Important Notice
Sansheng Smart Education Technology Co., Ltd. (hereinafter referred to as "the Company") has had its stock trading subject to other risk warnings since May 31, 2022. For details, please refer to the announcement titled "Notice on the Implementation of Other Risk Warnings for Company Stock Trading and Stock Suspension" published on May 28, 2022, on the information disclosure website designated by the China Securities Regulatory Commission (Announcement No. 2022-026).
According to Article 9.8 of the "Shenzhen Stock Exchange GEM Listing Rules" (hereinafter referred to as "Listing Rules"), the Company must disclose progress announcements at least once a month until the relevant circumstances are resolved. As of October 24, 2022, a total of 1 billion yuan in time deposits has been released from pledge, and all guarantee responsibilities and risks have been eliminated. This violation of guarantees has not caused any substantial economic losses to the Company.
Main Reasons for Implementing Other Risk Warnings
The Company was involved in violations related to external guarantees. For specific details, please refer to the announcements published on April 28 and 29, 2022, regarding the existence of violations related to external guarantees (Announcement No. 2022-010, 2022-024), the announcement on May 28, 2022, regarding the implementation of other risk warnings (Announcement No. 2022-026), and subsequent progress announcements.
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Company’s Violations and Guarantee Situations
- Funds Occupation Situation
During the period from February to September 2022, there were instances of related parties occupying the Company's funds through its subsidiary, Guangdong Sansheng Smart Education Technology Investment Co., Ltd. The details are as follows:- In February 2022, Fuzhou Shengbaiwei Trading Co., Ltd. occupied 154 million yuan, which was returned in March 2022.
- In April 2022, Zhuhai Yifuli Trading Co., Ltd. occupied 211 million yuan, which was returned in June 2022.
- In July 2022, Fuzhou Shengbaiwei Trading Co., Ltd. occupied 211 million yuan, which was returned by the end of September 2022.
As of September 30, 2022, all the above-mentioned funds have been returned.