Zhejiang Resources (600070): Abnormal Fluctuations In Stock Trading

Zhejiang Fu run Limited by Share Ltd announcements on abnormal fluctuations in stock trading

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:

Zhejiang Fu run Limited by Share Ltd stock (stock short: Zhejiang Fu run, stock code: 600070) in April 30, 2019, May 6, 2019, May 7, 2019, the closing price rise in the three consecutive trading days, the total deviation value has reached 20%. According to the relevant provisions of the Shanghai stock exchange rules, it belongs to abnormal fluctuations in stock trading.

After consulting the company and consulting the controlling shareholders and the actual controllers in writing, there is no significant information that should be disclosed and not disclosed as of the announcement date.

I. specific circumstances of abnormal fluctuations in stock pactions

The stock price of Zhejiang's Limited by Share Ltd (hereinafter referred to as "company") increased by 20% in the three consecutive trading days in April 30, 2019, May 6, 2019 and May 7, 2019. According to the rules of the Shanghai stock exchange, it belongs to the abnormal fluctuation of stock trading.

Two, the company concerned and verified the relevant situation.

(1) the company disclosed the 2018 annual report in 17. In April 2019, the company achieved operating income of 2 billion 767 million yuan, an increase of 43.57% compared with the same period last year, and realized a net profit of 217 million yuan attributable to shareholders of listed companies. Compared with the same period last year, the company increased 30.47%. In April 30, 2019, the company disclosed the first quarterly report in 2019. In the first quarter of 2019, the company achieved operating income of 726 million yuan, an increase of 53.38% compared with the same period last year, achieving a net profit of 173 million yuan attributable to shareholders of listed companies, an increase of 816.69% compared with the same period last year. The company's first quarter net profit increased substantially compared with the same period last year, mainly by the company's implementation of the new financial instruments standard.

(two) in April 18, 2019, the company disclosed the announcement of the company on the implementation of share repurchase, and the Company repurchased 15225386 shares in total, which will be used to implement the equity incentive plan.

(three) after the company's self-examination, the company's daily business activities are normal. In recent years, there has been no significant change in the company's business, business environment and industry policies, and there is no major contract being negotiated.

The company's investment in Zhuji Fuhua industrial pformation and upgrading fund partnership (limited partnership) is 20 million yuan, the shareholding ratio is 8.33%, and does not participate in investment decisions.

The company's indirect investment projects through the fund are less than 1%, and will not affect the company's performance. There is no new project that directly participates in the pformation and upgrading of the industry.

The rest of the equity investment of the company is relatively small, and the shareholding ratio is small, which will not have a significant impact on the company's business performance.

(four) self inspection by the company and written verification by the controlling shareholder and the actual controller of the company: as of now, there are no major issues affecting the abnormal fluctuation of the company's stock, and no major information such as major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping and asset injection.

(five) the company has not found any media reports or market rumors that need clarification or response; the company has not found any other major events that may have a greater impact on the company's share price; besides the information disclosed by the company, there are no other important information that should be disclosed and not disclosed.

There is no need to add or correct the information disclosed by the company in the early stage.

(six) after verification, the controlling shareholders, actual controllers, directors, supervisors and senior managers of the company did not buy and sell shares in the stock market during the abnormal fluctuations of stock pactions.

Three. Board statement and related party commitment

The board of directors of the company confirmed that, as of the date of this announcement, the company did not have any matters that should be disclosed and not disclosed in accordance with the relevant provisions of the stock listing rules, or the planning and intention related to such matters. The board of directors has not been informed of the information that should be disclosed in accordance with the relevant rules such as the Listing Rules of the stock market, and which may have a greater impact on the trading price of the company's stock and its derivatives.

Four, related risk tips

The company solemnly reminds investors: the company specifies the information disclosure media for China Securities Daily, Shanghai Securities Journal, securities times and Shanghai stock exchange website (www.sse.com.cn). The relevant information of the company is based on the information published in the above designated information disclosure media.

We invite investors to invest rationally and pay attention to investment risks.

Notice hereby.

Zhejiang, Limited by Share Ltd, May 8, 2019