Shenda Shares (600626): Abnormal Fluctuations In Stock Pactions

Shanghai Shenda Limited by Share Ltd stock trading abnormal fluctuation announcement

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important note:

The company's stock price has risen to 20% on the three consecutive trading day.

The abnormal fluctuation of stock pactions stipulated by the rules of the Shanghai Stock Exchange.

The company has checked and asked the controlling shareholders and the actual controllers.

Great information about dew.

I. specific circumstances of abnormal fluctuations in stock pactions

The company's stock price in April 29, 2019, April 30th and May 6th closed three consecutive trading days, and the deviation value accumulated 20%, which belongs to the abnormal fluctuation of stock trading stipulated in the Shanghai stock exchange rules.

Two, the company concerned and verified the relevant situation.

In view of the abnormal fluctuation of the company's stock, the company checks itself and asks the controlling shareholder and the actual controller.

(1) no significant changes have taken place in the daily operation of the company.

The market environment or industry policy has not undergone significant adjustment, production costs and sales have not fluctuated significantly, and the internal production and operation order is normal.

(two) because the company sold 100% equity of Shanghai Sixth cotton textile mill Limited in the first quarter of 2019 and obtained an investment income of 688 million 88 thousand and 500 yuan (the final data after accounting firm audit), it is estimated that the accumulated net profit from the beginning of the first 2019 months to the next reporting period will increase by more than 50% compared with the same period last year.

The matter was disclosed in the first quarter report of 2019, which was disclosed in April 27, 2019.

The above investment gains are non recurring gains and losses, which are not sustainable and do not have a significant impact on the company's daily operations.

(three) there are no major issues such as mergers and acquisitions, stock issuance, debt restructuring, business restructuring, asset divestiture or asset injection.

(four) no media coverage or market rumor that may have significant impact on the price of the company's stock paction has been found.

(five) after verification, the controlling shareholders and directors, supervisors and senior managers of the company did not buy or sell shares of the company during the stock price movements.

Three. Board statement and related party commitment

The board of directors of the company confirmed that (except for the disclosure of the second parts mentioned above), the company did not have any matters to disclose or not disclosed in accordance with the relevant provisions of the stock listing rules, or the planning and intention related to those matters. The board also did not know the information that should be disclosed and not disclosed to the stock price and the trading price of the derived varieties according to the relevant provisions of the stock listing rules.

Four, related risk tips

The information disclosure newspaper designated by the company is the information disclosure website designated by China Securities Journal as the www.sse.com.cn website of Shanghai stock exchange.

All information of the company is based on the bulletins published in the above designated newspapers and websites.

We invite investors to pay attention to investment risk.

Notice hereby.

Shanghai Shenda Limited by Share Ltd board of directors

May 7, 2019