Securities code: 600801, 900933 securities abbreviation: Huaxin Cement Co.Ltd(600801) , Huaxin B-share Announcement No.: 2022-004 Huaxin Cement Co.Ltd(600801)
Suggestive announcement on the listing and listing progress of domestic listed foreign shares on the main board of the stock exchange of Hong Kong Limited by way of introduction
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.
Special tips:
1. The company’s application for listing and listing of domestic listed foreign shares on the main board of the stock exchange of Hong Kong Limited (hereinafter referred to as “the stock exchange of Hong Kong”) by way of introduction. The company received a letter from the Listing Committee of the stock exchange of Hong Kong on February 25, 2022.
2. B-share shareholders who wish to continue holding the company’s B-shares to the place where they are converted and listed and listed on the main board of the Hong Kong Stock Exchange do not need to carry out any operation during the reporting period of cash option and do not need to exercise this B-share cash option.
3. Overseas investors who wish to conduct cross-border re custody transactions in Hong Kong can now apply for cross-border re custody to China Clearing Shanghai branch through the securities firm designated for transaction or the bank designated for settlement, Effective cross-border re custody application investors will act as overseas public shareholders of the company who open accounts in Hong Kong and conduct transactions directly through their Hong Kong Securities Companies after the listing of the company’s H shares. Investors applying for cross-border re custody shall not trade or transfer the declared cross-border re custody shares. At the same time, if the balance held by the investor’s securities account is less than the number of cross-border re custody applications, the cancellation fails, and the cross-border re custody application of the securities account becomes invalid.
4. The company’s B shares will apply to Shanghai stock exchange for suspension in the near future. Thereafter, the company’s B shares will enter the stage of cash option distribution, exercise declaration, exercise settlement and settlement, and will no longer be traded.
The company will provide cash option declaration and exercise services for B-share shareholders through the reporting method of the trading system of Shanghai Stock Exchange. 5. If one of the following circumstances occurs after the declaration of cash option exercise, the cash option in the listing and listing scheme of the company’s B shares on the main board of the Hong Kong Stock Exchange in the form of Introduction (hereinafter referred to as “the scheme”) will not be implemented and the scheme will be terminated, The company’s B shares will continue to be traded on the B-share market of Shanghai Stock Exchange: (1) the number of shares declared to exercise cash option exceeds 154408766, or the total number of shares held by the top three B-share public shareholders exceeds 50% of the public holding of B-share after exercise; (2) the number of Hong Kong public shareholders is less than 300.
6. After the implementation of the cash option is completed and the number of overseas public share shareholders opening accounts in Hong Kong is determined to be no less than 300, the company will apply to the Shanghai stock exchange for the removal of B shares, and will be listed and traded on the main board of the Hong Kong Stock Exchange in the form of H shares after obtaining the formal approval letter from the Hong Kong stock exchange for the listing of the company’s H shares.
1、 Matters related to domestic transactions
If the scheme is successfully implemented, when the company’s shares are listed and traded on the main board of the stock exchange of Hong Kong, the H shares converted from B shares held by the original B-share shareholders can, according to their own situation and voluntary principle, on the premise of complying with laws, regulations and trading rules, You can choose to transfer to the trading system of Hong Kong securities companies through the trading system of domestic securities companies or through cross-border re custody. Among them, foreign investors can choose to transfer the company’s H shares to the trading system of Hong Kong Securities Company through cross-border re custody, and then buy or sell the company’s H shares in the trading system of Hong Kong securities company according to the general H-share trading rules. For domestic investors and overseas investors who do not choose cross-border re custody, first of all, it is necessary to confirm whether the trading system of the securities company with an account is transformed and updated to provide the real-time market of H shares after conversion and accept the trading declaration; If the account opening securities company has completed the transformation and update of the trading system, the trading operation mode of the investor through its account opening securities company remains basically unchanged except for the change of the stock trading code (the changed stock trading code will be announced separately), but only has the right to hold or sell the H shares of the company. If the account opening securities company has not completed the transformation and update of the trading system, The investor may cancel the designated transaction at the securities company where the account is opened, and select the domestic securities company that has completed the transformation and updating of the trading system to handle the designated transaction again, and then make the transaction declaration through the securities company that has completed the transformation and updating of the trading system.
2、 Cross border re custody matters
The shares held by overseas investors may apply for transfer of custody from domestic securities companies to overseas securities companies (i.e. “cross-border transfer of custody”). Investors trading in China (including domestic investors and overseas investors who do not choose cross-border re custody) can only sell, not buy H shares of the company. After completing cross-border re custody, foreign investors can buy or sell the company’s H shares in accordance with the general H-share trading rules without trading restrictions.
Special reminder of the company: in order to support the smooth implementation of the company’s H-share listing, meet the requirement that the number of overseas public shareholders opening accounts in Hong Kong should not be less than 300 as soon as possible, Investors who meet the conditions for cross-border re custody and hope to transfer to the Hong Kong market for direct trading should submit an application for cross-border re custody to CSDCC Shanghai branch through their designated trading securities company or designated settlement custodian bank as soon as possible.
(I) cross border custody transfer process
Before applying for cross-border custody transfer, an overseas investor shall first open a securities trading account with any securities company or custodian bank in Hong Kong. When applying for custody transfer, he shall fill in the relevant materials of the securities account. The specific process of cross-border custody transfer is as follows:
(1) The investor shall submit the application for cross-border re custody of H shares to the securities company designated for trading or the custody bank designated for settlement with his identity certificate.
(2) After the securities company or the custodian bank has checked and verified that the cross-border re custody shares declared by the investor are free of rights defects (including but not limited to judicial freezing, share pledge, etc.), and after completing the application form for cross-border re custody of H shares and the detailed data file of cross-border re custody according to the application of the investor, Submit the application for re custody to CSDCC through its mailbox filed in CSDCC.
(II) precautions for cross-border custody transfer
Foreign investors who have not opened securities trading accounts with Hong Kong securities companies or custodian banks cannot conduct cross-border re custody. Investors applying for cross-border re custody shall not trade or transfer the declared cross-border re custody shares.
If the balance held by the investor’s securities account is less than the number of cross-border re custody applications, the cancellation fails, and the cross-border re custody application of the securities account becomes invalid.
If an investor submits both cross-border custody transfer and declaration of cash option, the declaration of cash option is invalid.
For specific details of cross-border custody transfer, please refer to the above guide for registration and settlement business of B to h of China Securities Depository and Clearing Co., Ltd. Shanghai Branch, or consult the opening securities company or the company.
3、 Implementation arrangement of cash option scheme
According to the listing and listing scheme of the company’s B shares on the main board of the Hong Kong Stock Exchange in the form of introduction, the company’s B shares will apply to the Shanghai stock exchange for suspension in the near future. After that, the company’s B shares will enter the stage of cash option distribution, exercise declaration, exercise settlement and settlement, and will not be traded.
The company will provide cash option declaration and exercise services for B-share shareholders through the reporting method of the trading system of Shanghai Stock Exchange. If after the declaration of cash option exercise is completed, the cash option in this scheme will not be implemented when one of the following circumstances occurs, and the scheme is terminated, and B shares will continue to be traded in the B-share market of Shanghai Stock Exchange: (1) the number of shares declared to exercise cash option exceeds 154408766, or the total number of shares held by the top three B-share public shareholders exceeds 50% of the public holding of B shares after exercise, (2) The number of public shareholders in Hong Kong is less than 300.
After the implementation of the cash option is completed and it is determined that the number of overseas public share shareholders who have filed an effective cross-border custody transfer application and opened an account in Hong Kong is not less than 300, the company will apply to the Shanghai stock exchange for the removal of B shares, and will be listed and traded on the main board of the Hong Kong Stock Exchange in the form of H shares after obtaining the official approval letter of the Hong Kong stock exchange for the listing of the company’s H shares.
At present, the company has obtained the letter passed by the Listing Committee of the Hong Kong stock exchange, but it still needs to meet the listing conditions of the Hong Kong Stock Exchange after the hearing. Remind investors to pay attention to investment risks.
The board of directors will timely fulfill the obligation of information disclosure according to the progress of work. The disclosure contents include but are not limited to announcing the specific implementation plan of B-share cash option and other related matters. Please pay attention to them.
If investors have any questions, please contact the following main parties: 1. Applicant for H-share listing: Huaxin Cement Co.Ltd(600801) address: No. 600, East Daqi Avenue, Huangshi City, Hubei Province. Project leaders: Wang Lu and Wu Xin Tel.: 027-87773898 Fax: 027-877739922. Domestic financial consultant: Shenwan Hongyuan Group Co.Ltd(000166) securities underwriting recommendation Co., Ltd
Address: room 2004, 20th floor, Dacheng International Building, No. 358, Beijing South Road, high tech Zone (new urban area), Urumqi, Xinjiang
Project Leader: Wu Ling, Su Zhenqi Tel: 021-33389888 Fax: 021-540479823 overseas exclusive sponsor: Shenwan Hongyuan Group Co.Ltd(000166) financing (Hong Kong) Co., Ltd. address: 17th floor, 28 Hennessy Road, Hong Kong Project Leader: Liang Guojie Tel: (852) 2509 8333 Fax: (852) 2248 2116 this is hereby announced.
Huaxin Cement Co.Ltd(600801) board of directors February 26, 2022
