The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.
important hint:
●Starting date for withdrawing other risk warnings: June 27, 2022.
●The company’s stock will be suspended for one day on June 24, 2022, and will resume trading on June 27, 2022 and other risk warnings will be withdrawn.
●After revoking other risk warnings, the securities abbreviation of Yiwu Huading Nylon Co., Ltd. (hereinafter referred to as the “Company”) was changed from “ST Huading” to “Huading Co., Ltd.”, and the stock code “601113” remained unchanged. The price limit has been changed from 5% to 10%.
I. Stock type, abbreviation, stock code, and the starting date for withdrawing the risk warning
(1) Type of stock: A shares
(2) Stock abbreviation: “ST Huading”, the company’s securities, was changed to “Huading”;
(3) Securities code: 601113;
(4) The starting date for withdrawing the risk warning: June 27, 2022.
2. Applicable situations for revoking other risk warnings
On October 9, 2019, the company failed to solve the problem of capital occupation due to the controlling shareholder’s capital occupation and failed to solve the problem of capital occupation within 1 month from the commitment period. According to Article 13.4.1(5) of the Rules Governing the Listing of Stocks on the Shanghai Stock Exchange before the revision, “the company is occupied by the controlling shareholder and its related parties for non-operating purposes or provides external guarantees in violation of the prescribed decision-making procedures. The company’s stocks are subject to “other risk warnings” (see Announcement: 2019-071 for details).
Because the company’s 2020 internal control audit report was issued a negative opinion by an accountant, and the issue of capital occupation by the controlling shareholder has not been resolved, according to Article 13.9.1 (1) and (3) of the “Shanghai Stock Exchange Listing Rules” (revised in December 2020) ), “If a listed company has any of the following circumstances, the Exchange will issue other risk warnings to its shares: (1) The company’s controlling shareholder (or the largest shareholder if there is no controlling shareholder) and its related parties are not operating Occupied funds, the balance reached more than 5% of the absolute value of the latest audited net assets, or the amount exceeded 10 million yuan, and the repayment or rectification could not be completed within one month; or the company violated the prescribed decision-making procedures to provide external guarantees (guarantee objects are (excluding subsidiaries within the scope of the listed company’s consolidated statements), the balance of which is more than 5% of the absolute value of the latest audited net assets, or the amount exceeds 10 million yuan, and the repayment or rectification cannot be completed within one month; (3) The most recent The internal control of the fiscal year was issued an audit report with no opinion or negative opinion, or the internal control audit report was not disclosed in accordance with the regulations.” Since April 28, 2021, the company has continued to implement “other risk warnings” (see Announcement: 2021- 038).
The company has eliminated other risk warnings on the company’s stocks item by item in accordance with Article 9.8.1 of the “Stock Listing Rules of the Shanghai Stock Exchange”. The company’s circumstances involving other risk warnings have been eliminated, and other risk warnings have not been touched. On June 22, 2022, in accordance with the relevant provisions of Article 9.8.6 of the “Stock Listing Rules”, the company applied to the Shanghai Stock Exchange to withdraw other risk warnings implemented on the company’s stocks (see announcement: 2022-060 for details). On June 23, 2022, the Shanghai Stock Exchange agreed to withdraw the application for implementing other risk warnings on the company.
3. Reminders on Relevant Matters for Revocation of Risk Warnings
According to Article 9.8.9 of the “Shanghai Stock Exchange Listing Rules”, the company’s shares will be suspended for one day on June 24, 2022, and will resume trading on June 27, 2022 and withdraw other risk warnings. After the withdrawal of other risk warnings The daily rise and fall of the company’s stock price is limited to 10%, and the company’s securities abbreviation will be changed from “ST Huading” to “Huading Shares”. After the company’s stock has withdrawn other risk warnings, it will be transferred out of the risk warning board for trading.
4. Other risk warnings
After the company’s stock has withdrawn other risk warnings, the company’s operating conditions will not undergo major changes as a result. We may still face risks from the macro environment, industry policies, market changes, etc. Investors are advised to pay attention to investment risks.
The media designated by the company for information disclosure are “Shanghai Securities News”, “China Securities Journal”, “Securities Daily”, “Securities Times” and the website of the Shanghai Stock Exchange. allow.
Special announcement.
Yiwu Huading Nylon Co., Ltd. Board of Directors
June 24, 2022Return to Sohu, see more
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