Huaxun Fangzhou Co.Ltd(000687) : Announcement on partial removal of subsidiaries from dishonest Executees

Huaxun Fangzhou Co.Ltd(000687)

Announcement on partial removal of subsidiaries from dishonest Executees

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 tips: 1. Due to the shortage of funds of the company and its subsidiaries, the company and its subsidiaries fail to pay bank loans, project funds, supplier loans, restricted stock repurchase funds, etc. in time, the company and its subsidiaries face more judicial proceedings. During the execution of relevant litigation cases, due to the shortage of funds of the company and its subsidiaries, the company and some subsidiaries have been listed in the list of dishonest Executees for many times. As the company and some subsidiaries still have other pending litigation (including unfinished execution), if the company and its subsidiaries fail to perform the obligations determined in the effective legal documents, there is a risk that they will be added to the list of dishonest Executees.

2. According to the performance forecast of the company in 2021, the net profit of the company in 2021 is negative and the operating income is less than 100 million yuan. 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 remains to 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.

Huaxun Fangzhou Co.Ltd(000687) (hereinafter referred to as “the company”) learned through the inquiry of China executive information disclosure network on January 25, 2022 that part of the company’s subsidiaries were removed from the list of dishonest Executees. Now the specific situation is announced as follows:

1、 The situation of the person being removed from the dishonest execution this time

On July 21, 2021, the company disclosed the announcement on the inclusion of subsidiaries in dishonest Executees (Announcement No.: 2021-076): “the case of sales contract dispute between Nanjing xinhuitong Computer Technology Co., Ltd. and Nanjing Huaxun Fangzhou communication equipment Co., Ltd. (hereinafter referred to as” Nanjing Huaxun “) (case No. (2021) su0106 No. 841) In the case of the dispute over the entrusted development contract between softcom power information technology (Group) Co., Ltd. and Nanjing Huaxun Technology ((2021) su0106 No. 1095), Nanjing Huaxun was included in the list of dishonest Executees because the people’s Court of Gulou District of Nanjing held that Nanjing Huaxun refused to perform the obligations determined in the effective legal documents, and the total amount involved in the case was about 1648200 yuan. As of the date of this announcement, Nanjing Gulou District People’s court has removed Nanjing Huaxun from the record of dishonest Executees caused by the execution of the above cases. According to the verification of the company, the court has completed the execution of the above cases.

On August 25, 2021, the company disclosed the announcement on adding dishonest Executees to subsidiaries (Announcement No.: 2021-093): “for the labor dispute case between Lou Xinkun and 17 other people and Nanjing Huaxun (case No.: (2021) su0106 No. 3797, (2021) su0106 No. 3801, (2021) su0106 No. 2953, (2021) su0106 No. 1728, (2021) Su0106 executive No. 1991, (2021) su0106 executive No. 2949, (2021) su0106 executive No. 3391, (2021) su0106 executive No. 2932, (2021) su0106 executive No. 4036, (2021) su0106 executive No. 2942, (2021) su0106 executive No. 2524, (2021) su0106 executive No. 3368, (2021) su0106 executive No. 2948, (2021) su0106 executive No. 4034 (2021) Su 0106 No. 2956, (2021) Su 0106 No. 2120, (2021) Su 0106 No. 2566). Because the people’s Court of Gulou District of Nanjing held that Nanjing Huaxun violated the property reporting system, Nanjing Huaxun added 17 records to the list of dishonest Executees, involving a total amount of about 698400 yuan. As of the date of this announcement, in addition to the dishonesty records related to case No. (2021) Su 0106, 16 other dishonesty records have been removed by Nanjing Gulou District People’s court. According to the company’s verification, the above 17 cases have been executed by the court, and the subsequent company will continue to pay attention to the progress of removing the relevant dishonesty records of case No. (2021) su0106 and case No. 3797.

On September 25, 2021, the company disclosed the announcement on the addition of dishonest Executees in subsidiaries (Announcement No.: 2021-116): “for the labor dispute case between Han Qiang and Nanjing Huaxun (case No.: (2021) su0106 No. 6136, (2021) su0106 No. 6134, (2021) su0106 No. 6135, (2021) su0106 No. 5432, (2021) Su 0106 No. 6045, (2021) Su 0106 No. 6026). Because the people’s Court of Gulou District of Nanjing held that Nanjing Huaxun violated the property reporting system, Nanjing Huaxun added 6 records included in the list of dishonest Executees, involving an amount of about 351900 yuan. As of the date of this announcement, Nanjing Gulou District People’s court has removed Nanjing Huaxun from the record of dishonesty related to case No. (2021) su0106. According to the verification of the company, the court of case No. (2021) su0106 No. 5432 has completed the execution. 2、 Other situations and risk tips

Announcement on the company being included in the dishonest Executees (Announcement No.: 2021-007); Announcement on adding new dishonest Executees of the company on February 4, 2021 (Announcement No.: 2021-015); Announcement on partial removal of dishonest Executees of the company on March 23, 2021 (Announcement No.: 2021-030); Announcement on adding new dishonest Executees of the company on May 29, 2021 (Announcement No.: 2021-058); Announcement on adding new dishonest Executees of the company on July 1, 2021 (Announcement No.: 2021-067); Announcement on the inclusion of subsidiaries in dishonest Executees (Announcement No.: 2021-070) on July 13, 2021; Announcement on the inclusion of subsidiaries in dishonest Executees (Announcement No.: 2021-076) on July 21, 2021; Announcement on the inclusion of subsidiaries in dishonest Executees (Announcement No.: 2021-093) on August 25, 2021; Announcement on adding new dishonest Executees to subsidiaries (Announcement No.: 2021-102) on September 2, 2021; Announcement on partial removal of subsidiaries from dishonest Executees (Announcement No.: 2021-112) on September 16, 2021; Announcement on partial removal of dishonest Executees of the company on September 24, 2021 (Announcement No.: 2021-115); Announcement on adding new dishonest Executees to subsidiaries on September 25, 2021 (Announcement No.: 2021-116); Announcement on adding new dishonest Executees of the company on November 16, 2021 (Announcement No.: 2021-140); Announcement on adding new dishonest Executees to subsidiaries on November 18, 2021 (Announcement No.: 2021-142); Announcement on adding new dishonest Executees to subsidiaries (Announcement No.: 2021-143) on November 20, 2021; Announcement on adding new dishonest Executees to subsidiaries on November 25, 2021 (Announcement No.: 2021-145); Announcement on adding new dishonest Executees of the company on December 8, 2021 (Announcement No.: 2021-150); Announcement on adding new dishonest Executees of the company on December 16, 2021 (Announcement No.: 2021-157); Announcement on partial removal of subsidiaries from dishonest Executees (Announcement No.: 2021-162) on December 28, 2021.

The board of directors of the company will continue to pay attention to the progress of relevant matters and will perform the obligation of information disclosure in strict accordance with relevant laws and regulations such as the stock listing rules of Shenzhen Stock Exchange and the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange.

2. Because the company and some subsidiaries have other pending litigation (including unfinished execution), if the company fails to perform the obligations determined in the effective legal documents, there is a risk that it will be added to the list of dishonest Executees. Please pay attention to investment risks. For details, please refer to the following announcements disclosed by the company on cninfo.com: Announcement on major litigation (Announcement No.: 2020-028, 033 and 048) disclosed by the company on March 19, March 28 and April 22, 2020, announcement on cumulative litigation and arbitration cases (Announcement No.: 2020-085) disclosed by the company on June 17, 2020 Announcement on litigation progress of subsidiaries (Announcement No.: 2020-096) disclosed by the company on July 21, 2020, announcement on cumulative litigation and arbitration cases (Announcement No.: 2020-115) disclosed by the company on August 13, 2020, announcement on major litigation (Announcement No.: 2020-120) disclosed by the company on August 28, 2020 Announcement on litigation progress of subsidiaries (Announcement No.: 2020-124) disclosed by the company on September 3, 2020, announcement on litigation progress of the company (Announcement No.: 2020-131) disclosed by the company on September 26, 2020, announcement on litigation progress of the company (Announcement No.: 2020-132) disclosed by the company on October 13, 2020 Announcement on litigation and assets freezing of subsidiaries (Announcement No.: 2020-136) disclosed on October 22, 2020, announcement on major litigation (Announcement No.: 2020-142) disclosed by the company on November 3, 2020, announcement on litigation and assets freezing of subsidiaries (Announcement No.: 2020-143) disclosed by the company on November 11, 2020 Announcement on the progress of major litigation of the company (Announcement No.:

2020-150), announcement on the progress of major litigation of the company (Announcement No.: 2020-152) disclosed by the company on December 9, 2020, announcement on major litigation (Announcement No.: 2020-157) disclosed by the company on December 18, 2020, announcement on the progress of various litigation of the company (Announcement No.: 2021-001) disclosed by the company on January 6, 2021 The announcement on major litigation (Announcement No.: 2021-014) disclosed by the company on February 4, 2021, the announcement on the progress of the company involved in the litigation related to controlling shareholders (Announcement No.: 2021-020) disclosed by the company on March 4, 2021, and the announcement on major litigation (Announcement No.: 2021-025) disclosed by the company on March 19, 2021, Announcement on the progress of major litigation of the company (Announcement No.: 2021-026), announcement on major litigation disclosed by the company on March 23, 2021 (Announcement No.: 2021-029), announcement on the progress of various litigation of the company disclosed by the company on April 15, 2021 (Announcement No.: 2021-032) The announcement on the progress of major litigation of the company’s subsidiaries (Announcement No.: 2021-037) disclosed by the company on April 20, 2021, the announcement on the progress of major litigation of the company’s subsidiaries (Announcement No.: 2021-038) disclosed by the company on April 27, 2021, and the announcement on the progress of major litigation of the company’s subsidiaries (Announcement No.:

2021-059), announcement on major litigation (Announcement No.: 2021-064) disclosed by the company on June 19, 2021, announcement on litigation progress of the company (Announcement No.: 2021-075) disclosed by the company on July 21, 2021, announcement on litigation progress of the company (Announcement No.: 2021-078) disclosed by the company on July 30, 2021 The announcement on the progress of litigation involving the company (Announcement No.: 2021-089) disclosed by the company on August 19, 2021 and the announcement on the progress of litigation disclosed by the company on September 1, 2021

The company’s announcement on litigation progress (Announcement No.: 2021-100), the announcement on major litigation (Announcement No.: 2021-113) disclosed by the company on September 16, 2021, the announcement on litigation progress of the company (Announcement No.: 2021-114) disclosed by the company on September 24, 2021

- Advertisment -