Noble bird "broken wing" A shares.
On the evening of the 22nd, ST Noble issued an announcement on the termination and delisting of stocks, stating that the company received the Shanghai Stock Exchange's "Decision on the Termination of the Listing of Guirenniao Co., Ltd." on March 22, 2024, and the Shanghai Stock Exchange decided to terminate the company's stock listing.
The main content of the decision to terminate the listing is that from February 1, 2024 to March 7, 2024, the daily closing price of the company's shares for 20 consecutive trading days was lower than 1 yuan. The above situation belongs to the Shanghai Stock Exchange Stock Listing Rules (Revised in August 2023) "(hereinafter referred to as the" Stock Listing Rules ") Article 9.2.1 Paragraph 1 Item (I) of the termination of the listing of stocks.
According to the regulations, ST noble shares will not enter the delisting period of trading; the company's shares will be terminated and delisted on March 29, 2024.
On the same day, the Shanghai Stock Exchange issued a decision on the notification and criticism of the company and the responsible persons.
The Shanghai Stock Exchange pointed out that ST nobles have had daily related party transactions for many years in a row, involving a huge amount of money, failing to disclose the relevant related party transactions in a timely manner and performing the deliberation procedures of the board of directors and shareholders' meeting, and under the circumstances that the matter caused the company's financial report to be issued with qualified opinions, internal control to be issued with negative opinions, and the exchange urged and verified the disclosure, the relevant information was not truthfully disclosed, affecting investors' right to know.
In terms of responsible persons, Li Zhihua, the actual controller and then chairman and general manager of the company, was the main person in charge of the company, the specific person in charge of daily operation and management matters, and the first person in charge of information disclosure, and the then chief financial officer Zhou Wenfeng was the specific person in charge of the company's financial matters. Su Zhiqiang, then secretary of the board of directors, as the specific person in charge of the company's information disclosure matters, failed to perform due diligence and was responsible for the company.
The Shanghai Stock Exchange decided to criticize Guiren Bird Co., Ltd. and its actual controller and then chairman and general manager Li Zhihua, then chief financial officer Zhou Wenfeng, and then secretary of the board of directors Su Zhiqiang. For the above disciplinary action, the Shanghai Stock Exchange will notify the China Securities Regulatory Commission and record it in the integrity file of the listed company.
According to the company's official website, Noble Bird invested its own funds to set up a wholly-owned subsidiary, Shanghai Micheng Vegetable Trading Co., Ltd., which is the main body of Noble Bird's efforts in the grain trade business. After the successful reorganization, Noble Bird, a listed shoe and clothing company, opened the double-main business mode of "sports shoes and clothing grain trade.
Earlier, ST noble has announced the gradual withdrawal from the sports shoes business. On the evening of September 22, 2023, ST Noble issued an announcement on optimizing and adjusting the company's business operations, stating that in view of the decline in revenue and continuous losses of the sports shoes and apparel business since the judicial reorganization, and the increasingly fierce market competition, the company will conduct sports shoes and apparel business Optimize and adjust, according to the company's actual operating conditions, disposition of brand assets such as "Noble Bird" and "Prince" and other sports shoes and apparel-related assets through, but not limited to, licensing, sale, leasing, etc., and gradually withdraw from the sports shoes and apparel business.
The ST nobles, who are mired in the delisting crisis, are also experiencing frequent personnel changes. Wang Rong, director and deputy general manager, resigned for personal reasons on February 29, while Wang Ronggang took office on February 5 and served as general manager for only more than 20 days.
On February 5, ST Nobles announced that Li Zhihua, chairman and general manager, had recently submitted a written resignation application, applying to resign as general manager of the company for personal reasons, and then still served as chairman of the company. On January 13, Deputy General Manager Zhang Yi resigned for personal reasons. On December 22, 2023, director Lin Siping resigned for personal reasons.
In terms of performance, ST noble is expected to lose 0.485 billion yuan in 2023, while the net loss of 9.4137 million yuan in 2022 will expand by more than 50 times year-on-year.
ST said that in 2023, the macroeconomic situation is more severe, the effective market demand is insufficient, the company's grain industry and sports shoes and clothing industry market competition pressure is greater, business performance has been greatly affected.