Securities code: 600575 securities abbreviation: Huaihe Energy (Group) Co.Ltd(600575) Announcement No.: pro 2022-008 Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd
Suggestive announcement on the disclosure of major asset restructuring plan and stock resumption
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. Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. (hereinafter referred to as “the company”) is currently planning to absorb and merge Huainan Mining and related party transactions by issuing shares, convertible corporate bonds (if any) and paying cash to all shareholders of Huainan Mining (Group) Co., Ltd. (hereinafter referred to as “Huainan Mining”). The company is the merging party and Huainan mining is the merged party (hereinafter referred to as “this transaction”). Upon application to Shanghai Stock Exchange, the trading of the company’s shares (Securities abbreviation: Huaihe Energy (Group) Co.Ltd(600575) , securities code: 600575) has been suspended since the opening of the market on February 8, 2022. For details, see the announcement on suspension of trading of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. on Planning major asset restructuring (Announcement No.: pro 2022-003) disclosed by the company on February 8, 2022. On February 21, 2022, the company held the sixth meeting of the seventh board of directors, deliberated and adopted the proposal on the plan for absorption and merger of Huainan Mining (Group) Co., Ltd. and related party transactions of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. and its summary, as well as the proposal related to this transaction, For details, please refer to the company’s publication on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on February 22, 2022 And relevant announcements of the information disclosure media designated by the company.
According to relevant regulations, after applying to Shanghai Stock Exchange, the trading of the company’s shares will resume from the opening of the market on February 22, 2022. As of the disclosure date of this announcement, the audit and evaluation of assets involved in this transaction have not been completed, and the board of directors of the company decided not to hold the general meeting of shareholders to consider this transaction. After the completion of relevant audit and evaluation, the company will convene the board of directors again to review the above related matters, and the board of directors will convene the general meeting of shareholders to review the proposals related to this transaction.
There are still many approval procedures to be performed for this transaction, and there is great uncertainty. The company will continue to promote the relevant work of this transaction after the resumption of stock trading, and timely perform the obligation of information disclosure in strict accordance with the requirements of relevant laws and regulations. Please pay attention to the subsequent announcement of the company and pay attention to the investment risk.
It is hereby announced.
Board of directors of Huaihe Energy (Group) Co.Ltd(600575) (Group) Co., Ltd. February 22, 2022
