The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of its contents.
Jiangsu Yabang Dyestuff Co., Ltd. (hereinafter referred to as the “Company”) issued the “Announcement of Yabang Co., Ltd. on the Temporary Suspension of Production of Subsidiaries and Branches” on May 8, 2019 (Announcement Number: 2019- 029), the company’s Lianyungang Branch, subsidiaries Huaer Chemical, and Yabang Acid Manufacturing have temporarily suspended production from May 8, 2019 to carry out extensive investigation and rectification of safety hazards. On August 3, 2019, the company issued the “Announcement on the Progress of Yabang Co., Ltd. on the Temporary Suspension of Production of Subsidiaries and Branches” (Announcement Number: 2019-041). According to the requirements of the provincial and municipal chemical industry safety and environmental protection improvement implementation plans, Lianyungang, where the company is located, Eight subsidiaries and branches in the chemical industry park continue to suspend production for safety and environmental protection improvement and rectification work. The company disclosed progress announcements on January 21, 2020, November 3, 2020, December 25, 2020, January 25, 2021, February 19, 2021, and April 12, 2021 respectively.
On May 8, 2021, the company’s subsidiary Jiangsu Huaer Chemical Co., Ltd. completed preparations for safety, environmental protection, fire protection and other aspects before resuming production in accordance with the production resumption approval requirements of the Lianyungang municipal government department. Work, officially put into production.
The 2019 operating income of Jiangsu Huaer Chemical Co., Ltd., which resumed production this time, accounted for 30.6% of the company’s 2019 audited operating income; the 2020 operating income accounted for 8.6% of the company’s 2020 audited operating income.
Up to now, the company’s subsidiaries with normal production include Lianyungang Branch, Jiangsu Huaer Chemical Co., Ltd., Lianyungang Yabang Heating Co., Ltd., Lianyungang SECO Waste Disposal Co., Ltd., and Ningxia Yadong Chemical Co., Ltd. The company’s total operating income in 2019 accounted for 79.5% of the company’s audited operating income in 2019; the total operating income in 2020 accounted for 99.95% of the company’s audited operating income in 2020; the company’s other suspended enterprises will also actively perform production resumption approvals in accordance with government requirements procedures and strive to resume production as soon as possible.
The specific time for resumption of production has not yet been determined, and there is a certain degree of uncertainty. The company will promptly disclose information based on the progress of production resumption. Investors are kindly requested to invest rationally and pay attention to risks.
This is an announcement.
Board of Directors of Jiangsu Yabang Dyestuff Co., Ltd.
May 11, 2021</p
