Jiahua Energy (600273): Abnormal Volatility In Stock Trading

Stock Code: 600273 stock abbreviation: Jiahua energy No.: 2020-060

Zhejiang Jiahua Energy Chemical Co., Ltd

Announcement on abnormal fluctuation of 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 shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.

Important tips:

● the stock price of Zhejiang Jiahua energy and Chemical Co., Ltd. (hereinafter referred to as "the company" or "Jiahua energy") has a daily closing price deviation of more than 20% in three consecutive trading days on August 6, 7 and 10, 2020. According to the rules of Shanghai Stock Exchange, the fluctuation belongs to abnormal trading.

In the first half of 2020, the company realized a total operating revenue of 2.512 billion yuan, a decrease of 8.40% over the same period of last year; the net profit attributable to shareholders of listed companies was 555 million yuan, down 14.80% compared with the same period of last year (the above financial data have not been audited), mainly due to the logistics restriction during the epidemic period and the price decline of some downstream industries due to blocked export business. Please pay attention to the investment risk.

The actual controller of the company is suspected of manipulating the securities market, so the CSRC has decided to file a case for investigation. This case is a personal investigation of Mr. Guan Jianzhong. The company's production and operation activities are normal at present. The company will timely fulfill the obligation of information disclosure according to the investigation.

● in addition to the above matters, through the company's self-examination and inquiry of controlling shareholders and actual controllers, as of the disclosure date of this announcement, there is no material information that should be disclosed but not disclosed.

I. specific conditions of abnormal fluctuations in stock trading

On August 6, 7 and 10, 2020, the deviation value of daily closing price decrease of the company's stock price exceeds 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to the abnormal fluctuation of stock trading.

II. Relevant information concerned and verified by the company

(1) production and operation

According to the self inspection of the board of directors of the company, the company's current production and operation activities are normal, and the daily operation and external environment have not changed significantly.

(2) major events

As the actual controller of the company, Mr. Guan Jianzhong, is suspected of manipulating the securities market, China Securities Regulatory Commission has decided to file a case for investigation. For details, please refer to the announcement on the company's actual controller receiving the investigation notice of China Securities Regulatory Commission (Announcement No.: 2020-058) disclosed in the designated media on August 8, 2020. This case filing and investigation is aimed at Mr. Guan Jianzhong Investigate the normal production and operation of the company. On August 9, 2020, Mr. Guan Jianzhong applied to resign from the company's director, chairman, chairman of the strategy and Development Committee, member of the remuneration and appraisal committee and all positions of its subordinate holding subsidiaries for personal reasons. After resignation, he will no longer hold any post in the company and its subsidiary holding subsidiaries. For details, please refer to the "about the resignation of the chairman" disclosed by the company in the designated media on August 10, 2020 Announcement (Announcement No.: 2020-059).

In addition to the above-mentioned matters, through self-examination of the company and verification by written letter to the controlling shareholder and actual controller of the company, as of the disclosure date of this announcement, the controlling shareholder and actual controller of the company do not have any major events affecting the abnormal fluctuation of the company's stock transactions, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset divestiture and assets Major issues such as injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors, etc.

(3) media reports, market rumors and hot concepts

According to the company's self-examination, the company has not found any media reports or market rumors that need to be clarified or responded to, and the company has not involved in other hot market concepts.

(4) other stock price sensitive information

After verification by the company, the controlling shareholder of the company, Zhejiang Jiahua Group Co., Ltd. (hereinafter referred to as "Jiahua group") privately issued exchangeable corporate bonds (phase I) (hereinafter referred to as "19jia EB01") and (phase II) (hereinafter referred to as "19jia eb02") holders exchanged 11326 shares from July 27, 2020 to August 7, 2020, 689 shares, accounting for 0.79% of the total share capital of the company. As a result, the shares held by Jiahua group decreased from 602389604 shares to 591062915 shares, and the shareholding ratio decreased from 42.04% to 41.25%.

In addition to the reduction of shares held by Jiahua group due to the exchange of exchangeable corporate bonds, the company's controlling shareholders, actual controllers and persons acting in concert, directors, supervisors and senior managers of the company did not buy or sell the company's shares during the abnormal fluctuation period of the company's stock trading. The company has not found any other sensitive information that may have a greater impact on the stock price.

3、 Related risk tips

(1) transaction risk in secondary market

On August 6, 7 and 10, 2020, the deviation value of daily closing price decrease of the company's stock price exceeds 20%. The stock price fluctuates greatly. Please pay attention to the investment risk and invest rationally.

(2) production and operation risks

The company disclosed the semi annual report of 2020 on August 7, 2020. In the first half of 2020, the company realized a total operating income of 2.512 billion yuan, a decrease of 8.40% compared with the same period of last year; the net profit attributable to shareholders of listed companies was 555 million yuan, a decrease of 14.80% over the same period of last year (the above financial data were not audited), mainly due to the logistics restriction during the epidemic period and the export industry of some downstream industries of some products The failure of business led to a decline in prices. Please pay attention to the investment risk.

IV. statement and commitment of the board of directors

The board of directors of the company confirmed that up to now, the company has not disclosed any matters that should be disclosed according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange, or the planning, negotiation, intention, agreement, etc. related to the matter. The board of directors also has not learned that the company has disclosed but not disclosed the company's shares and Information that has a great impact on the transaction price of its derivatives.

5、 Other tips

Please refer to the website of China Securities Times and Shanghai Stock Exchange (www.sse) to disclose the above information.

It is hereby announced.

Board of directors of Zhejiang Jiahua Energy Chemical Co., Ltd

August 11, 2002

Stock Code: 600273 stock abbreviation: Jiahua energy No.: 2020-061

Zhejiang Jiahua Energy Chemical Co., Ltd

Announcement on resolutions of the 35th meeting of the 8th board of directors

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 shall bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents.

I. board meeting

The notice and information of the 35th meeting of the 8th board of directors of Zhejiang Jiahua energy and Chemical Co., Ltd. (hereinafter referred to as "the company" or "Jiahua energy") were sent by email on August 9, 2020. The meeting was held in the conference room of the company's office building at 12:30 on August 10, 2020 by means of on-site communication. The number of directors present at the meeting shall be eight, and the actual number shall be eight. The meeting was presided over by Mr. Qi Rong, vice chairman of the company, and explained the emergency situation of the temporary meeting of the board of directors. All supervisors, senior managers and lawyer Yang Xue, the perennial legal adviser of the company, attended the meeting as nonvoting delegates. The convening and holding of the meeting of the board of directors is in accordance with the relevant national laws and regulations and the provisions of the articles of association, and the resolution of the meeting is legal and effective.

II. Deliberation of board meeting

(1) deliberated and passed the proposal on the board of directors authorizing the directors and general manager of the company to perform the duties of chairman and legal representative on behalf of the board of directors

In view of Mr. Guan Jianzhong's resignation from the post of director, chairman, chairman of strategy and Development Committee and member of remuneration and assessment committee of the company for personal reasons, in order to better ensure the normal operation of the board of directors and the daily operation of the company, the board of directors authorized Mr. Wang Jianping, director and general manager of the company, to perform the duties of chairman and legal representative on behalf of the board of directors and sign important documents of the board of directors And other documents signed by the legal representative of the company until the new chairman of the board is elected.

The result was 0.

It is hereby announced.

Zhejiang Jiahua Energy Chemical Co., Ltd

Board of directors

August 11, 2002