OVERSEAS REGULATORY ANNOUNCEMENT

Transcription

1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. OVERSEAS REGULATORY ANNOUNCEMENT This announcement is made by IRICO Group Electronics Company Limited* (the Company ) pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Pursuant to the Rules Governing the Disclosure of Information of A-Share Listed Companies, IRICO Display Devices Co., Ltd.*, a subsidiary of the Company, with its A shares listed on the Shanghai Stock Exchange, published the Announcement of IRICO Display Devices Co., Ltd.* on Cancellation of the Delisting Risk Warning on the Shares of the Company and the Announcement of IRICO Display Devices Co., Ltd.* on Resumption of Trading in Shares, both dated 12 March 2014 on the website of the Shanghai Stock Exchange ( The aforementioned announcements are set out below for reference only. 1

2 By order of the Board IRICO Group Electronics Company Limited* Chu Xiaohang Company Secretary Shaanxi Province, the People s Republic of China 12 March 2014 As at the date of this announcement, the board of directors of the Company consists of Mr. Guo Mengquan and Mr. Zhang Junhua as executive directors of the Company, Mr. Si Yuncong, Mr. Huang Mingyan and Mr. Jiang Ahe as non-executive directors of the Company, and Mr. Xu Xinzhong, Mr. Feng Bing, Mr. Wang Jialu and Mr. Wang Zhicheng as independent non-executive directors of the Company. * For identification purposes only 2

3 Stock code: Stock Name: *ST IRICO No.: Lin IRICO DISPLAY DEVICES CO., LTD.* ANNOUNCEMENT ON CANCELLATION OF THE DELISTING RISK WARNING ON THE SHARES OF THE COMPANY The board of directors and all directors of IRICO Display Devices Co., Ltd.* (the Company ) warrant that there are no false representations, misleading statement contained in, or material omissions from, this announcement, and jointly and severally accept responsibility for the truthfulness, accuracy and completeness of the contents in this announcement. Important Notice: The commencement date of the cancellation of delisting risk warning: 14 March Stock name, stock code and the limitation on daily stock price fluctuation after the cancellation of the delisting risk warning: after the cancellation of the delisting risk warning, the stock name of the Company will be changed from *ST IRICO to IRICO, stock code of will remain unchanged, and the limitation on daily stock price fluctuation will be changed from 5% to 10%. Shinewing Certified Public Accountants issued an unqualified auditor s report with an emphasis of matters on the financial statements for 2013 of the Company. The Board and Supervisory Committee of the Company provided detailed explanations on the relevant issue, and investors are advised to read it. The Company s net profit deducting the non-recurring profit and loss is negative. Investors are reminded to consider the risks involved and make rational investments. 3

4 I. SHARES CLASSIFICATION, STOCK NAME, STOCK CODE AND THE COMMENCEMENT DATE OF THE CANCELLATION OF DELISTING RISK WARNING (I) Shares classification and stock name The stock name of the Company s A shares will be changed from *ST IRICO to IRICO. (II) Stock code remains as (III) The commencement date of the cancellation of delisting risk warning: 14 March 2014 II. THE APPLICATION OF CANCELLATION OF DELISTING RISK WARNING As the Company continuously recorded audited net loss for the years of 2011 and 2012, special treatment of the delisting risk warning was implemented to the shares of the Company from 1 April 2013 pursuant to the relevant requirements of the Listing Rules of Shanghai Stock Exchange. The stock name was changed from IRICO to *ST IRICO. According to the audit conducted by Shinewing Certified Public Accountants LLP, as at 31 December 2013, the Company recorded the owners equity attributable to shareholders of the Company of RMB2,044,520,000, the revenues for 2013 of RMB239,599,000 and the net profit attributable to shareholders of the Company of RMB74,795,600. The 2013 annual report of the Company was published on China Securities Journal, Securities Times and the website of Shanghai Stock Exchange on 6 March

5 Pursuant to requirement of Rule of the Listing Rules of Shanghai Stock Exchange, in accordance with the audited 2013 annual report of the Company, factors including the net profit, net assets and operating income of the Company did not trigger the conditions of the delisting risk warning or other situations defined in the rule, and did not exist other risk warning situations specified in the Rule , either. As considered and approved at the 22nd meeting of the seventh session of the Board of the Company, the Board of the Company believed that according to requirement of the Listing Rules of Shanghai Stock Exchange, the Company did not trigger the conditions of the delisting risk warning or other risk warnings. In view of the above reasons, the Company submitted the application for the cancellation of special treatment to the Company s shares for delisting risk warning to the Shanghai Stock Exchange on 5 March The trading in the Company s shares was suspended with effect from 6 March On 12 March 2014, Shanghai Stock Exchange approved the application for cancellation of delisting risk warning submitted by the Company. Pursuant to Rule of the Listing Rules of Shanghai Stock Exchange, the shares of the Company will continue to suspend trading for one day on 13 March III. HIGHLIGHTS OF ISSUES CONCERNING CANCELLATION OF DELISTING RISK WARNING The shares of the Company will resume trading on 14 March 2014 and the delisting risk warning will be cancelled. The stock name of the Company will be changed from *ST IRICO to IRICO, stock code of will remain unchanged, and the limitation on daily stock price fluctuation will be changed from 5% to 10%. After the cancellation of delisting risk warning, the shares of the Company will be traded out of the Risk Alert Board. 5

6 IV. OTHER RISK WARNINGS OR EVENTS NEED TO BE BROUGHT TO INVESTORS SPECIAL ATTENTION In 2013, the new business of LCD substrate of the Company gradually became stable, however, certain production lines remained at the stages of construction and trial operation, which did not reach our expected results of production and operation, while a loss from operation was recorded after deducting non-recurring profit and loss. Shinewing Certified Public Accountants LLP, the auditor hired by the Company issued an unqualified auditor s report with an emphasis of matter on the financial statements for 2013 of the Company. The Board and Supervisory Committee of the Company provided detailed explanations on such issue, and investors are advised to read relevant contents. China Securities Journal, Securities Times and the website of Shanghai Stock Exchange ( are the designated media for information disclosure of the Company. Investors are reminded to consider the risks involved and make rational investments. Notice is hereby given. The Board of IRICO Display Devices Co., Ltd.* 12 March

7 Stock code: Stock Name: *ST IRICO No.: Lin IRICO DISPLAY DEVICES CO., LTD.* ANNOUNCEMENT ON RESUMPTION OF TRADING IN SHARES The board of directors and all directors of the Company warrant that there are no false representations, misleading statement contained in, or material omissions from, this announcement, and jointly and severally accept responsibility for the truthfulness, accuracy and completeness of the contents in this announcement. As the Company continuously recorded audited net loss in the audited net profit for the years of 2011 and 2012, special treatment of the delisting risk warning was implemented to the shares of the Company from 1 April 2013 pursuant to relevant requirements of the Listing Rules of the Shanghai Stock Exchange. The stock name was changed from IRICO to *ST IRICO. The 2013 annual report of the Company was published on China Securities Journal, Securities Times and the website of the Shanghai Stock Exchange on 6 March According to the audit conducted by Shinewing Certified Public Accountants LLP, as at 31 December 2013, the Company recorded the owners equity attributable to shareholders of the Company of RMB2,044,520,000, the revenue of RMB239,599,000 for 2013 and the net profit attributable to shareholders of the Company of RMB74,795,600. In accordance with the relevant requirements of the Listing Rules of the Shanghai Stock Exchange, the situations which trigger delisting risk warning and other risk warning regulated by the Listing Rules of the Shanghai Stock Exchange no longer exist with the Company. The Company submitted the application for the cancellation of special treatment to the Company s shares for delisting risk warning to the Shanghai Stock Exchange on 5 March Trading in the Company s shares have been suspended since 6 March The Shanghai Stock Exchange approved the application for cancellation of the delisting risk warning on 12 March Pursuant to Rule of the Listing Rules of the Shanghai Stock Exchange, the trading in the Company s shares was continuously suspended on 13 March Trading in the Company s shares will be resumed and the delisting risk warning will be cancelled since 14 March Notice is hereby given. The Board of IRICO Display Devices Co., Ltd.* 12 March