300156SZSE

Risk Warning Announcement Regarding Company Project Suspension

Shenwu Retreat Co., Ltd.·June 4, 2020·2 pages

✨ AI Summary

This announcement informs stakeholders about the suspension of key projects due to financial constraints and delayed financing. The company is facing cash shortages, overdue debts, and frozen bank accounts, leading to significant losses. The board is implementing measures to alleviate liquidity issues and expedite project resumption. Compliance with disclosure obligations will be maintained as per regulations.

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Full Translation

AI Translation· azure_openai

Securities Code: 300156
Securities Abbreviation: Shenwu Environmental Protection
Announcement Number: 2020-067

Shenwu Environmental Protection Technology Co., Ltd. Risk Warning Announcement Regarding Company Project Suspension

The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

1. Project Suspension Situation

As of now, due to the company's financial difficulties and the project's financing progress not meeting expectations, key projects such as the Shengwo Project, Gangyuan Project, and Wuhai Project have all been suspended.

2. Impact on the Company

The suspension of the above projects has led to cash shortages, overdue debts, and frozen bank accounts, resulting in a significant decline in the company's performance and severe losses, which have greatly affected the company's production and operations.

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