654381October 4th, Shenyang Machine Tool received a letter of concern from Shenzhen Stock Exchange, because the controlling shareholder promised to inject i5 related assets into listed companies without progress.
On June 3, 20 17, Shenyang Machine Tool disclosed that the controlling shareholder issued a letter of commitment to inject i5-related assets into listed companies, saying that Shenyang Machine Tool (Group) Co., Ltd., the controlling shareholder of Shenyang Machine Tool, issued the letter of commitment on June 2, 20 17.
Commitment letter shows that i5 intelligent CNC system is a new generation of machine tool CNC system independently developed by Ji Shen Group. At present, the i5 intelligent numerical control system required by Shenyang Machine Tool to produce i5 intelligent machine tools is purchased from a subsidiary of Ji Shen Group. The follow-up business of Shenyang Machine Tool will focus on the core product of i5 intelligent machine tool. In order to ensure the integrity of related technologies of Shenyang Machine Tool i5 intelligent machine tool, Ji Shen Group plans to inject all related technologies, intellectual property rights, product assembly line, R&D and production personnel of i5 into Shenyang Machine Tool.
Ji Shen Group retained the continuous research and development function of i5 general technology.
I5 general technology mainly includes mechanical motion control technology and data bus transmission technology. These technologies belong to the basic operating rules of the mechanical and electronic industry. On the one hand, they are not limited to specific applications, and can be used not only for i5 intelligent machine tools, but also for industrial robots and automated production lines to be developed by Ji Shen Group. On the other hand, there is no specific product correspondence, and the related expenditure mainly belongs to the technical research stage rather than the product development stage, so there is great uncertainty whether the R&D expenditure can recover the cost.
Therefore, the R&D functions related to i5 general technology are not suitable for being injected into listed companies for the time being. Subsequently, Ji Shen Group will sort out and reorganize the related R&D and production organizations of its subsidiary i5 in the field of machine tools, and concentrate on the relevant assets and businesses to be injected into the company, which will be acquired by Shenji in cash or by issuing shares before the end of 20 18.
Up to now, there is still no progress in the above matters.
In this regard, Shenzhen Stock Exchange requires Shenyang Machine Tool to explain in detail whether to take effective measures in time to urge the controlling shareholders to fulfill their commitments, and explain the next settlement measures and settlement period on the basis of consulting the controlling shareholders.