Xinhua Jin (600735): There Are Still Major Uncertainties In The Planning Of Asset Acquisition

Shandong Xinhua Jin International Co., Ltd

Announcement on abnormal fluctuation of stock trading

Important content tips:

　　? Shandong Xinhua Jin International Co., Ltd. (hereinafter referred to as "the company") shares closed on May 10, May 11, and May 12, 2021 for three consecutive trading days. The deviation value of the closing price increase reached 20%. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to the abnormal fluctuation of stock trading.

　　? The company plans to plan asset acquisition and non-public offering of shares. After self-examination and verification with the company's controlling shareholders and actual controllers, as of the disclosure date of this announcement, it is confirmed that there is no other material information that should be disclosed but not disclosed except for the planning of asset acquisition and non-public offering of shares.

　　? The company invites investors to pay attention to the secondary market transaction risk, rational decision-making and prudent investment.

I. specific conditions of abnormal fluctuations in stock trading

The deviation value of the daily closing price increase of the company's shares in three consecutive trading days on May 10, May 11 and May 12, 2021 reaches 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

In view of the abnormal fluctuation of the company's stock trading, the company has verified the relevant matters. The relevant information is as follows:

(1) production and operation. Recently, the company's production and operation situation is normal, and the internal and external business environment has not changed significantly.

(2) major events. The company plans to plan asset acquisition and non-public offering of shares. The relevant issues are still in the preliminary planning stage, and there are still major uncertainties, For details, please refer to announcement on asset acquisition (Announcement No.: 2021-009) and suggestive announcement on planning non-public Development Bank shares (Announcement No.: 2021-010) published on the designated information disclosure media on April 17, 2021. In addition to the above matters, verified by the company and the controlling shareholder Shandong Lujin import and Export Group Co., Ltd. and the actual controller, Mr. Zhang Jianhua, the controlling shareholder and the actual controller have no other material assets reorganization, debt restructuring, business reorganization, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, etc Major business cooperation

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.

Major issues such as the introduction of strategic investors or major issues in the planning stage. As of the disclosure date of this announcement, the asset acquisition and non-public offering of shares disclosed previously have not changed, and there is no other major information that should be disclosed but not disclosed.

(3) media reports, market rumors and hot concepts. The company has not found any unpublished major information that may or has had a significant impact on the stock trading price of the company recently reported by the public media.

(4) other stock price sensitive information. The company has not found any other unpublished material information that may or has had a significant impact on the stock trading price of the company. The company does not violate the fair disclosure of information.

3、 Related risk tips

(1) transaction risk in secondary market. The deviation of daily closing price of the company's shares in three consecutive trading days, i.e. May 10, May 11 and May 12, 2021, reaches 20%, with a large fluctuation range. Please pay attention to the trading risks in the secondary market, make rational decisions and invest prudently.

(2) production and operation risks. As of the disclosure date of this announcement, the company's production and operation are normal, and the daily operation and external environment have not changed significantly. The company disclosed the annual report 2020 and the first quarter report of 2021 on April 29 and 30, 2021, respectively. In addition to the above-mentioned company is planning asset acquisition and non-public offering of shares, there are no matters that should be disclosed but not disclosed according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange, or the planning, negotiation, intention, agreement related to the matter, and the information that has a great impact on the trading price of the company's shares.

(3) as of May 12, 2021, the rolling P / E ratio of the company is 65.74 times, and the P / B ratio is 3.05 times; According to the industry P / E ratio and P / B ratio of China Securities Regulatory Commission (CSRC) released on the official website of China Securities Index Co., Ltd., the rolling P / E ratio of the industry "C19 leather, fur, feather and its products and shoe making industry" is 43.85 times and 4.69 times respectively. The company reminds investors to pay attention to investment risks.

IV. statement of the board of directors and commitment of relevant parties

The board of directors of the company confirmed that, as of the date of disclosure of this announcement, except for the above-mentioned company's planning of asset acquisition and non-public offering of shares, the company has no matters that should be disclosed but not disclosed in accordance with the relevant provisions of the Listing Rules of Shanghai Stock Exchange, or the planning and intention related to such matters; There is no change in the asset acquisition and non-public offering of shares disclosed in the previous time, and there is no other major information that should be disclosed but not disclosed. The board of directors has not been informed of the information that should be disclosed but not disclosed in accordance with the relevant provisions such as the Listing Rules of Shanghai Stock Exchange, which may have a great impact on the trading prices of the company's stocks and their derivatives.

The company solemnly reminds investors that the information about the company is based on the website of Shanghai Stock Exchange（ www.sse.com.cn ）According to the announcement published by the legal information disclosure media "Shanghai Securities News", please invest rationally and pay attention to the investment risks.

It is hereby announced.

Shandong Xinhua Jin International Co., Ltd

Board of directors 13 may 2021