Huaxun Ark Co., Ltd. and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Risk Warning:
Huaxun Ark Co., Ltd. (hereinafter referred to as "the Company") will have its stock delisted on the next trading day after the expiration of the delisting arrangement period. The stock will cease to be listed after 15 trading days in the delisting arrangement period, which starts on May 26, 2022, with the expected last trading date being June 16, 2022. As of June 2, 2022, the Company's stock has traded for 6 days, leaving 9 trading days remaining. Upon completion of the trading period, the stock will be delisted. Investors are advised to invest cautiously and be aware of risks.
On June 1, 2022, the Company received an "Execution Ruling" (2022) Su 0106 Zhi 3276 from the People's Court of Gulou District, Nanjing, sent by its subsidiary, Nanjing Huaxun Ark Communication Equipment Co., Ltd. (hereinafter referred to as "Nanjing Huaxun"). According to the ruling, due to a financial loan contract dispute between Zhejiang Merchants Bank Nanjing Branch (hereinafter referred to as "Zhejiang Merchants Bank Nanjing Branch") and Nanjing Huaxun, the court has seized and detained a batch of equipment from Nanjing Huaxun. The relevant situation is announced as follows: