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Announcement of Lake Electric Co., Ltd. on Receiving the Notice of Execution

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Stock code: 603355 Stock abbreviation: Lake Electric AnnouncementNo.: 2023-074

Convertible bond code: 113659 Convertible bond abbreviation: Lake Convertible Bond

Lake electric co.,frontline information ltd

Announcement on receipt of enforcement notice

The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and they shall be individually and jointly liable for the truthfulness, accuracy and completeness of its contents.

Important content tips:

● The arbitration stage of the case: the execution stage.

● Party status of the listed company: Lake Electric Co., Ltd. (hereinafter referred to as "the company" or "Lake Electric") is the executor.

● Execution amount: (1) RMB 332,200,289.34 and corresponding interest.

(2) RMB 399,600 yuan (execution fee)

● Will it have a negative impact on the profits and losses of listed companies?

(1) In November, 2020, based on the principle of prudence, the company has fully accrued the estimated liabilities of USD 40,342,030.97 according to the amount of the Hong Kong arbitration award, which is equivalent to RMB 265,369,879.72 (the exchange rate between USD and RMB is calculated according to the intermediate exchange rate of China People's Bank on November 26th, 2020), and the company conducts monthly exchange adjustment according to the intermediate exchange rate between USD and RMB of China People's Bank. Recalculate according to the intermediate exchange rate of USD and RMB of China People's Bank on December 31, 2022 (equivalent to RMB 280,966,108.89) and the intermediate exchange rate of USD and RMB of China People's Bank on September 30, 2023 (equivalent to RMB 289,647,713.96). For details, please refer to the Company's Announcement on Accrual of Estimated Liabilities (AnnouncementNo.: 2020-044), Lake Electric's 2022 Annual Report and Lake Electric's 2023 Third Quarter Report, which were disclosed on November 27, 2020, April 26, 2023 and October 28, 2023 respectively.

(2) The execution amount received this time is expected to reduce the company's net profit in 2023 by about 43,888,713.38 yuan, accounting for 4.47% of the company's audited net profit attributable to shareholders of listed companies in 2022. The specific accounting t

(3) In order to safeguard the rights and interests of listed companies and investors, the company will actively go all out through judicial channels to deal with Goldman Sachs (Asia)L.L.C (hereinafter referred to as "Goldman Sachs Asia") and Goldman Sachs International (hereinafter referred to as "Goldman Sachs International"), which were sent to Suzhou Intermediate People's Court on November 20, 2023 to submit additional applications: ① Adding Goldman Sachs International as: (2) Requesting to change and increase the joint liability for economic losses (totaling about RMB 391.12 million) is the trial of the defendant's tort litigation case, and it is proposed to file an application for execution objection to the Suzhou Intermediate People's Court (hereinafter referred to as "Suzhou Intermediate People's Court") for this execution.

On November 28th, 2023, the company received the Executive Ruling and the Executive Notice ([2023] Su 05 Zhi No.1473) electronically delivered by Suzhou Intermediate People's Court. The relevant matters are hereby announced as follows:

I. Basic information of this arbitration

(a) the parties to the case

Applicant: Goldman Sachs International.

Respondent: Lake Electric.

(2) Basic information of the case

At the beginning of February 2018, the staff of Goldman Sachs (Asia)L.L.C (hereinafter referred to as "Goldman Sachs Asia") went to the company (Suzhou headquarters) to introduce the derivative financial products of forward settlement and sale of foreign exchange to the company on the grounds of providing hedging strategies, and successively provided the company with relevant information such as "Enterprise Hedging Strategies".

On March 15th, 2018, based on avoiding and preventing exchange rate risks, Lake Hong Kong signed a framework master agreement with Goldman Sachs International on the forward settlement and sale of foreign exchange derivatives.

At the same time, according to the requirements of Goldman Sachs Asia, the company prepared corresponding materials for consulting the foreign exchange administration department for the approval and filing of the guarantee provided by the relevant companies. However, in the end, the Suzhou Administration of Foreign Exchange did not agree to put on record, and the transaction of derivative financial products of forward settlement and sale of foreign exchange failed to start. Since then, Goldman Sachs Asia has proposed a scheme of trading in the form of paying a deposit. Lake Hong Kong paid a deposit of US$ 2.5 million twice, and conducted forward settlement and sale of derivative financial products accordingly. Later, there was a dispute between the two parties during the performance, and Goldman Sachs International filed an arbitration application with the Hong Kong International Arbitration Center, with the case number of HKIAC/A19015. The company received the notice of arbitration in this case on January 22, 2019.

The company believes that: (1) there is no guarantee contract relationship between the company and Goldman Sachs International, and the Hong Kong International Arbitration Center has no jurisdiction over this case; (2) The Company shall not undertake any guarantee liability.

For the progress, differences and arbitration of the above-mentioned company's forward settlement and sale of derivative financial products, On November 1, 2018, April 27, 2019, January 22, 2020, November 27, 2020, April 22, 2021, May 20, 2021 and November 9, 2023, the company disclosed the Prompt Announcement on the Progress of Financial Derivatives Trading (AnnouncementNo.: 2018-003) Announcement of the Company on the Progress of Financial Derivatives Trading (AnnouncementNo.: 2019-017), Announcement of Lake Electric on the Arbitration of the Company and its Subsidiaries (AnnouncementNo.: 2020-002), Announcement of Lake Electric on the Arbitration Award of the Company and its Subsidiaries (AnnouncementNo.: 2020-041) and Announcement on the Progress of Lake Electric on the Arbitration Award of the Company in Hong Kong. The Progress Announcement of Lake Electric on the Company's Arbitration Award in Hong Kong (AnnouncementNo.: 2021-027) and the Progress Announcement of Lake Electric on the Company's Arbitration Award in Hong Kong (AnnouncementNo.: 2023-072).

Two, the main contents of the "executive ruling" and "notice of execution"

On November 28th, 2023, the Company received the Execution Ruling and the Execution Notice ([2023] Su 05 Zhi No.1473) electronically delivered by Suzhou Intermediate People's Court. The main contents are as follows:

(1) Executive Ruling ([2023] Su 05 Zhi No.1473)

Applicant executor: Goldman Sachs International, whose domicile is Lizishu Building, No.25 Xiexiang, London, United Kingdom of Great Britain and Northern Ireland.

Executed person: Lake Electric Co., Ltd., whose domicile is No.1 Xiangyang Road, Suzhou New District, Jiangsu Province, People's Republic of China (PRC).

In the case of applying for the Hong Kong arbitration award between the executor Goldman Sachs International and the executor Lake Electric Co., Ltd., the case (2021) Su 05 recognized Hong Kong No.1 civil ruling has taken legal effect. As the person subjected to execution, Lake Electric Co., Ltd., failed to fulfill the obligations specified in the legal documents, the obligee, Goldman Sachs International, applied to our court for execution, with the subject matter of the application being 332,200,289.34 yuan and the corresponding interest. According to the provisions of Articles 249, 250 and 251 of the Civil Procedure Law of People's Republic of China (PRC), the ruling is as follows:

1. Freeze and deduct the bank deposit of the executed person Lake Electric Co., Ltd. of RMB 332,200,289.34 and the corresponding interest.

2. Freeze and deduct the execution fee of the person subjected to execution of 399 yuan, 600 yuan.

3. If the number is insufficient, the property with corresponding value of the person subjected to execution shall be sealed up and frozen according to law.

This ruling shall be executed immediately.

(II) Notice of Implementation ([2023] Su 05 Zhi No.1473)

In the case of application executor Goldman Sachs International and your (unit) Hong Kong arbitration award, the civil ruling of (2021) Su 05 Recognition of Hong Kong No.1 has taken legal effect. The executor of the application, Goldman Sachs International, applied to our institute for enforcement on November 20th, 2023, and our institute filed a case for enforcement according to law on November 20th, 2023. In accordance with the provisions of Articles 247th and 260th of the Civil Procedure Law of People's Republic of China (PRC), you (the unit) are ordered to perform the following obligations immediately:

1. Pay RMB 332,200,289.34 and general debt interest to the executor Goldman Sachs International.

2. Pay interest (or deferred payment) on the debt during the period of delayed performance to the executor Goldman Sachs International.

3. Bear the case application execution fee of RMB 399,600.

Iii. The freezing of some funds and property of the company.

(I) The freezing of part of the company's funds

According to the above-mentioned Notice of Implementation, the company verified one by one that as of November 29, 2023, the details of the fund accounts of relevant bank accounts were frozen as follows:

(II) The freezing of part of the company's property.

According to the List of Property Preservation issued by Suzhou Intermediate People's Court on May 11, 2021 ([2021] Su 05 Zhi Bao No.261 and [2021] Su 05 Gui Gang No.1)), part of the company's property was frozen. For details of the frozen property, please refer to Lake Electric's Progress Announcement on the Company's Arbitration Award in Hong Kong disclosed on May 20, 2021 (AnnouncementNo.: 2021-

Iv. the impact of the implementation of this application on the company's current profit or future profit, etc.

(1) In November, 2020, based on the principle of prudence, the company has fully accrued the estimated liabilities of USD 40,342,030.97 according to the amount of the Hong Kong arbitration award, which is equivalent to RMB 265,369,879.72 (the exchange rate between USD and RMB is calculated according to the intermediate exchange rate of China People's Bank on November 26th, 2020), and the company conducts monthly exchange adjustment according to the intermediate exchange rate between USD and RMB of China People's Bank. Recalculate according to the intermediate exchange rate of USD and RMB of China People's Bank on December 31, 2022 (equivalent to RMB 280,966,108.89) and the intermediate exchange rate of USD and RMB of China People's Bank on September 30, 2023 (equivalent to RMB 289,647,713.96). For details, please refer to the Company's Announcement on Accrual of Estimated Liabilities (AnnouncementNo.: 2020-044), Lake Electric's 2022 Annual Report and Lake Electric's 2023 Third Quarter Report, which were disclosed on November 27, 2020, April 26, 2023 and October 28, 2023 respectively.

(2) The execution amount received this time is expected to reduce the company's net profit in 2023 by about 43,888,713.38 yuan, accounting for 4.47% of the company's audited net profit attributable to shareholders of listed companies in 2022. The specific accounting t

(3) In order to safeguard the rights and interests of listed companies and investors, the company will actively go all out to deal with Goldman Sachs Asia and Goldman Sachs International (sent to Suzhou Intermediate People's Court on November 20, 2023) to submit additional applications: ① add Goldman Sachs International as the defendant; (2) Requesting to change and increase the joint liability for economic losses (totaling about RMB 391.12 million) is the trial of the defendant's tort litigation case, and it is proposed to file an application for execution objection to the Suzhou Intermediate People's Court (hereinafter referred to as "Suzhou Intermediate People's Court") for this execution.

(4) The company will continue to pay attention to the progress of the above cases and fulfill its information disclosure obligations in a timely manner. Investors are requested to pay attention to investment risks.

V. Internet documents

1. Execution Ruling of Suzhou Intermediate People's Court of Jiangsu Province ([2023] Su 05 Zhi No.1473)

2. Notice of Implementation of Suzhou Intermediate People's Court of Jiangsu Province ([2023] Su 05 Zhi No.1473)

It is hereby announced.

Board of directors of Lake Electric Co., Ltd.

November 30, 2023

Stock code: 603355 Stock abbreviation: Lake Electric AnnouncementNo.: 2023-075

Convertible bond code: 113659 Convertible bond abbreviation: Lake Convertible Bond

Lake electric co., ltd

Announcement on the progress of litigation

The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and they shall be individually and jointly liable for the truthfulness, accuracy and completeness of its contents.

Important content tips:

● Progress:

(1) On November 20, 2023, an Application Form was sent to Suzhou Intermediate People's Court to add defendants, change and increase litigation requests;

(2) On November 28th, 2023, a summons was received from Suzhou Intermediate People's Court. (2019) The tort liability dispute case No.443 of Su 05 Republic of China will be heard at 13: 30 on December 8th, 2023;

(3) On November 28th, 2023, I received a notice from Suzhou Intermediate People's Court to change the members of the collegiate bench.

● The amount involved: RMB39,233,500.

● Whether it will have a negative impact on the profits and losses of listed companies: As the case has not yet been heard in court, it is currently impossible to judge the specific impact of the lawsuit announced in this announcement on the company's current profits or future profits. The company will fulfill its information disclosure obligations in a timely manner according to the progress of litigation.

First, the basic situation of litigation cases

Lake Electric Co., Ltd. (hereinafter referred to as the "Company") disclosed the Announcement on Cumulative Litigation on January 22, 2020 (AnnouncementNo.: 2020-001); Announcement on the progress of litigation (AnnouncementNo.: 2020-021) was disclosed on June 4, 2020; On July 14th, 2020, the Announcement on the Progress of Litigation (AnnouncementNo.: 2020-027) was disclosed; On November 17, 2023, the Announcement on the Progress of Litigation (AnnouncementNo.: 2023-073) was disclosed.

(2019) Su 05 No.443 Tort Liability Dispute in the Early Republic of China

1, the parties to the case

Plaintiff 1: Lake Electric Co., Ltd.

Plaintiff 2: Lake Electric Hong Kong Limited.

Defendant: Goldman Sachs (Asia)L.L.C)

2. Basic information of the case

At the beginning of February 2018, the staff of Goldman Sachs (Asia)L.L.C (hereinafter referred to as "Goldman Sachs Asia") visited the company (Suzhou headquarters) and introduced the derivative financial products of forward settlement and sale of foreign exchange to the company on the grounds of providing hedging strategy, and successively provided the company with relevant information such as "Enterprise Hedging Strategy".

The company believes that Goldman Sachs Asia violated the provisions of relevant laws and regulations when promoting products and providing consulting services, and there were serious illegal financial activities, and its infringement was the root cause of the plaintiff's corresponding losses.

3. Plaintiff's claim

(1) Request the defendant to compensate the plaintiff for the economic loss of USD 5,000,000.00 (calculated at the exchange rate of USD and RMB 1:6.8827, converted into RMB 34,413,500.00) and the principal of RMB 4,820,000;

(2) The litigation costs in this case shall be borne by the defendant.

4. Progress in the early stage of the case

(1) This litigation case has not yet been heard.

(2) The Intermediate People's Court of Suzhou City, Jiangsu Province (hereinafter referred to as "Suzhou Intermediate People's Court" or "Court of First Instance") issued a Civil Ruling, rejecting the objection raised by Goldman Sachs Asia to the jurisdiction of this case.

(3) The Jiangsu Higher People's Court (hereinafter referred to as "Jiangsu High Court") issued a Civil Ruling on the appeal filed by Goldman Sachs Asia against this case. After trial, the Jiangsu High Court held that: ① the people's court has jurisdiction over this case; The court of first instance has jurisdiction over this case; ③ The principle of forum non conveniens is not applicable to this case. Jiangsu High Court ruled that the appeal was dismissed and the original ruling was upheld. This ruling is final.

II. Progress of this litigation.

(2019) Progress of No.443 Tort Liability Dispute in Su 05 Republic of China

On November 28th, 2023, the company received the Summon and the Notice of Changing the Members of the Collegiate Panel ([2019] Su 05 Minchu No.443) sent by Suzhou Intermediate People's Court. The details are as follows:

(a) "summons"

Case number: (2019) Su 05 Minchu No.443

Cause of action: tort liability dispute

Summoned: Lake Electric Co., Ltd.

Cause of summons: hearing

Arrival time: 13: 30 pm on December 8, 2023.

Address: No.69 Jiuzhang Road, Suzhou Industrial Park, No.19F Ideal Innovation Building, Court 4 of our hospital.

(II) Notice on Changing the Members of the Collegiate Panel ([2019] Su 05 Minchu No.443)

Regarding the case of the tort liability dispute between Lake Electric Co., Ltd., Lake Electric Hong Kong Co., Ltd. and Goldman Sachs (Asia) Co., Ltd., due to the change of post personnel, it is necessary to change the composition of the collegial panel of this case, and it is decided that Gao Xiaogang will be the presiding judge, and a collegial panel will be formed with judge Cai Yanfang and judge Han Xiaoan for trial, with Cai Yanfang presiding over the case and clerk Zhang Yuhong taking the record.

(three) send additional defendants and change and increase litigation requests.

On November 20, 2023, the company sent the Suzhou Intermediate People's Court an "Application Form" for adding defendants and changing and adding litigation requests: ① adding Goldman Sachs International as the defendant; (2) The total joint liability for requesting change and increasing economic losses is about RMB 391.12 million.

Iii. the impact of this litigation on the company's current profit or future profit, etc.

In view of the fact that the case has not yet been heard in court, it is currently impossible to judge the specific impact of the litigation in this announcement on the company's current profits or future profits.

The company will fulfill its information disclosure obligations in a timely manner according to the progress of relevant litigation. Investors are advised to pay attention to investment risks.

Fourth, online documents

1. "People's Republic of China (PRC) Suzhou Intermediate People's Court Summon"

2. Notice of the Intermediate People's Court of Suzhou City, Jiangsu Province, People's Republic of China (PRC) on Changing the Members of the Collegiate Panel ([2019] Su 05 Minchu No.443)

It is hereby announced.

Board of directors of Lake Electric Co., Ltd.

November 30, 2023

Stock code: 688176 Securities abbreviation: Yahong Pharmaceutical AnnouncementNo.: 2023-032

Jiangsu yahong medical technology co., ltd

Announcement on voluntary disclosure of the acceptance of APL-1706 for the diagnosis and management of bladder cancer.

The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and they shall bear legal responsibilities for the truthfulness, accuracy and completeness of its contents according to law.

Important content tip:

1. Jiangsu Yahong Pharmaceutical Technology Co., Ltd. (hereinafter referred to as "the company") recently received the Notice of Acceptance approved and issued by National Medical Products Administration (NMPA), and the listing application (NDA) of APL-1706 (common name: hexyl aminolevulinic acid hydrochloride for perfusion) for diagnosis and management of bladder cancer was accepted.

2. After the listing application is accepted, it still needs to go through the review, on-site inspection of drug clinical trials, on-site inspection and approval of drug production, etc. Whether the above products can be successfully listed and when they are listed is uncertain, and whether the products can finally achieve commercial purposes after being approved is also uncertain. The acceptance of the listing application of the above products will not have a significant impact on the company's recent performance. Investors are requested to make careful decisions and pay attention to preventing investment risks. The company will fulfill its information disclosure obligations in a timely manner in strict accordance with relevant regulations on the follow-up research and development progress of the project.

First, the basic situation of drugs

Drug name: Hexyl aminolevulinic acid hydrochloride for perfusion.

Application: Registration and marketing license for drugs produced overseas.

Applicant: Photocure ASA;; Jiangsu yahong medical technology co., ltd

Acceptance number: JXHS2300108

Examination conclusion: According to the provisions of Article 32 of the Administrative Licensing Law of People's Republic of China (PRC), it is decided to accept it after examination.

Second, the drug-related situation

APL-1706 is the only approved contrast agent for the diagnosis or operation of bladder cancer in the world. The combined use of APL-1706 and blue light cystoscope can effectively improve the detection rate of bladder cancer (especially the detection rate of CIS), make the surgical resection more complete, and thus reduce the tumor recurrence rate.

The multicenter phase III clinical trial of APL-1706 for the diagnosis of bladder cancer (hereinafter referred to as "this study") is a prospective and self-controlled multicenter phase III clinical trial comparing the detection rate of bladder cancer by APL-1706 combined with BLC (blue light cystoscopy) and WLC (white light cystoscopy). The main end point was the proportion of subjects with one or more bladder cancer lesions (Ta, T1 and CIS stages) detected by APL-1706 combined with blue light cystoscopy compared with standard white light cystoscopy.

A total of 158 patients were included in this study, 37 patients were training cases, 6 patients were randomly assigned to the standard white light cystoscopy control group, 1 patient dropped out, and the remaining 114 patients formed a full analysis set (FAS). In 97 patients with Ta, T1 and CIS (mFAS), compared with standard white light cystoscopy (WLC), 42 patients (43.3%) had one or more extra bladder cancer lesions detected by APL-1706 combined with blue light cystoscopy (BLC) (P < 0.0001). Among 114 patients, 13 patients (11.4%, 13/114) had CIS lesions, of which 11 patients (84.6%, 11/13) had one or more additional CIS lesions that were not found in BLC. This study confirmed that APL-1706 combined with BLC was superior to WLC in the detection of bladder cancer, especially CIS, and it was well tolerated.

Third, risk warning

Pharmaceutical products have the characteristics of high technology, high risk and high added value. The early research and development of drugs and the period from research and development, clinical trial approval to production are long, which are easily affected by many factors such as technology, approval and policy. There are many uncertainties in the progress and results of clinical trials and the future market competition situation of products. At present, after the marketing application of the above-mentioned products is accepted, it still needs to go through review, on-site inspection of drug clinical trials, on-site inspection and approval of drug production, etc. Whether the above-mentioned products can be successfully marketed and when they are listed is uncertain, and whether the products can finally achieve their commercial purposes after being approved is also uncertain.

The acceptance of the listing application of the above products will not have a significant impact on the company's recent performance. Investors are requested to make careful decisions and pay attention to preventing investment risks. The company will actively promote the above-mentioned R&D projects, and fulfill the obligation of information disclosure on the subsequent R&D progress of the projects in strict accordance with relevant regulations, and make disclosure on the website of Shanghai Stock Exchange and the disclosure media designated by the company.

It is hereby announced.

Board of Directors of Jiangsu Yahong Pharmaceutical Technology Co., Ltd.

November 30, 2023

Stock code: 603388 Securities abbreviation: Yuancheng Shares AnnouncementNo.: 2023-073

Yuancheng environment co., ltd

Announcement of abnormal fluctuations in stock trading

The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibilities for the authenticity, accuracy and completeness of its contents.

Important content tip:

● The deviation of daily closing price of shares of Yuancheng Environment Co., Ltd. (hereinafter referred to as "the Company" and "Yuancheng Shares") for three consecutive trading days on November 27th, 28th and 29th, 2023 has exceeded 20%, which belongs to the abnormal fluctuation of stock trading as stipulated in the Trading Rules of Shanghai Stock Exchange.

● According to the relevant valuation data of China Securities Index Co., Ltd., as of the close of November 29, 2023, the latest static P/E ratio of the e-construction industry under the CSRC is 7.25 times, the latest P/E ratio of the company is a loss, and the industry P/B ratio is 0.68 times. The latest P/B ratio of the company is 2.58 times, which is higher than the P/B ratio of the same industry. The company invites investors to pay attention to the transaction risks in the secondary market, make rational decisions and invest prudently.

● During the abnormal fluctuation of the company's stock, there is a risk of high equity change of the director. The company invites investors to pay attention to the transaction risks in the secondary market, make rational decisions and invest prudently.

First, the specific situation of abnormal fluctuations in stock trading

The deviation of the daily closing price increase of the company's shares in three consecutive trading days on November 27th, 28th, 29th, 2023 has exceeded 20%, which belongs to the abnormal fluctuation of stock trading stipulated in the Trading Rules of Shanghai Stock Exchange.

II. Relevant information that the company pays attention to and verifies.

In view of the abnormal fluctuation of the company's stock trading, the company conducted self-examination and verification on relevant matters, and wrote to the controlling shareholder and actual controller of the company. The relevant information is now explained as follows:

(1) Operating conditions

At present, the company's production and operation activities are normal, the market environment and industry policies have not been significantly adjusted, the production cost and sales have not fluctuated greatly, and the internal production and operation order is normal.

(2) Information on major issues

After the company's self-examination and written inquiry and verification to the controlling shareholder and actual controller of the company, as of the disclosure date of this announcement, there are no major issues affecting the abnormal fluctuation of the company's stock trading price; There is no major information involving listed companies that should be disclosed but not disclosed, including but not limited to major asset restructuring, acquisition, debt restructuring, business restructuring, asset divestiture, asset injection, bankruptcy restructuring, major business cooperation, introduction of strategic investors and other major matters.

(three) media reports, market rumors, hot concepts

After the company's self-examination, it was not found that the public media recently reported undisclosed major information or market rumors, hot concepts, etc., which may or have had a great impact on the company's stock trading price.

(4) Other stock price sensitive information.

Upon verification by the company, Mr. Zhou Jinhai, the director and senior manager of the company, changed his equity by way of block trading on November 28th, 2023 -800,000 shares, with an average transaction price of 9.65 yuan.

Third, the relevant risk warning

(A) the secondary market transaction risk

On November 27th, 2023, November 28th, 2023 and November 29th, 2023, the deviation of the daily closing price of the company's stock increased by more than 20%, and the turnover rate accumulated by 59.25% in three consecutive trading days. According to the relevant valuation data of CSI Index Co., Ltd., as of the close of November 29, 2023, the latest static P/E ratio of E-construction industry, which belongs to the CSRC, is 7.25 times, the latest P/E ratio of the company is a loss, the industry P/B ratio is 0.68 times, and the latest P/B ratio of the company is 2.58 times, which is higher than the P/B ratio of the same industry. The company invites investors to pay attention to the transaction risks in the secondary market, make rational decisions and invest prudently.

(B) Production and operation risks

In the first three quarters of 2023, the company realized an operating income of 283,388,900 yuan, a decrease of 15.59% compared with the same period of last year; The net profit attributable to shareholders of listed companies was 257,700 yuan, a decrease of 99.22% over the same period of last year; The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was-10,414,200 yuan, down 137.02% from the same period of last year.

(C) major shareholder pledge risk

Up to now, the controlling shareholder Mr. Zhu Changren directly holds 61,875,520 shares of listed companies, accounting for 19.00% of the company's total share capital. The controlling shareholder and its concerted action (Hangzhou Beijia Investment Co., Ltd.) hold a total of 86,538,020 shares of the listed company, accounting for 26.57% of the company's total share capital. The cumulative pledge number of shares of the listed company held by the controlling shareholder (including this time) is 61,450,000 shares, accounting for 71.01% of the total shares held by the controlling shareholder and its concerted action, accounting for 18.5% of the company's total shares.

Zhu Changren, the controlling shareholder of the company, pledged the company's shares due to the needs of daily operation, and his credit standing is good, and he has the corresponding ability to repay funds, and the pledge risk is within the controllable range. It will not lead to the change of the actual control right of the company, and will not have an adverse impact on production and operation, corporate governance and other aspects.

(IV) The information disclosure media designated by other companies are china securities journal, shanghai securities news, Securities Times and the website of Shanghai Stock Exchange (http://www.sse.com.cn). The information about the company is subject to the information disclosed by the company in the above-mentioned designated media. Investors are requested to pay attention to relevant announcements and investment risks.

IV. Statement of the Board of Directors and Commitments of Relevant Parties

The board of directors of the company confirmed that the company did not have any matters that should be disclosed but not disclosed according to the Stock Listing Rules and other relevant provisions, or plans, discussions, intentions and agreements related to such matters, and the board of directors was not informed of any information that should be disclosed but not disclosed according to the Stock Listing Rules and other relevant provisions, which may have a great impact on the trading price of the company's shares and its derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.

It is hereby announced.

Board of Directors of Yuancheng Environment Co., Ltd.