002147SZSE

Progress Announcement on Signing of Settlement Agreement

Xinguang Retreat Co., Ltd.··3 pages

✨ AI Summary

This announcement details the progress of a settlement agreement signed on December 24, 2021, between Xinguang Yuancheng Co., Ltd. and its counterparties. Key decisions include the return of a deposit of RMB 1 billion, with RMB 64 million already repaid. The company continues to monitor the situation and urges investors to be aware of potential risks related to stock delisting.

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Full Translation

AI Translation· azure_openai

Xinguang Yuancheng 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, with no false records, misleading statements, or significant omissions.

Special Risk Warning: The Company's 2021 annual report disclosed on April 30, 2022, indicated that the financial accounting report for 2021 received a qualified audit opinion from the accounting firm, which touches upon the circumstances of stock delisting as per Article 9.3.11 of the Shenzhen Stock Exchange's "Stock Listing Rules (2022 Revision)." The Company received a "Pre-Notice" from the Shenzhen Stock Exchange (Company Department Letter [2022] No. 142) on May 4, 2022, and its stock was suspended from trading starting May 5, 2022. The Company's stock may be delisted, and investors are advised to pay attention to investment risks.

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