Securities code: Tibet Summit Resources Co.Ltd(600338) securities abbreviation: Tibet Summit Resources Co.Ltd(600338) Announcement No.: 2022016 Tibet Summit Resources Co.Ltd(600338)
Announcement on the progress of judicial disposal and auction of some shares of the company held by controlling shareholders
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. Important content tips:
The shares auctioned by judicial disposal this time are 42 million shares of the company’s tradable shares without sale conditions held by Xinjiang Tacheng International Resources Co., Ltd. (hereinafter referred to as “Tacheng international”), the controlling shareholder of Tibet Summit Resources Co.Ltd(600338) (hereinafter referred to as “the company”), accounting for 4.59% of the total share capital of the company and 14.64% of the shares held by Tacheng international.
At present, the disposal of shares is still in the publicity stage, and the follow-up may involve bidding, payment, court implementation of legal procedures, equity change transfer and other links. If the above procedures are completed, the company will perform the corresponding information disclosure obligations according to the final results.
All the above shares have been frozen by the judiciary.
If the auction is successful, the controlling shareholder and actual controller of the company will not change.
On February 25, 2022, the company was informed by Tacheng international and auctioned at Alibaba Justice (SF. Taobao. Com.) It is verified that the intermediate people’s Court of Chengdu, Sichuan Province issued the auction announcement [(2021) 1 ~ 4 of chuan01zhi No. 4958], From 14:00 on March 28, 2022 to 14:00 on March 29, 2022 (except for the automatic delay of bidding), 42 million shares of the company held by Tacheng International (Securities abbreviation: Tibet Summit Resources Co.Ltd(600338) , securities code: Tibet Summit Resources Co.Ltd(600338) , securities nature: unlimited tradable shares) will be publicly disposed of on the Taobao judicial auction network platform (including fruits, i.e. share giving, share conversion and cash dividend), accounting for 4.59% of the total share capital of the company. The auction was divided into four parts on average, with 10.5 million shares each.
On December 27, 2021 and January 24, 2022, the company disclosed the suggestive announcement on the judicial disposal and auction of some shares of the company held by the controlling shareholder (Announcement No.: 2021077) and the progress announcement on the judicial disposal and auction of some shares of the company held by the controlling shareholder (Announcement No.: 2022009). The relevant court suspended the judicial disposal auction of 42 million tradable shares held by Tacheng international. This is the progress of relevant matters. The relevant information is hereby announced as follows:
1、 Main contents of this disposal of auction shares
(I) auction property
1. Basic information of auction property
The company held by Tacheng International (Securities abbreviation: Tibet Summit Resources Co.Ltd(600338) , securities code: Tibet Summit Resources Co.Ltd(600338) , securities category: non tradable shares) has a total of 42 million shares (including fruits, i.e. share delivery, share conversion and cash dividend). This auction is divided into four shares, 10.5 million shares each, for independent judicial auction.
2. Each reference price: 349125 million yuan (the reference price is the display price: calculated by multiplying the closing price of 33.25 yuan on February 24, 2022 by 10.5 million shares), deposit: 1745625 million yuan, price increase range: 1.74 million yuan.
3. Each reserved price: that is, the actual starting price of each auction, which will be calculated by multiplying the average closing price of 20 trading days before the auction by 10.5 million shares.
4. Owner and execution case No.: Xinjiang Tacheng International Resources Co., Ltd; (2021) No. 1-4, No. 4958, chuan01zhi.
5. How to determine the starting price of each auction: calculated by multiplying the closing price of 33.25 yuan on February 24, 2022 by 10.5 million shares.
(II) conditions of bidders
All citizens, legal persons and other organizations with full civil capacity can participate in the bidding. In particular, if laws and regulations, administrative rules, articles of association and other documents restrict the purchasing qualification of bidders, the relevant policies and regulations shall prevail. Bidders are required to fully understand whether they meet the purchase conditions before purchase. If they fail to meet the conditions to participate in the bidding, the relevant courts will not confirm the bidding results, confiscate the deposit and conduct the auction again. Bidders are requested to understand the articles of association, operating conditions, financial conditions and assets of the third-party target company and make prudent decisions. The relevant expenses arising from this auction shall be borne according to law.
The following institutions and personnel of this online judicial auction shall not bid and entrust others to bid for the auction property related to their behavior:
1. The people’s court responsible for enforcement;
2. Network service provider;
3. Social institutions or organizations that undertake the auxiliary work of auction;
4. Items 1 to 3 stipulate the staff of the subject and their close relatives.
(III) auction method: this disposal auction is price increase bidding. The auction reserve price is the starting price, and reaching or exceeding the starting price is the effective bidding price; One person should buy a valid, and more than two people should buy at the higher price.
(IV) after the auction is completed, the deposit originally frozen by the bidder of the subject matter will be automatically transferred to the account designated by the court, and the buyer shall pay the balance of the auction transaction price (the balance after deducting the deposit) before April 13, 2022. If the auction is not completed, the deposit frozen by the bidder will be unfrozen automatically, and no interest will be paid during the freezing period.
(V) the buyer shall go through the transfer procedures at the relevant administrative department by itself on the strength of the execution ruling and the confirmation of auction transaction issued by the court.
(VI) the auction announcement also covers the opening of Taobao account, delayed bidding, deposit payment, regret auction and other contents.
2、 Reasons for the judicial disposal of shares
In the case of pledge guarantee dispute between Tacheng international and Sichuan Trust Co., Ltd., according to the executive ruling of Chengdu Intermediate People’s court, Sichuan Province, the circulating shares of the above-mentioned company held by Tacheng International were disposed of.
3、 Other information and risk tips
1. As of the disclosure date of this announcement, Tacheng international holds 286842552 shares of the company, which account for 31.38% of the total share capital of the company. The shares to be disposed of this time are 42 million shares of the company held by Tacheng international, accounting for 4.59% of the total share capital of the company and 14.64% of the shares held by Tacheng international.
2. At present, the stock disposal is still in the publicity stage, and the follow-up may involve bidding, payment, court implementation of legal procedures, equity change and transfer. If the above procedures are completed, the company will perform the corresponding information disclosure obligations according to the final results.
3. This stock disposal auction will not affect the normal production and operation activities of the company.
4. If the stock disposal auction is successful, it will not lead to changes in the controlling shareholder and actual controller of the company.
The information disclosed on the official website of Shanghai Stock Exchange (www.sse. CN) And China Securities News, Shanghai Securities News and securities times, the relevant information of the company shall be subject to the announcements published in the above designated information disclosure media. Please pay attention to the relevant announcements of the company, invest rationally and pay attention to investment risks.
It is hereby announced.
Tibet Summit Resources Co.Ltd(600338)
Board of directors
February 28, 2022
