capital, which will expire on February 13, 2023. The company is requested to supplement and disclose the reduction plan of restructuring investors after the expiration of the sales restriction, and explain the impact on the stability of the company’s equity structure.
Company reply:
Up to now, the company has confirmed the above matters by letter, and confirmed by the written replies of the above parties, 12 restructuring investors said they would earnestly fulfill their commitment to restrict the sale of the above shares, but there is the possibility of reducing their holdings of the above shares after the expiration of the restriction.
Among them, the industrial investor Fujian Shusheng investment partnership (limited partnership) is the controlling shareholder of the company, We promise that in the future, we will strictly follow the company law, the securities law, the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the Listing Rules), the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 8 – management of share changes, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, and the implementation rules for the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies of Shanghai Stock Exchange And other laws and regulations, buy and sell the company’s shares, and timely fulfill the obligation of information disclosure.
Since the above restructuring investors have no plan to reduce their holdings of the company’s shares after the expiration of the sales restriction, it has no impact on the stability of the company’s equity structure.
Question 2: the average holding cost of the company’s restructuring investors is 0.58 yuan / share. At present, the share price of the company’s stock in the secondary market is 5.85 yuan / share. At present, the stock market value held by restructuring investors is about 9 billion yuan, and the floating profit ratio is high. The centralized reduction may have the risk of sharp fluctuations in the stock price. Please fully remind the company of relevant risks in combination with the recent large fluctuation of the company’s share price.
Company reply:
The ex right and ex dividend date of the conversion of capital reserve into share capital in the company’s reorganization plan is February 15, 2022. Before the ex right and ex dividend date, the closing price of the company’s shares is 2.86 yuan / share, and the adjusted ex right reference price calculated according to the ex right formula is 1.23 yuan / share. As of the date of this announcement, the company’s secondary market share price was 6.23 yuan / share, with a large cumulative increase.
After delisting, due to the large fluctuation of the company’s share price, in order to safeguard the interests of investors, the company has conducted a total of four suspension inspections. The company has verified and confirmed that, except for the information disclosed by the company, the company currently has no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the listing rules or the planning, negotiation, intention and agreement related to such matters; The board of directors has not been informed of the important information that should be disclosed but not disclosed according to the listing rules and other relevant provisions and may have 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 need to be corrected or supplemented. At the same time, the company reminded investors to pay attention to the risk matters disclosed in the announcement, including: secondary market transaction risk, delisting risk, case filing and investigation risk, shareholder reduction risk, etc. According to the restructuring plan, the restructuring investors obtained about 1.556 billion converted shares, accounting for 71.44% of the total share capital, of which one industrial investor holds 25% of the total share capital, which will expire on February 13, 2025, and 11 financial investors hold 46.44% of the total share capital, which will expire on February 13, 2023. Restructuring investors may reduce their holdings of the above shares after the expiration of the sales restriction. After the expiration of the sales restriction period, if the reorganization investors reduce their holdings intensively, there may be a risk of significant fluctuation in the company’s share price. Please pay attention to the investment risk.
The company urged the relevant restructuring investors to earnestly fulfill the commitments made during the restructuring, safeguard the interests of the listed company and the majority of shareholders, especially small and medium-sized shareholders, and informed the shareholders of the possible penalties and corresponding risks of illegal reduction. Subsequently, the company will continue to urge and supervise relevant shareholders, strictly abide by relevant regulations, and earnestly fulfill relevant commitments on share restriction and reduction. At the same time, the company will pay timely attention to the changes in shares of restructuring investors and make timely announcements on relevant information.
The information disclosure media currently designated by the company are China Securities News, Securities Daily, securities times, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN), The information about the company is subject to the information disclosed by the company in the above designated media. Please pay attention to the announcement and pay attention to the investment risk.
It is hereby announced.
Fujian Start Group Co.Ltd(600734) board of directors may 23, 2022
