Huaxun Fangzhou Co.Ltd(000687) : risk warning announcement on the possible delisting of the company's shares

Securities code: 000687 securities abbreviation: * ST Huaxun Announcement No.: 2022-015

Huaxun Fangzhou Co.Ltd(000687)

Risk warning announcement on the possible delisting of the company's shares

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

Special risk warning: the company disclosed the performance forecast for 2021 (Announcement No.: 2022-012) on January 25, 2022. It is estimated that the net profit of the company in 2021 is negative, the operating income is less than 100 million yuan, and the net assets of the company at the end of 2021 are negative, In addition, the elimination of the impact of the matters involved in the audit report of the company in 2020 that cannot express opinions has yet to be reviewed by the annual audit accountant. According to article 9.3.11 of the stock listing rules of Shenzhen Stock Exchange (revised in 2022), If the annual report of the company in 2021 shows that "the net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million", or "the net assets at the end of 2021 are negative", or "the audit report with qualified opinions, unable to express opinions or negative opinions is issued in the financial and accounting report of 2021", the listing of the company's shares will be terminated. Please invest rationally and pay attention to investment risks.

Huaxun Fangzhou Co.Ltd(000687) (hereinafter referred to as "the company") due to the negative net profit attributable to the shareholders of the listed company in 2020, the operating income is less than 100 million yuan, and the negative net assets at the end of 2020, the company's financial and accounting report in 2020 is issued with an audit report that cannot express an opinion, The company has continued to implement delisting risk warning since the disclosure of the 2020 annual report on April 30, 2021.

The company disclosed the performance forecast for 2021 (Announcement No.: 2022-012) on January 25, 2022. It is estimated that the net profit of the company in 2021 will be negative, the operating income will be less than 100 million yuan, and the net assets of the company at the end of 2021 will be negative. In addition, the elimination of the impact of the matters involved in the audit report for 2020 will be reviewed by the annual audit accountant, According to article 9.3.11 of the Listing Rules of Shenzhen Stock Exchange (revised in 2022), If the annual report of the company in 2021 shows that "the net profit attributable to the shareholders of the listed company in 2021 is negative and the operating income is less than RMB 100 million", or "the net assets at the end of 2021 are negative", or "the audit report with qualified opinions, unable to express opinions or negative opinions is issued in the financial and accounting report of 2021", the listing of the company's shares will be terminated. Please invest rationally and pay attention to investment risks.

The company's 2021 annual report is scheduled to be disclosed on April 28, 2022. At present, the audit of the company's 2021 annual report is in progress, and the specific audited business performance and audit report type will be in 2021

Securities code: 000687 securities abbreviation: * ST Huaxun Announcement No.: 2022-015

Detailed disclosure in the annual report of the year. The information disclosure media designated by the company are Shanghai Securities News and http://www.cn.info.com.cn, All information publicly disclosed by the company shall be subject to the announcement published in the above designated media. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Huaxun Fangzhou Co.Ltd(000687) board of directors

January 25, 2022

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