Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd
On that this transaction does not constitute the administrative measures for major asset restructuring of listed companies
Explanation of reorganization and listing as stipulated in Article 13
Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (hereinafter referred to as “the company”) plans to absorb and merge Huainan Mining (Group) Co., Ltd. and related party transactions (hereinafter referred to as “the transaction”) by issuing shares, convertible corporate bonds (if any) and paying cash to all shareholders of Huainan Mining (Group) Co., Ltd. As the absorbing and merging party of this transaction, the company makes the following explanation that this transaction does not constitute the reorganization and listing specified in Article 13 of the administrative measures for major asset reorganization of listed companies:
In the 36 months before this transaction, the state owned assets supervision and Administration Commission of Anhui Provincial People’s government has always been the actual controller of the listed company. After the completion of this transaction, the state owned assets supervision and Administration Commission of Anhui Provincial People’s government is still the actual controller of the listed company, and this transaction will not lead to the change of the actual controller of the listed company. Therefore, this transaction does not constitute the transaction specified in Article 13 of the administrative measures for major asset restructuring of listed companies, that is, it does not constitute reorganization and listing.
It is hereby explained.
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(there is no text on this page, which is the signature page of the statement of the board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. that this transaction does not constitute the reorganization and listing specified in Article 13 of the administrative measures for major asset reorganization of listed companies) Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (seal) February 21, 2022
