Suning.cn shares were temporarily suspended. How long is the suspension expected?

According to the announcement, the company received notices from the actual controller, controlling shareholder Zhang and shareholder Suning Appliance Group Co., Ltd., and both parties are planning major issues related to the company's equity transfer. The specific trading scheme is still under planning and needs the approval of the competent department. It is estimated that the suspension time will not exceed 5 trading days. Zhang has pledged about141200 million shares, accounting for 72.32% of its shares. Suning Holding Group Co., Ltd. pledged about 37 10/00,000 shares, accounting for 100% of its shares.

The 540 million shares of listed companies held by the actual controller Zhang were frozen by the judicial authorities for three years. Shareholders actively communicate with relevant parties, and the debtor concerned thinks that the execution certificate on which the notarized creditor's rights documents are executed does not conform to the Provisions of the Supreme People's Court on Several Issues Concerning the Execution of Notarized Creditor's Rights Documents. Beijing No.2 Intermediate People's Court accepted the execution objection. The announcement shows that this stock freeze will not lead to changes in the actual control rights of the company, nor will it have a significant impact on the company's production and operation and corporate governance. A supplementary announcement was also issued on the freezing of Zhang's equity.

There is a trust loan contract between Suning Real Estate Group Co., Ltd. and Huaneng Jorgen Trust Co., Ltd., the financing principal does not exceed 3 billion yuan, and the principal is repaid in installments. Suning Real Estate provides mortgage guarantee with its own property assets. Mr. Zhang of Suning Appliance Group and his spouse provide guarantee for the trust loan. Suning.cn is a multi-category business company. Business covers traditional household appliances, consumer electronics, daily necessities, daily necessities, books, virtual products and so on. , and has more than 1600 offline stores. Suning Online Shopping ranks among the top three B2C enterprises in China. Online and offline integration development leads the new trend of retail development. Suning.cn will strengthen the simultaneous development of virtual networks and physical stores, and constantly increase the network market share.

Relying on strong logistics, after-sales service and information support, Suning.cn will continue to maintain the pace of rapid development. Suning.cn plans to achieve a sales scale of 300 billion yuan and become one of the leading B2C platforms in China. The annual sales scale of Suning's physical store exceeds 1000 billion, and it has a purchasing team with insight into the market and a good supplier cooperation relationship. With strong supply chain management level and strong system support, the system can realize automatic replenishment. Suning.cn * * * enjoys Suning's powerful procurement platform and integrates the advantages of electrical and non-electrical products within the Group. Super supply chain management level can meet the needs of Suning online shopping consumers.