Shenzhen Invt Electric Co.Ltd(002334) announcement (2022)
Securities code: Shenzhen Invt Electric Co.Ltd(002334) securities abbreviation: Shenzhen Invt Electric Co.Ltd(002334) Announcement No.: 2022011 Shenzhen Invt Electric Co.Ltd(002334)
Announcement on the proposed establishment of a wholly-owned subsidiary
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.
Shenzhen Invt Electric Co.Ltd(002334) (hereinafter referred to as “the company” or ” Shenzhen Invt Electric Co.Ltd(002334) “) held the 8th meeting of the 6th board of directors on March 3, 2022, deliberated and adopted the proposal on the proposed establishment of a wholly-owned subsidiary, as follows:
1、 Overview
The company plans to set up a wholly-owned subsidiary in Changsha, Hunan Province, with a registered capital of 30 million yuan. The newly established subsidiary mainly carries the R & D, sales and service of industrial automation and other main business products, absorbs excellent R & D talents in Central China, and creates the system solution ability close to serving customers, so as to further expand the company’s market expansion Expand the business scope of products and technical services, and strengthen the R & D and design ability and core technical competitiveness of the company’s main business products. After the establishment, the newly established subsidiary plans to purchase office space to meet the needs of daily operation, office and R & D experimental space.
According to the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the articles of association, this transaction is within the approval authority of the board of directors of the company and does not need to be submitted to the general meeting of shareholders for deliberation. The board of directors of the company agrees to authorize the management to handle relevant matters with full power. This transaction does not involve related party transactions, nor does it constitute a major asset reorganization stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of the proposed wholly-owned subsidiary in Changsha, Hunan (the following information shall be subject to the final industrial and commercial registration information)
1. Registered capital: 30 million yuan
2. Registered address: Changsha City, Hunan Province
3. Contribution method: contribution in RMB cash with self owned funds
Shenzhen Invt Electric Co.Ltd(002334) announcement (2022)
4. Business scope: subject to industrial and commercial registration
5. Equity structure: Shenzhen Invt Electric Co.Ltd(002334) holding 100%
3、 Purpose, existing risks and impact on the company
1. Purpose of establishing a wholly-owned subsidiary
The company plans to establish a new subsidiary, which is conducive to the business layout of the company in Central China, strengthen the R & D and design ability and core technical competitiveness of the company’s main business products, attract excellent talents and promote the long-term, sustainable and healthy development of the company’s business.
2. Existing risks
The proposed establishment of a wholly-owned subsidiary still needs to go through the formalities of industrial and commercial registration, and there is a risk that the establishment approval will not be passed. In addition, the proposed purchase of office space through a new subsidiary has not been formally signed, and the matter is still uncertain. Investors should disclose the investment progress of the company in a rational manner and pay attention to the investment risks in a timely manner.
3. Impact on the company
The proposed establishment of a wholly-owned subsidiary meets the company’s strategic layout and business needs, is conducive to the company’s business development, will not have a significant impact on the company’s financial situation, and will not damage the interests of the company and all shareholders, especially minority shareholders.
4、 Documents for future reference
1. Resolution of the 8th meeting of the 6th board of directors.
It is hereby announced.
Shenzhen Invt Electric Co.Ltd(002334) board of directors
March 3, 2022
