Nanjing Red Sun Co.Ltd(000525) : Announcement on abnormal fluctuation and risk warning of stock trading

Securities code: 000525 securities abbreviation: St red sun Announcement No.: 2022-012 Nanjing Red Sun Co.Ltd(000525)

Announcement on abnormal fluctuation and risk warning of stock trading

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.

1、 Details of abnormal fluctuations in stock trading

Nanjing Red Sun Co.Ltd(000525) (hereinafter referred to as the “company”) (securities code: 000525, securities abbreviation: Nanjing Red Sun Co.Ltd(000525) ) the cumulative deviation of the closing price of the stock for three consecutive trading days (January 24, 2022, January 25, 2022 and January 26, 2022) exceeds 12%. According to the relevant regulations of Shenzhen Stock Exchange, it belongs to the abnormal fluctuation of stock trading.

2、 Description of the company’s concern and verification

In view of the abnormal fluctuation of the company’s stock trading, the board of directors of the company has verified the relevant matters of the company, the controlling shareholder and the actual controller. The relevant information is explained as follows:

1. At present, the company’s production and operation are normal, and there has been no significant change in the company’s operation and internal and external business environment in the near future.

2. The company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently.

3. Up to now, the company, the controlling shareholder and the actual controller have no major matters that should be disclosed but not disclosed about the company.

4. During the period of abnormal fluctuation of the company’s shares, the controlling shareholders and actual controllers of the company did not actively buy and sell the company’s shares.

3、 Whether there is a description of the information that should be disclosed but not disclosed

The board of directors of the company confirms that, except for the information disclosed by the company, the company has no undisclosed matters or planning, negotiation, intention, agreement, etc. related to the matters that should be disclosed in accordance with the relevant provisions of the stock listing rules of Shenzhen Stock Exchange (revised in 2020) (hereinafter referred to as the “Stock Listing Rules”); The board of directors has not learned that the company has other information that should be disclosed but not disclosed according to the relevant provisions of the stock listing rules and has a great impact on the stock trading price of the company.

4、 Risk tips

1. At present, the company’s financial data of 2021 is in the process of statistics. The company will issue the performance forecast of 2021 in accordance with the stock listing rules of Shenzhen Stock Exchange and other relevant regulations. The company’s undisclosed regular performance information is not provided to other third parties except the accounting firm audited by the company.

2. The suggestive announcement on the controlling shareholder’s application for reorganization to the court (Announcement No.: 2021-048) disclosed by the company in the evening of June 1, 2021; On June 4, 2021, the company received the civil ruling “(2021) Su 0118 Po Shen No. 6” issued by Nanjing Gaochun District People’s Court on June 3, 2021 conveyed by Nanyi agricultural group. The court ruled to accept the reorganization application of Nanyi agricultural group. The court’s acceptance of the reorganization application of Nanyi agricultural group and the subsequent disposal of the reorganization may have an impact on the company’s equity structure and may also cause changes in the company’s actual control. 3. On April 30, 2021, the company disclosed the suggestive announcement on the implementation of other risk warnings on the company’s shares and the suspension of trading of the company’s shares. Due to the non operational occupation of the company’s funds by the company’s controlling shareholders and their related parties, it is expected that it can not be solved within one month; The company has an internal control audit report with a negative opinion issued by Lixin Zhonglian Certified Public Accountants (special general partnership) in 2020. According to the relevant provisions of the stock listing rules, the company’s shares touch other risk warning situations. Since the opening of the company’s stock market on May 6, 2021, other risk warnings have been implemented. The abbreviation of the company’s stock has been changed from “red sun” to ” Nanjing Red Sun Co.Ltd(000525) “, the stock code is still “000525”, and the daily rise and fall of stock trading is limited to 5%. As of January 5, 2021, the fund balance of the company occupied by Nanyi agricultural group and its related parties was 2952.3099 million yuan.

4. On July 6, 2020, the company received the notice of investigation (No.: huzhengzhuan investigation Zi No. 2020084) from the China Securities Regulatory Commission. Because the company is suspected of illegal information disclosure, the China Securities Regulatory Commission decided to file a case for investigation in accordance with the relevant provisions of the securities law. At present, the investigation work of the CSRC is still in progress, and the company has not received the concluding opinions or decisions of the CSRC on the above investigation matters. If relevant documents are received, the company will perform the obligation of information disclosure in time. According to the relevant provisions of the stock listing rules, if the company is subject to administrative punishment by the CSRC and the illegal act is a major illegal compulsory delisting, the company’s shares may be subject to the risk of delisting. At present, the production and operation of the company is normal. The company will continue to actively cooperate with the investigation of the CSRC and perform the obligation of information disclosure in accordance with relevant regulations.

5. The company solemnly reminds investors that the information disclosure media designated by the company are China Securities News, securities times and cninfo( http://www.cn.info.com.cn. )。 All information of the company shall be subject to the official announcement published by the company in the above designated media. The company will make timely information disclosure in strict accordance with the provisions and requirements of relevant laws and regulations, and invite investors to invest rationally and pay attention to investment risks.

It is hereby announced.

Nanjing Red Sun Co.Ltd(000525) board of directors

January 26, 2022

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