Securities code: 603598 securities abbreviation: Inly Media Co.Ltd(603598) Announcement No.: 2022-005 Inly Media Co.Ltd(603598)
Stock trading abnormal fluctuation announcement
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:
Inly Media Co.Ltd(603598) (hereinafter referred to as “the company”) shares have deviated from the daily closing price by more than 20% in two consecutive trading days, which belongs to abnormal fluctuations in stock trading according to the trading rules of Shanghai Stock Exchange.
After the company’s self-examination and sent a letter to the controlling shareholder and actual controller of the company, it is confirmed that there is no material information that should be disclosed but not disclosed.
According to the industry classification of Shenwan, the P / E ratio of the “media industry” of the company is 30.9 times, and the current P / E ratio of the company is 81.9 times, which is significantly higher than the average level of the same industry; In January 2022, the “media industry” increased by 0.98% and the company increased by 50.09%. The company’s share price has a large increase in the short term, and there is a secondary market transaction risk. The company reminds investors to guard against concept speculation and pay attention to investment risks.
More than 5% of the company’s shareholders still have unfinished share reduction plans. On August 31, 2021 and November 11, 2021, the company disclosed the reduction plans of the company’s controlling shareholders and persons acting in concert. Beijing Hezhong Chuangshi management consulting partnership (limited partnership) and Mr. Luo Yanji planned to reduce 15.7 million shares, accounting for 5.861% of the company’s total share capital, and the remaining 10.7 million shares were not completed, accounting for 3.995% of the company’s total share capital.
1、 Details of abnormal fluctuations in stock trading
The deviation of the closing price increase of the company’s shares for two consecutive trading days on January 14 and January 17, 2022 is more than 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
(I) production and operation
According to the company’s self inspection, the company’s current production and operation activities are normal, the daily operation has not changed significantly, the market environment and industrial policies have not been significantly adjusted, the production cost and sales have not fluctuated significantly, the internal production and operation order is normal, and the relevant orders and contracts are performed normally.
(II) major events
After the company’s self-examination and sent a letter to the controlling shareholder and actual controller, Mr. Luo Yanji, as of the disclosure date of this announcement, except in accordance with the company law For the “non-public offering of shares in 2021” (see “III. relevant risk tips (III) progress risks of major events” in this announcement for the specific progress), the company, controlling shareholders and actual controllers have not planned major asset restructuring, share issuance, acquisition, debt restructuring Business restructuring, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major events that may cause abnormal fluctuations in the company’s stock trading.
(III) media reports, market rumors and hot concepts
The company has recently paid attention to the hot concepts related to “virtual digital man”, which are verified and explained as follows:
On December 13, 2021, the company held the 8th meeting of the 4th board of directors, deliberated and approved the proposal on the establishment of wholly-owned subsidiaries by the company, and issued relevant Announcements: the company plans to establish a wholly-owned subsidiary, focusing on strategic emerging industries such as commercial application of XR technology, digital human and virtual IP. At present, the company has completed registration, but is still in the early stage of development, A stable and mature business model has not been formed. At present, the company has signed “Lingqiu” and “Muxi” digital people, and will commercialize and realize them mainly through brand commercial endorsement, IP authorized peripheral derivatives, brand live broadcast and delivery.
(IV) other stock price sensitive information
The company has not found any other major events that may have a great impact on the company’s share price; After verification by the company, Ms. Wang Xiaoying, director and chief financial officer of the company, reduced 63200 shares of the company through centralized bidding on January 14, 2022, accounting for 0.024% of the total share capital of the company; Ms. pan Xinxin, director and President of the company, reduced 51800 shares of the company through centralized bidding on January 17, 2022, accounting for 0.019% of the total share capital of the company. Ms. pan Xinxin’s reduction plan has not been completed yet.
3、 Relevant risk tips
(I) high P / E ratio and secondary market transaction risk
The closing price of the company’s shares deviated from the value by more than 20% in two consecutive trading days on January 14 and January 17, 2022.
According to the industry classification of Shenwan, the P / E ratio of the “media industry” of the company is 30.9 times, and the current P / E ratio of the company is 81.9 times, which is significantly higher than the average level of the same industry; In January 2022, the “media industry” increased by 0.98% and the company increased by 50.09%. The company’s share price has a large increase in the short term, and there is a secondary market transaction risk. The company reminds investors to guard against concept speculation and pay attention to investment risks.
(II) hot concept business risk
The company’s “virtual digital human” related business is still in the early stage of development and needs to be verified by the market. The signed digital human flow is small, and there is uncertainty in the future commercialization value and liquidity. Investors are reminded to pay attention to investment risks.
(III) progress risk of major events
The company held the seventh meeting of the Fourth Board of directors, the seventh meeting of the Fourth Board of supervisors and the third extraordinary general meeting of shareholders in 2021 on October 29, 2021 and November 22, 2021 respectively, and deliberated and adopted the proposal on the company’s non-public development and stock issuance scheme in 2021 and other relevant proposals: it is proposed to raise no more than RMB 505 million, It will be used for interest and trust e-commerce comprehensive service platform construction project and CDP data middle platform construction project. As of the date of this announcement, the company has not submitted the application for approval of non-public offering of new shares by listed companies to the CSRC. This non-public offering of shares can be implemented only after it is approved by the CSRC, and there is still uncertainty.
(IV) more than 5% shareholders have the risk that the reduction plan has not been completed
On August 31, 2021, the company disclosed the announcement on the share reduction plan of Inly Media Co.Ltd(603598) shareholders, directors and senior managers: Beijing Hezhong Chuangshi management consulting partnership (limited partnership) (hereinafter referred to as “Hezhong Chuangshi”) plans to reduce 5 million shares, accounting for 1.867% of the total share capital of the company. Up to now, Hezhong Chuangshi has not reduced its shares in the company in any way, and this reduction plan has not been implemented.
On November 11, 2021, the company disclosed the announcement on the share reduction plan of Inly Media Co.Ltd(603598) shareholders, and on December 30, 2021, disclosed the suggestive announcement on the progress of share reduction of Inly Media Co.Ltd(603598) shareholders and the reduction of 1% by controlling shareholders. The controlling shareholder and actual controller of the company, Mr. Luo Yanji, intends to reduce 10.7 million shares, accounting for 3.995% of the total share capital of the company, and 5.7 million shares have not been completed, Accounting for 2.128% of the total share capital of the company, the above reduction plan has not been completed.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that (except for the disclosure matters mentioned above) the company has no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.
The information disclosure newspapers designated by the company are China Securities News, Shanghai Securities News, securities times and Securities Daily, and the designated information disclosure website is the website of Shanghai Stock Exchange. The board of directors of the company reminds investors that the company’s information shall be subject to the information disclosure newspapers and websites designated by the company. Please analyze rationally and pay attention to investment risks.
It is hereby announced.
Inly Media Co.Ltd(603598) board of directors January 17, 2022
