000687SZSE

Notice on Judicial Auction of Shares Held by Controlling Shareholder of Huaxun Ark Co., Ltd.

Huaxun Technology Co., Ltd.··4 pages

✨ AI Summary

Huaxun Ark Co., Ltd. announces that 125,695,802 shares held by its controlling shareholder, Huaxun Ark Technology Co., Ltd., will be publicly auctioned due to judicial enforcement. This represents 55.69% of Huaxun Technology's holdings and 16.41% of the company's total shares. The auction is scheduled from June 13 to June 14, 2022, and may lead to a change in the controlling shareholder. Investors are advised to pay attention to the associated risks.

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Full Translation

AI Translation· azure_openai

Huaxun Ark Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

Special Risk Warning:

  1. Due to the negative audited net profit for the year 2020 and operating income below 100 million yuan, the Company’s annual financial report for 2020 received an audit report with no opinion expressed, resulting in a delisting risk warning for the Company’s stock. According to the Company’s "2021 Annual Report" and the audit report issued by Shenzhen Xutai Accounting Firm (General Partnership), the audited net profit for 2021 was also negative, with operating income below 100 million yuan, and the audited net assets at the end of 2021 were negative. The Company has reached the conditions for termination of listing as stipulated in Article 9.3.11 of the "Stock Listing Rules (2022 Revision)." The Company received a "Preliminary Notice" from the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") on April 28, 2022, regarding the proposed termination of the Company’s stock listing (Company Department Letter [2022] No. 138). The SZSE will make a decision on the termination of the Company’s stock listing in accordance with Article 9.3.14 of the "Stock Listing Rules (2022 Revision)." Investors are advised to pay attention to the Company’s announcements and be aware of investment risks.

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