300372SZSE

Progress Announcement on the Special Fund for Advance Compensation for Fraudulent Issuance by Xintai Electric Co., Ltd.

Xintai Retreat Co., Ltd.··3 pages

✨ AI Summary

This announcement details the progress of the special fund established for advance compensation to investors affected by Xintai Electric's fraudulent issuance. As of July 12, 2017, 82.58% of eligible investors have submitted claims, accounting for 87.06% of the total compensation amount. The deadline for claims is July 28, 2017, with compensation payments starting on August 3, 2017.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Securities Code: 300372
Abbreviation: Xintai Electric
Announcement No.: 2017-049

Dandong Xintai Electric Co., Ltd. announces the progress regarding the special fund for advance compensation for fraudulent issuance. The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder:

  1. As of July 17, 2017, the company's stock trading has entered the delisting arrangement period. On the next trading day after the delisting period ends, the Shenzhen Stock Exchange will delist the company's stock. Investors are advised to be aware of risks and invest rationally.
  2. According to relevant regulations of the Shenzhen Stock Exchange, there is no re-listing system for the Growth Enterprise Market, and fraudulent issuance has characteristics of irreparable illegal behavior and unremovable impacts, which do not meet the requirements for re-listing. After delisting, the company's stock cannot be re-listed. Investors are advised to be aware of risks and invest cautiously.
  3. The company is currently facing operational difficulties and financial constraints, making it challenging to implement the share repurchase commitment stated in the prospectus for the initial public offering and listing on the Growth Enterprise Market. Investors are advised to be aware of risks and invest cautiously.
  4. The net asset value per share disclosed by the company reflects the net asset value per share shown in the company's financial records and may not represent the actual amount investors can obtain in the future. Investors are advised to distinguish carefully and invest cautiously.
  5. According to the compensation scope of the advance compensation fund established by Xinyang Securities, investors who purchased the company's stock during the delisting arrangement period are not eligible for compensation from the advance compensation fund for investment losses incurred. Investors are advised to be aware of risks and invest cautiously.
  6. The main ways for the company to accept investor inquiries are:
    (1) Investor interaction platform website: http://irm.p5w.net
    (2) Consultation phone: 0415-4139135

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.

Sign in to read moreSee Pro pricing