Securities code: Hunan Yujing Machinery Co.Ltd(002943) securities abbreviation: Hunan Yujing Machinery Co.Ltd(002943) Announcement No.: 2022014 Hunan Yujing Machinery Co.Ltd(002943)
Announcement on terminating foreign investment and signing termination agreement
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.
Hunan Yujing Machinery Co.Ltd(002943) (hereinafter referred to as " Hunan Yujing Machinery Co.Ltd(002943) " or "the company") deliberated and approved the proposal on terminating foreign investment and signing the termination agreement at the 9th meeting of the 4th board of directors held on March 2, 2022, and agreed to terminate the investment agreement signed by the company with Nantong Youtuo NEW Energy Technology Co., Ltd. and Xinghua Haofa photovoltaic equipment Co., Ltd. According to the Listing Rules of Shenzhen Stock Exchange, self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of main board listed companies, the articles of association and other relevant provisions, the termination of foreign investment is within the approval authority of the board of directors of the company and does not need to be deliberated by the general meeting of shareholders of the company. The relevant matters are hereby announced as follows:
1、 Overview of original foreign investment
The company held the fourth meeting of the Fourth Board of directors on October 11, 2021, deliberated and approved the proposal on foreign investment and establishment of holding subsidiaries, and agreed that the company, together with Nantong Youtuo New Energy Technology Co., Ltd. and Xinghua Haofa photovoltaic equipment Co., Ltd., would jointly invest in the establishment of holding subsidiaries in Taiyuan, which is intended to be used as the company to carry out large-size silicon rod As the main operator of monocrystalline silicon wafer R & D, production and intelligent manufacturing projects, the registered capital of the proposed new company is RMB 200 million. Of which: the company contributed 190 million yuan, accounting for 95.00% of the registered capital of the joint venture; Nantong Youtuo New Energy Technology Co., Ltd. invested 5 million yuan, accounting for 2.50% of the registered capital of the joint venture; Xinghua Haofa photovoltaic equipment Co., Ltd. invested 5 million yuan, accounting for 2.50% of the registered capital of the joint venture. For details, please refer to www.cn.info.com.cn on October 12, 2021 Announcement on foreign investment and establishment of holding subsidiaries (Announcement No.: 2021058) published in Securities Daily, China Securities News, securities times and Shanghai Securities News.
2、 Reasons for termination of investment cooperation
After signing the investment agreement, the company actively communicates and negotiates with relevant parties on relevant matters. As the investment project is a high energy consumption project, the energy consumption index of the proposed project location is relatively tight, and the investment project has not made substantive progress. As of the date of this announcement, the holding subsidiary has not been established. In view of the development situation of the photovoltaic industry and the strategic adjustment of the company, in order to focus on the main business, intensive cultivation of equipment such as cutting, grinding and polishing of high hard and brittle materials and products in existing fields such as diamond cutting line and carbon thermal field materials, the company decided to terminate the original foreign investment after careful research and in-depth and detailed analysis and demonstration.
3、 Impact on the company
As of the disclosure date of this announcement, the company has not actually contributed. The termination of foreign investment will not have an adverse impact on the company's production, operation and future development, and there is no situation that damages the interests of the company and all shareholders.
4、 Documents for future reference
1. Resolution of the 9th meeting of the 4th board of directors.
It is hereby announced.
Hunan Yujing Machinery Co.Ltd(002943) board of directors March 2, 2022
