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[Research Brief] Sokan Co., Ltd. received a research visit from several institutions including China Merchants Jinling Fund.

Sokan Co., Ltd. announced on March 7 that from 11:00 on March 3, 2022, to 16:00 on March 4, 2022, the company received visits from several institutions, including CCB International Schroder Fund, for research purposes. The reception personnel included Chairman Ling Yunjian, General Manager Wang Weiguo, Director Fu Raosheng, Board Secretary Wu Junyun, and Securities Affairs Representative Zhou Huan. The reception took place in the conference room on the fourth floor of the company's administrative building.

Sokan Co., Ltd. received research from four institutions! Short-term main funds net inflow.

Sokan Co., Ltd. was surveyed by four institutions on March 3, 2022. Among them, three are fund management companies and one is a securities company. Based on this survey event, we found that in the last five trading days, the company's main capital flow showed a net purchase of 2.8298 million yuan. In terms of trend, the stock price has been operating above the 10-day and 20-day moving averages, indicating an increase in market bullish sentiment.

sokan Co., Ltd.: Planning to issue shares and pay cash to acquire assets. The company's stock will be suspended from trading starting March 9.

sokan Co., Ltd. (SH 688157, closing price: 109.5 yuan) announced on the evening of March 8 that it is planning to issue shares and pay cash to purchase assets and raise matching funds, leading to a suspension of trading. The announcement stated that the company is planning to acquire approximately 70% of the equity of Guangdong Ruitu Fine Chemical Co., Ltd. through the issuance of shares and cash payment. At the same time, the company intends to privately issue shares to no more than 35 specific investors to raise matching funds, with the scale of the funds expected to not exceed 50 million yuan. Since this transaction involves issuing shares to purchase assets, it must follow the relevant procedures for major asset restructuring. Given that there are still uncertainties regarding the related matters, in order to ensure fair information disclosure, protect the interests of investors, and avoid causing abnormal fluctuations in the company's stock price, the company has applied for a suspension of its stock, which will take effect from the opening of the market on March 9, 2022 (Wednesday), with the suspension expected to last no more than 10 trading days.

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