Securities code: 600257 securities abbreviation: Dahu Aquaculture Co.Ltd(600257) Announcement No.: 2022-005
Dahu Aquaculture Co.Ltd(600257)
Announcement on receiving the inquiry letter on Dahu Aquaculture Co.Ltd(600257) related subsidiary equity transfer and other matters from 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.
On January 17, 2022, the company received the inquiry letter on Dahu Aquaculture Co.Ltd(600257) related subsidiary equity transfer and other matters from Shanghai Stock Exchange (szgh [2022] No. 0037) (hereinafter referred to as the inquiry letter). The inquiry letter reads as follows:
On January 17, 2022, the company submitted an announcement after hours that it planned to sign the framework agreement on lifting the merger agreement of beimin lake fishery to transfer the use right of surface aquaculture of beimin lake fishery, and transfer 54.67% of the equity of the holding subsidiary Hunan East Lake fishery Co., Ltd. (hereinafter referred to as “East Lake Company”) at the price of 1 yuan, The above two transactions will have a total impact on the company’s net profit of about – 167 million yuan in 2021. In accordance with article 13.1.1 and other relevant provisions of the stock listing rules of the exchange, your company is hereby requested to verify and disclose the following matters.
1、 The company announced that the transfer of the equity of East Lake company and the cancellation of the beimin lake fishery merger agreement are measures taken in response to the government’s water environment treatment and in combination with the actual situation of the company. The company is requested to make supplementary Disclosure Based on the financial data of Donghu company and beimin lake fishing ground: (1) the rationality of the company’s transfer of 54.67% equity of Donghu company at a consideration of 1 yuan; (2) In addition to the above methods, whether the company negotiates with relevant parties on other feasible water environment treatment schemes. If so, please explain the reasons for finally adopting the method of equity transfer and termination of the agreement; (3) The net profit attributable to the shareholders of the listed company in 2021 after the cancellation of the beimin lake fishing ground merger agreement is – 71.1837 million yuan; (4) Whether the above transactions harm the interests of the company and small and medium-sized investors.
2、 After the completion of this transaction, the company will no longer have the use right of surface aquaculture of beimin lake fishery and the right of surface aquaculture of East Lake fishery. The company is requested to make supplementary disclosure in combination with the composition of its main business and current production and operation conditions: (1) the impact of the above two fishing grounds on the company’s operating performance, including the proportion of operating income, net profit, total assets and net assets, and whether the transfer will have a significant adverse impact on the company’s main business; (2) In addition to the above two fishing grounds, whether the operation of other aquaculture water surfaces of the company can ensure the continuous development of the company’s main business.
3、 The company announced that the company held the board of directors on January 17, 2022 and considered and approved the proposal on signing the framework agreement on lifting the merger agreement of beimin lake fishery and the proposal on transferring the equity of holding subsidiaries. Up to now, the above matters have not been reviewed by the general meeting of shareholders. The company is requested to disclose the rationality of including the impact of the above transactions on the financial statements of the listed company in the fiscal year 2021. The annual audit accountant of the company is requested to give clear opinions.
4、 The company announced that the impact of the above two transactions on the company’s net profit attributable to shareholders of the listed company in 2021 is expected to be -71.1837 million yuan and -35.5611 million yuan respectively. The company is requested to assess whether there is a large loss in the company’s performance in 2021 in combination with the overall performance in 2021. If the performance forecast should be made, please disclose the performance forecast in time in accordance with relevant regulations and make relevant risk tips.
Please disclose immediately after receiving the inquiry letter, reply to relevant matters and disclose them to the public before January 24, 2022.
The above is all the contents of the inquiry letter. The company will organize relevant personnel to reply to the relevant questions of the inquiry letter as soon as possible and fulfill the corresponding information disclosure obligations according to the requirements of Shanghai Stock Exchange.
It is hereby announced.
Dahu Aquaculture Co.Ltd(600257) board of directors January 17, 2022
