Stock Code: 600900 stock abbreviation: China Yangtze Power Co.Ltd(600900) Announcement No.: 2022-007
China Yangtze Power Co.Ltd(600900)
Announcement on the progress of major asset restructuring
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
1、 Progress of this major asset restructuring
China Yangtze Power Co.Ltd(600900) (hereinafter referred to as “the company”), due to the planning of major asset restructuring, in accordance with the relevant provisions of Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”), upon the application of the company, the trading of the company’s shares (hereinafter referred to as China Yangtze Power Co.Ltd(600900) , stock code: 600900) was suspended from the opening of the market on November 29, 2021, For details, see the announcement on suspension of China Yangtze Power Co.Ltd(600900) planning for major asset restructuring (Announcement No.: 2021-051) disclosed by the company on November 29, 2021.
On December 10, 2021, the company held the 30th meeting of the 5th board of directors, deliberated and approved the proposal on < China Yangtze Power Co.Ltd(600900) issuing shares, issuing convertible corporate bonds, paying cash to purchase assets and raising supporting funds and related party transactions plan "and its summary, and other proposals related to this major asset restructuring, For details, see the plan for China Yangtze Power Co.Ltd(600900) issuing shares, issuing convertible corporate bonds, paying cash to purchase assets and raising supporting funds and related party transactions disclosed by the company on December 11, 2021 and relevant announcements. After applying to the Shanghai Stock Exchange, the trading of the company's shares will resume from the opening of the market on December 13, 2021.
On December 24, 2021, the company received the inquiry letter on the information disclosure of China Yangtze Power Co.Ltd(600900) restructuring plan from Shanghai Stock Exchange (szgh [2021] No. 3021, hereinafter referred to as the “inquiry letter”), For details, please refer to the announcement on receiving the inquiry letter on information disclosure of China Yangtze Power Co.Ltd(600900) restructuring plan from Shanghai Stock Exchange (Announcement No.: 2021-061) disclosed by the company on December 27, 2021.
According to the requirements of the inquiry letter of Shanghai Stock Exchange, the company, together with the relevant parties and intermediaries of this major asset restructuring, carefully analyzed, verified and replied to the questions raised in the inquiry letter one by one, supplemented and revised the major asset restructuring plan and other documents, and the intermediaries also issued relevant verification opinions, For details, see the plan for China Yangtze Power Co.Ltd(600900) issuing shares, issuing convertible corporate bonds, paying cash to purchase assets and raising supporting funds and related party transactions (Revised Draft) and relevant announcements disclosed by the company on January 1, 2022.
On January 8, 2022, the company disclosed the announcement of China Yangtze Power Co.Ltd(600900) on the progress of major asset restructuring (Announcement No.: 2022-002), announcing the progress of this major asset restructuring.
2、 Follow up work arrangement of this major asset restructuring
As of the disclosure date of this announcement, the company, the relevant parties and intermediaries of this major asset restructuring are orderly promoting the due diligence, audit and evaluation involved in this major asset restructuring, preparing the restructuring report and relevant documents, and actively performing the communication procedures with the relevant parties of the transaction, After the completion of relevant work, the company will convene the board of directors again to consider matters related to this major asset restructuring, and disclose relevant documents such as restructuring report, independent financial adviser report and legal opinion according to law.
3、 Risk tips
The major asset restructuring plan can be formally implemented only after being approved by the competent regulatory authority. Whether this major asset restructuring can obtain the above approval and the final approval time are uncertain. The company will continue to promote relevant work and fulfill the obligation of information disclosure in a timely manner in strict accordance with the requirements of relevant laws and regulations. China Securities News, Shanghai Securities News, securities times, China Three Gorges Project News and the website of Shanghai Stock Exchange (www.sse. Com. CN) Designated information disclosure media for the company. All information of the company shall be subject to the announcement published by the company in the above media. Please invest rationally and pay attention to investment risks.
It is hereby announced.
China Yangtze Power Co.Ltd(600900) board of directors February 7, 2022
