Anxin Trust

Anxin Trust < / p> On May 29, the suspension of trading for more than two months, Anxin Trust (* ST Anxin, 600816.SH) issued an announcement on the progress of the reorganization.

Anxin Trust stated in the announcement that during the suspension period, under the guidance of relevant departments, the company strictly promotes this event in strict accordance with the requirements of relevant laws, regulations and regulatory documents Various work to resolve major issues of risk, and actively carry out communication and consultation with relevant parties on the risk resolution plan.

Anxin Trust stated that the company is currently negotiating a reorganization plan with Shanghai Electric (Group) Corporation and other enterprises and related parties (hereinafter referred to as “restructuring party”). The reorganization party intends to implement the reorganization of the company under the principles of marketization and legalization, and is currently in the stage of due diligence and evaluation of the company’s assets and risks. Whether the reorganization can be reached will depend on the negotiation with the company’s controlling shareholders, creditors and other parties, and there are significant uncertainties.

According to relevant regulations, the shares of Anxin Trust will resume trading after the market opens on Monday, June 1st.

Anxin Trust also reminded investors in the announcement:

1. As of now, restructuring party Participation in risk resolution matters is only a preliminary intention and is not legally binding. The content of the reorganization plan, the signing and implementation of legal documents are all subject to significant uncertainty, and there is a significant risk that the reorganization plan cannot be reached .

2. The company is still in the stage of implementing delisting risk warning. Accountants issued a reserved opinion on the 2019 audit report. The relevant matters targeted by the above reserved opinion may have a significant adverse impact on the company’s continued operations and financial status.

On May 22, the Shanghai branch of China Registration and Clearing Co., Ltd. invested in Shanghai Guozhijie Investment Development Co., Ltd. in accordance with the Notice of Assistance in Freezing Property issued by Shanghai Public Security Bureau 18,130,819,43 shares of unrestricted circulating shares and 204,847,399 shares of restricted circulating shares held by the company (hereinafter referred to as “Guo Zhi Jie”) are given> Waiting for freezing . This matter leads to the risk that the restructuring plan cannot be implemented .