Securities code: 6 0 3399 securities abbreviation: Jinzhou Jixiang Molybdenum Co.Ltd(603399) Announcement No.: 2022-011 Jinzhou Jixiang Molybdenum Co.Ltd(603399)
Announcement of abnormal fluctuations in stock trading
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:
● Jinzhou Jixiang Molybdenum Co.Ltd(603399) (hereinafter referred to as “the company”) has accumulated more than 20% deviation from the daily closing price increase in three consecutive trading days on January 19, 20 and 21, 2022. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
● through self-examination and verification with the controlling shareholder and actual controller of the company, as of the date of this announcement, the company, the controlling shareholder and actual controller have no information that should be disclosed but not disclosed.
1、 Details of abnormal fluctuations in stock trading
On January 19, 20 and 21, 2022, the daily closing price of the company’s shares deviated by more than 20% in total within three consecutive trading days. 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
1. The information disclosed by the company in the early stage does not need to be corrected or supplemented.
2. After verification with the company’s management, the company’s production and operation are normal, and the internal and external business environment has not changed significantly.
3. After inquiry from the company’s management, the controlling shareholder and the actual controller of the company, there is no major information about the company that should be disclosed but not disclosed, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset injection and other major matters.
On January 6, 2022, the company held the 50th meeting of the 4th board of directors and the 27th meeting of the 4th board of supervisors, deliberated and adopted the proposal on acquiring 100% equity and related party transactions of Hunan Yongshan Lithium Industry Co., Ltd., and the company acquired 100% equity of Hunan Yongshan lithium industry Co., Ltd. with RMB 480 million in cash. For details, see the announcement published on the website of Shanghai Stock Exchange and the information disclosure media designated by the company on January 7, 2022. The above transactions still need to be submitted to the general meeting of shareholders for deliberation and approval. At present, the company and relevant parties are actively promoting the work of this acquisition.
After this transaction, the company’s main business is still molybdenum product business and film and television business, and there will be no change in the main business.
Except for the above disclosed transactions, there are no major matters that should be disclosed but not disclosed about the company.
4. The company has no other major events that may have a great impact on the company’s share price.
5. No major unpublished information that may or has had a great impact on the company’s stock trading price has been reported by the public media recently.
3、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that up to now, there are no undisclosed matters, plans and intentions related to the matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange, and the board of directors has not been informed that the company has undisclosed matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange Information that has a great impact on the trading price of the company’s shares and their derivatives.
4、 Relevant risk tips
Yongshan lithium industry is still under construction and is expected to be officially put into operation at the end of June 2022. In 2020, the company’s operating revenue was 1.5221 million yuan and its net profit was -4.8897 million yuan; From January to September 2021, the operating revenue was 27.4701 million yuan and the net profit was 6.3145 million yuan. There is uncertainty in the future operating income and profit of Yongshan lithium. After this transaction, Yongshan lithium has uncertainty in its impact on the company’s operating income and profit. The information disclosure media designated by the company are China Securities News, Shanghai Securities News, Securities Daily, securities times and the website of Shanghai Stock Exchange www.sse com. cn.， Please pay attention to the company’s information disclosure and investment risks.
It is hereby announced.
Jinzhou Jixiang Molybdenum Co.Ltd(603399) board of directors January 22, 2022
