Securities code: 000586 securities abbreviation: Sichuan Huiyuan Optical Communications Co.Ltd(000586) Announcement No.: 2022-004 Sichuan Huiyuan Optical Communications Co.Ltd(000586)
Announcement on termination of participation in investment and establishment of M & A fund
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of the proposed industrial M & A fund
Sichuan Huiyuan Optical Communications Co.Ltd(000586) (hereinafter referred to as "the company") held the 21st Meeting of the 10th board of directors on June 9, 2017, deliberated and adopted the proposal on the company's intention to participate in the investment and establishment of M & A fund, It is agreed that the company, as a limited partner, will cooperate with the wholly-owned subsidiaries to be established by Zhongjing Hongxi (Beijing) Investment Fund Management Co., Ltd. (hereinafter referred to as "Zhongjing Hongxi") and Shanghai Lezheng Network Technology Co., Ltd. (hereinafter referred to as "Shanghai Lezheng") (holding 3.34% of the company's shares at the time of planning), and use no more than 50 million yuan of self raised funds to invest and participate in the establishment of M & a funds, And signed the "agreement of intent" with Zhongjing Hongxi and Shanghai Lezheng.
For details, see the announcement on the company's intention to participate in the investment and establishment of merger and acquisition funds (Announcement No.: 2017-034) and the supplementary announcement on the company's intention to participate in the investment and establishment of merger and acquisition funds (Announcement No.: 2017-035) disclosed by the company in the Securities Daily, China Securities News and cninfo online on June 13 and June 15, 2017.
2、 Progress and termination reasons of the establishment of industrial M & A fund
Except that the company has signed the intention agreement with China Economic Hongxi and Shanghai Lezheng, as of the disclosure date of this announcement, all parties have not signed a formal M & A fund partnership agreement on the establishment of M & A fund, and the M & A fund has not gone through any relevant industrial and commercial registration procedures, so there is no substantive progress in this matter. Based on the changes of the current market environment and the current actual development of the company, after careful consideration, it is decided to terminate the participation in investment, establish M & A fund and terminate the intention agreement.
3、 On the impact of terminating the establishment of industrial M & A fund on the company
The agreement of intent is an intentional cooperation agreement, and the parties have not signed a formal M & A fund partnership agreement. As of the disclosure date of this announcement, there has been no substantive progress in the establishment of the company's industrial M & A fund. The measures for the administration of assets reorganization of listed companies do not constitute major assets reorganization of listed companies. The termination will not affect the company's financial status and daily business activities, and there is no situation that damages the interests of the company and all shareholders.
4、 Opinions of the board of supervisors
After review, all supervisors believe that the decision-making procedure of the company's termination of investment in the establishment of M & A fund complies with the provisions of relevant laws, regulations and the articles of association, and there is no damage to the interests of the company and minority shareholders. They agree that the company shall terminate the investment in the establishment of M & A fund and terminate the intention agreement.
5、 Independent opinion
Except that the company has signed the intention agreement with China Economic Hongxi and Shanghai Lezheng, as of the disclosure date of this announcement, all parties have not signed a formal M & A fund partnership agreement on the establishment of M & A fund, and the M & A fund has not gone through any relevant industrial and commercial registration procedures, so there is no substantive progress in this matter. Based on the changes of the current market environment and the actual development of the company, the independent directors unanimously agreed to terminate their participation in the investment and establishment of M & A fund and terminate the intention agreement. The termination of participation in the establishment of M & A fund will not have a material impact on the company's daily business activities.
6、 Documents for future reference
1. Sichuan Huiyuan Optical Communications Co.Ltd(000586) resolution of the 28th meeting of the 11th board of directors;
2. Sichuan Huiyuan Optical Communications Co.Ltd(000586) resolution of the 24th Meeting of the 11th board of supervisors;
It is hereby announced.
Sichuan Huiyuan Optical Communications Co.Ltd(000586) board of directors
February 15, 2002
