Securities code: 600525 securities abbreviation: Changyuan Technology Group Ltd(600525) Announcement No.: 2022007 Changyuan Technology Group Ltd(600525)
Announcement on termination of non-public offering of shares
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、 Basic information of the company’s non-public offering of a shares
Changyuan Technology Group Ltd(600525) (hereinafter referred to as “the company”) held the second extraordinary general meeting of shareholders in 2021 on February 25, 2021, deliberated and approved the proposal on the company’s compliance with the conditions for non-public offering of shares, the proposal on the company’s plan for non-public offering of shares in 2021 and other proposals, and agreed that the company applied for non-public offering of A-Shares to raise no more than 901454000 yuan, Invest in consumer electronic intelligent testing equipment expansion project, semiconductor mounting and testing equipment expansion project, etc. Up to now, the company has not submitted the application materials for non-public offering of A-Shares to the CSRC.
2、 Reasons for terminating the company’s non-public offering of a shares
Since the announcement of the company’s non-public offering plan in 2021, the company’s board of directors, management and relevant intermediaries have been actively promoting the work of this non-public offering. The company decided to terminate the company’s non-public offering of A-Shares in 2021 after careful study and demonstration with intermediaries, taking into account many factors such as business conditions and the company’s development strategy.
3、 Terminate the deliberation procedures of this non-public offering of a shares
1. Deliberations of the board of directors
The company held the 10th meeting of the 8th board of directors on February 15, 2022, deliberated and approved the proposal on terminating non-public offering of shares, and agreed to terminate the non-public offering of A-Shares in 2021. Voting results: 9 in favor, 0 against and 0 abstention.
2. Deliberation of the board of supervisors
On February 15, 2022, the company held the sixth meeting of the eighth board of supervisors, deliberated and approved the proposal on terminating non-public offering of shares, and agreed to terminate the non-public offering of A-Shares in 2021. Voting results: 3 in favor, 0 against and 0 abstention.
3. Opinions of independent directors
The company’s termination of non-public offering of A-Shares is a prudent decision made in combination with the company’s actual operation and the company’s development plan, and will not have an adverse impact on the company’s production, operation and business development. The company has fulfilled the necessary review procedures, complied with the provisions of relevant laws, regulations and the articles of association, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders. We agree that the company will terminate the non-public offering of a shares.
According to the authorization of the second extraordinary general meeting of the company in 2021 for the board of directors to fully handle matters related to the non-public offering, the termination of the company’s non-public offering of shares will take effect after being deliberated and approved by the board of directors, and it is not necessary to submit it to the general meeting of the company for deliberation.
4、 Impact of termination of non-public offering of A-Shares on the company
At present, the company’s production and operation activities are normal. The company will further implement the industrial focus and implement the “new main and auxiliary” development strategy focusing on smart grid equipment and systems, energy science and technology equipment and technical services, supplemented by consumer electronic intelligent equipment. The termination of the non-public offering of A-Shares will not have an adverse impact on the company’s production, operation and business development, and there is no damage to the interests of the company and all shareholders.
It is hereby announced.
Changyuan Technology Group Ltd(600525) board of directors
February 16, 2002
