Chongqing Wanli New Energy Co.Ltd(600847) board of directors
Explanation on the stock price fluctuation before the disclosure of the plan does not meet the relevant standards in Article 5 of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties
Chongqing Wanli New Energy Co.Ltd(600847) (hereinafter referred to as “the company”) plans to purchase 48.95% equity of Chongqing Teri battery materials Co., Ltd. by means of major asset replacement and issuing shares to purchase assets, and plans to raise supporting funds by non-public offering of shares (hereinafter referred to as “the transaction”).
In accordance with the requirements of the notice on regulating the information disclosure of listed companies and the behavior of relevant parties (Zheng Jian Gong Si Zi [2007] No. 128) (hereinafter referred to as “No. 128 document”) issued by the China Securities Regulatory Commission, the company conducted a self-examination on the fluctuation of stock price before suspension, as follows:
On January 6, 2022, the company applied to Shanghai stock exchange for stock suspension due to planning major asset restructuring. The closing prices of the company’s shares from the 21st trading day before the suspension (December 7, 2021) to the previous trading day (January 5, 2022) and the market and industry indexes in the same period are as follows:
Date: closing price of listed companies Shanghai Stock Exchange Index Shenwan battery index (600847. SH) (00000 1. SH) (801737. SI)
December 7, 2021 18.34 3595.09 31626.96
January 5, 2022 19.58 3595.18 27562.57
During the period, the rise and fall range was 6.76%, 0.00% – 12.85%
Increase or decrease during the period (excluding the market) 6.76%
Increase or decrease during the period (excluding industries) 19.61%
After excluding the market factors, the company’s shares increased by 6.76% in the 20 trading days before the suspension. After excluding the factors of the same industry sector, the company’s shares increased by 19.61% in the 20 trading days before the suspension.
Therefore, the cumulative rise and fall of the company’s share price within 20 trading days before the release of sensitive major information on share price did not exceed 20%, which did not meet the relevant standards specified in Article 5 of Document No. 128.
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Chongqing Wanli New Energy Co.Ltd(600847) board of directors January 19, 2022
