Hua Sheng Shares (600156): Risk Warning

Hunan Huasheng Limited by Share Ltd stock trading abnormal fluctuations and risk warning announcement

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important note:

Hunan Hua Sheng Limited by Share Ltd (hereinafter referred to as "company") shares in March 2019

The 26 day and March 27th consecutive two trading days closing price rise deviation value accumulated more than 20%, according to the relevant provisions of the Shanghai stock exchange rules, it is abnormal fluctuations in stock pactions.

Through the company's self-examination, and to the company's controlling shareholder, Hunan Huasheng Group Co., Ltd.

The "Hua Sheng group" verified that as of the announcement date, the company and its controlling shareholders had no significant information that should be disclosed but not disclosed.

The company belongs to the textile industry, mainly engaged in the production and sale of hemp textiles, and industry.

There is no correlation between the concept of hemp.

According to the 2018 annual earnings announcement issued by the company in January 30, 2019,

After deducting non recurring gains and losses in 2018, the company's performance is expected to be

-6500 10000 yuan to -7100 yuan.

As of the announcement date, the company's indirect controlling shareholder, Hunan Xiang tou Holdings Group Co., Ltd.

There are plans to increase or decrease stock holdings and no asset injection plan.

1. Abnormal fluctuations in stock pactions

Hunan Hua Sheng Limited by Share Ltd stock in March 26, 2019 and March 27th, the two consecutive trading day closing price deviation value accumulated more than 20%, according to the Shanghai stock exchange rules, the stock trading price abnormal fluctuations.

Two, the company concerned and verified the relevant situation.

1, the company belongs to the textile industry, mainly engaged in the production and sale of hemp textiles, and the company and its controlling shareholder and controlling shareholder have not signed any cooperation intention and agreement with any unit for planting and producing industrial hemp.

There is no correlation between the concept of industrial hemp and the concept of industrial hemp.

2, in January 17, 2019, the company issued the "notice on controlling shareholders' equity free pfer", which was examined and approved by the executive meeting of the Hunan provincial government. The company's actual controller, the Hunan provincial state-owned assets supervision and Administration Commission, took the form of free pfer, and pferred the assets, business and personnel of the company's controlling shareholder to Hua Xiang Holdings Group Co., Ltd. in Hunan.

As of this announcement, Hunan Xiang tou Holdings Limited has not planned to increase or decrease its share holdings, nor has it planned any asset injection.

3, according to the 2018 annual earnings announcement issued by the company in January 30, 2019, the company's performance is expected to be -6500 yuan to -7100 million after deducting non recurring gains and losses in 2018.

4, after the company's own inspection, the company's production and operation activities are normal, and the internal and external business environment of the company has not changed significantly. There are no major issues that affect the abnormal fluctuation of stock trading.

5, through the company's self-examination and written verification by the Huasheng Group, the controlling shareholder of the company, as of the announcement date, the company and its controlling shareholders had no major issues that should be disclosed and not disclosed, and no major issues such as major asset restructuring, issuance of shares, debt restructuring, business restructuring, asset stripping and asset injection were being planned.

6. Directors, supervisors, senior managers and controlling shareholders of a company do not buy or sell shares during abnormal fluctuations in the company's stock.

Three. Board statement

The board of directors of the company confirmed that at present, there are no matters that should be disclosed and not disclosed in accordance with the relevant provisions of the Shanghai Stock Exchange Listing Rules, or the plans and intentions related to such matters. The board of directors has not been informed of the information that should be disclosed and not disclosed to the trading price of the company's stock and derivative products according to the relevant provisions of the Shanghai Stock Exchange Listing Rules.

The company's designated information disclosure website is the Shanghai stock exchange website (www.sse.com.cn), the designated information disclosure journal is the Shanghai Securities Daily, the Securities Daily and the securities times. All the publicly disclosed information of the company is based on the announcement of the above designated websites and media.

Notice hereby.

Hunan Huasheng Limited by Share Ltd board March 28, 2019