Huangting International received a letter of inquiry from the third quarterly report concerning issues such as the power of capital increase, interest payable, and so on.

On November 10, the Shenzhen Stock Exchange issued a letter of inquiry about the three-quarter report of Shenzhen Huangting International Enterprise Co., Ltd. 2021.

It is understood that on August 4, Huangting International plans to buy 20% of the total amount paid by Dexing Yifa Semiconductor Industry Investment Fund for 60.97 million yuan. Recently, Huangting International plans to optimize and adjust the transaction plan, which will be adjusted by Shenzhen Huangting Fund Management Co., Ltd., a wholly-owned subsidiary of the company, to increase its capital by 50 million yuan.

In response, the Shenzhen Stock Exchange said that it is necessary to explain the specific progress since the transaction was planned in August, the main reasons for changing the trading plan and the specific decision-making process, and whether the relevant capital increase matters need to go through the examination and approval or filing procedures of the industry competent authorities. Whether there is a risk of termination and other relevant information.

In addition, this transaction promises to achieve operating income of not less than 150 million yuan, 200 million yuan and 220 million yuan respectively from 2022 to 2024, and gross profit of not less than 35 million yuan and 45 million yuan from 2023 to 2024, respectively.

The Shenzhen Stock Exchange pointed out that it is necessary to explain the specific calculation process and rationality of the performance commitment amount in the light of the current business performance and profitability of Yifa Power, as well as whether there are effective and practicable performance safeguard measures.

The Shenzhen Stock Exchange also inquired about the capital increase arrangements of Huangting International, which pointed out that Huangting International needs to explain the source of the funds for this transaction until it is clear that it comes from the relevant company's own funds (in addition to shareholders' investment), funds obtained from business activities, bank loans or other financing arrangements, etc.

The inquiry letter also pointed out that on March 30, the Huangting Group made a plan to pay the debt owed by the concentric fund and concentric re-loan to the company, and agreed to the company's controlling shareholder, the Huangting Group, to pay equity transfer and principal interest on the loan on behalf of the concentric fund and concentric re-loan.

Royal Court International shall explain the details of the matter, including, but not limited to, the agreed time of repayment, the amount of repayment, the actual implementation, and so on. It is also necessary to explain whether it has the ability to perform in the light of the financial situation.

In addition, the semi-annual report shows that the final balance of interest payable by Huangting International is 107 million yuan, and the quarterly report shows that the final balance of interest payable by Huangting International is 0. the Shenzhen Stock Exchange asks Huangting International to explain the specific payment of interest payable during the reporting period. and verify the accuracy of the relevant disclosure.

According to the semi-annual report, the financial cost of Huangting International increased by 10.21 million yuan. Shenzhen Stock Exchange asked Huangting International to explain the specific matters involved in the new leasing-interest expenses and the process of calculation.

The Shenzhen Stock Exchange said that Huangting International is requested to provide a written explanation on the above issues, and submit and disclose the relevant explanatory materials before November 17, 2021, and send a copy to the dispatched office at the same time.