Zhengzhou Sino-Crystal Diamond Co.Ltd(300064)
Securities code: 300064 securities abbreviation: * ST King Kong Announcement No.: 2022-005 Zhengzhou Sino-Crystal Diamond Co.Ltd(300064)
Risk warning announcement on possible delisting of 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 tips:
1. Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) (hereinafter referred to as “the company”) has issued an audit report that cannot express opinions on the financial statements and notes to the financial statements in 2020. The delisting risk warning has been implemented since the opening of the company’s shares on April 28, 2021. Up to now, the matters that cannot express opinions have not been eliminated. If the company’s 2021 financial report is issued with an audit report with qualified opinions, unable to express opinions or negative opinions, the listing of the company’s shares will be terminated in accordance with Item 3 of article 10.3.10 of the GEM Listing Rules of Shenzhen Stock Exchange (hereinafter referred to as the “Listing Rules”).
2. At present, the company has not appointed an audit institution for 2021. The company will select and appoint an audit institution for 2021 as soon as possible to promote the audit work in 2021. If the company cannot disclose the true, accurate and complete annual report guaranteed by more than half of the directors before April 30, 2022, the listing of the company’s shares will be terminated in accordance with Item 4 of article 10.3.10 of the listing rules.
3. By the end of the third quarter of 2021, the owner’s equity attributable to the shareholders of the listed company was -112.0868 million yuan. If the audited net assets at the end of 2021 are negative, or the net assets in 2021 are negative after retroactive restatement, the listing of the company’s shares will be terminated in accordance with Item 2 of article 10.3.10 of the listing rules.
4. The China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) filed an investigation into the company on suspicion of illegal information disclosure. On August 13, 2021, the company received the advance notice of administrative punishment and market Prohibition (punishment Zi [2021] No. 65) (hereinafter referred to as the “advance notice”) issued by the CSRC. The retroactively adjusted financial statements may touch the situation of major illegal compulsory delisting stipulated in Item (III) of Article 4 of the measures for the implementation of major illegal compulsory delisting of listed companies of Shenzhen Stock Exchange, and the company’s shares
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) may be subject to major illegal compulsory delisting. At present, the company is verifying the facts and financial data suspected of violating the law in the advance notice, and the final result is subject to the formal decision issued by the CSRC.
According to article 10.1.5 of the listing rules, if a listed company has more than two situations of termination of listing, the shares will be terminated in accordance with the principle of first touch, first application.
Please pay attention to investment risks.
1、 There is a risk of major illegal compulsory delisting of the company’s shares
The company received the investigation notice of China Securities Regulatory Commission (ycz No. 2020013) on April 7, 2020. Because the company is suspected of violating laws and regulations in information disclosure, according to the relevant provisions of the securities law of the people’s Republic of China, the CSRC decided to file a case for investigation (Announcement No.: 2020-015). The company received the advance notice issued by the CSRC on August 13, 2021. According to the fact of suspected violation of the law, the company falsely increased its net assets by 1.856 billion yuan at the end of 2019. The annual report shows that the company’s net assets were 1.721 billion yuan on December 31, 2019, a loss of 1.236 billion yuan in 2020, and The net assets after retroactive adjustment on December 31, 2020 may be negative, which may touch the situation of major illegal compulsory delisting stipulated in Item (III) of Article 4 of the measures for the implementation of major illegal compulsory delisting of Listed Companies in Shenzhen Stock Exchange, and the company’s shares may be subject to major illegal compulsory delisting. At present, the company is verifying the facts and financial data suspected of illegal in the prior notice. Whether the company adjusts the financial statements of previous years is not based on the prior notice, and the final result is subject to the formal decision issued by the CSRC. The company will continue to pay attention to and disclose relevant information in time after receiving the formal punishment decision. 2、 Other instructions and risk tips
1. The company’s 2020 financial statements and notes to the financial statements were issued with an audit report that could not express opinions. The delisting risk warning of the company’s shares was implemented since the opening of the market on April 28, 2021. Up to now, the matters that could not express opinions have not been eliminated. If the company’s 2021 financial report is issued with qualified opinions, unable to express opinions or negative opinions, the listing of the company’s shares will be terminated in accordance with Item 3 of article 10.3.10 of the listing rules.
At present, the company has not appointed an audit institution for 2021. The company will select and appoint an audit institution for 2021 as soon as possible to promote the audit work in 2021. If the company is unable to disclose the annual report that more than half of the directors guarantee to be true, accurate and complete before April 30, 2022, according to Item 4 of article 10.3.10 of the listing rules
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) stipulates that the listing of the company’s shares will be terminated.
By the end of the third quarter of 2021, the owner’s equity attributable to the shareholders of the listed company was -112.0868 million yuan. If the audited net assets at the end of 2021 are negative, or the net assets in 2021 are negative after retroactive restatement, the listing of the company’s shares will be terminated in accordance with Item 2 of article 10.3.10 of the listing rules.
According to article 10.1.5 of the listing rules, if a listed company has more than two situations of termination of listing, the shares will be terminated in accordance with the principle of first touch, first application. Please pay attention to investment risks. 2. Because the company provided funds to Henan Huajing Superhard Materials Co., Ltd. (hereinafter referred to as “Henan Huajing”) or its affiliates or violated the specified procedures for external guarantee, and the situation was serious, the company’s shares were subject to other risk warnings since the opening of the market on November 4, 2020. Please pay attention to investment risks.
3. In recent years, some cooperative banks and non bank financial institutions have cut off loans and withdrawn loans, and the company’s financing channels have been blocked. At the same time, due to litigation matters, most of the company’s bank account funds, land and foreign investment equity have been frozen and sealed up, and the company’s capital chain is tight and its sustainable operation ability is at risk. By the end of December 2021, the balance of monetary funds available to the company was about 16 million yuan.
4. As of the disclosure date of this announcement, the company has involved 91 litigation / arbitration cases, with a total amount of about 6039220700 yuan, including 84 litigation cases involving the company and its holding subsidiaries as defendants, with a total amount of about 5778348100 yuan; The company and its holding subsidiaries, as plaintiffs, involved seven litigation cases, with a case amount of about 260.8726 million yuan. The company is listed as a dishonest executee. Please pay attention to investment risks.
5. As of the disclosure date of this announcement, the company is in production and operation.
According to the relevant provisions of the listing rules, the company shall disclose the progress of the matter at least every five trading days and give special risk tips on the possible implementation of major illegal compulsory delisting of the company’s shares. The company will timely perform the obligation of information disclosure in accordance with the provisions of the listing rules and other laws and regulations. Please invest rationally and pay attention to investment risks.
The company solemnly reminds investors that all information of the company is available in the securities times, China Securities News, Shanghai Securities News and cninfo (www.cn. Info. Com. CN.) The information disclosed on the shall prevail.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) it is hereby announced.
Zhengzhou Sino-Crystal Diamond Co.Ltd(300064) board of directors
January 25, 2022
