Nanfang Shares (600250): Abnormal Fluctuations In Stock Trading

Nanjing textile import and export 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 transactions are in April 9, 2020, April 10, 2020 and April 13, 2020.

In the three trading days, the closing price of the closing price within a trading day is more than 20%. According to the relevant provisions of the Shanghai stock exchange rules, it belongs to the abnormal fluctuation of stock transactions.

After verification by the company and to the controlling shareholder and the actual controller, there is no reply until the date of the announcement.

Important information disclosed but not disclosed.

I. specific circumstances of abnormal fluctuations in stock transactions

The Nanjing textile import and export Limited by Share Ltd (hereinafter referred to as Nanfang shares or company) traded in April 9, 2020, April 10, 2020 and April 13, 2020 for three consecutive trading days. The closing price declines within a total of more than 20%. According to the relevant provisions of the Shanghai stock exchange rules, it belongs to abnormal fluctuations in stock trading.

Two, the company concerned and verified the relevant situation.

(1) production and operation

Since the outbreak of the outbreak, the company's production and operation have been affected by the company's own inspection. At present, the company has fully resumed its production and resumed production, and its internal production and operation order is normal.

(two) major events

Verified by the company and verified to the controlling shareholder and the actual controller, as of now, there is no significant information that should be disclosed and not disclosed by the company, controlling shareholder, Nanjing tourism Refco Group Ltd and the actual controller of Nanjing SASAC, which may have an impact on the company's stock price or affect the reasonable expectations of investors, including, but not limited to, major asset restructuring and stock issuance. Major issues such as takeover, debt restructuring, business restructuring, divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, and introduction of strategic investors.

(three) media coverage, market rumors and hot spot concept.

The company did not find any media reports or market rumors that might or have had an impact on the company's stock trading price, nor did it involve the concept of market hot spots.

(four) other stock price sensitive information

Verified by the company, during the abnormal fluctuations of stock transactions, directors, supervisors, senior managers, controlling shareholders and their concerted actions and other shareholders holding more than 5% of the company did not have the situation of buying and selling company stocks.

Three, related risk tips

In the absence of major changes in the fundamentals of the company, the deviation of the company's stock price in the past three trading days has accumulated over 20%, and the fluctuation range is relatively large. Flush data show that in April 9, 2020 the company's stock turnover reached 15.06%, trading volume of nearly 390 thousand hands, compared with the company's stock annual average situation, turnover significantly increased, volume significantly enlarged. The company reminded investors to pay attention to the two level market trading risk, prudent decision-making, rational investment.

Four. Board statement

The board of directors confirms that, apart from the public information disclosed, the company does not have any matters that should be disclosed and not disclosed in accordance with the relevant provisions of the Shanghai Stock Exchange listing rules or related matters such as planning, negotiation, intention, agreement, etc., and the board of directors has not been informed that the relevant provisions of the Shanghai Stock Exchange listing rules should not be disclosed. Information disclosed by the company that may have a greater impact on the price of the company's stock transaction does not need to be corrected or supplemented by the information disclosed by the company.

The company's designated information disclosure media are Shanghai Securities Daily, China Securities Journal and Shanghai stock exchange website (www.sse.com.cn). The information about the company is based on the information specified in the above designated media. We invite investors to invest rationally and pay attention to investment risks.

Notice hereby

The board of directors of Nanjing textiles import and export Limited by Share Ltd

April 14, 2020