Securities code: Huaxin Cement Co.Ltd(600801) , 900933 securities abbreviation: Huaxin Cement Co.Ltd(600801) , Huaxin B-share Announcement No.: 2022016 Huaxin Cement Co.Ltd(600801)
The third suggestive announcement on the declaration of B-share cash options listed and traded on the main board of the stock exchange of Hong Kong Limited by way of introduction in the place of conversion and listing of domestic listed foreign shares
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:
1. If domestic / overseas investors are willing to hold the company’s B shares until they are listed and traded on the main board of the stock exchange of Hong Kong Limited, there is no need to carry out any operation on the cash option.
2. If the investor wants to exercise the cash option, follow the following steps:
(1) Declaration time: 9:30-11:30 and 13:00-15:00 from March 8, 2022 to March 10, 2022 (three consecutive working days).
(2) Declaration method: through the trading system of Shanghai Stock Exchange; The company does not provide on-site declaration.
(3) Declaration Code: 706080.
(4) Declaration direction: “declaration for sale”.
“Declared purchase” is invalid. Within the validity period of the declaration, the declaration can be withdrawn on the same day and cannot be withdrawn from the next day.
(5) Cash option price: $1.945/share.
3. Note: in case of any of the following circumstances, the company will terminate the listing and trading of B shares on the main board of the stock exchange of Hong Kong Limited, the cash option will not be implemented, and the company’s B shares will continue to be traded on the B-share market of the Shanghai Stock Exchange: (1) the number of shares declared to exercise the cash option exceeds 154408766, Or after the exercise, the total number of shares held by the top three B-share public shareholders exceeds 50% of the public shareholding of B-share, (2) the number of Hong Kong public shareholders is less than 300.
1、 Basic information of cash option declaration
1. Declaration subject
Shareholders holding B shares of the company after the closing of the stock market on the equity registration date (March 7, 2022). 2. Declaration time:
From 9:30 a.m. to 11:30 p.m. and from 1:00 p.m. to 3:00 p.m. on the trading days from March 8, 2022 to March 10, 2022, the deadline for declaration is 3:00 p.m. on March 10, 2022, during which the trading of B shares of the company is suspended.
3. Declaration method: through the trading system of Shanghai Stock Exchange; The company does not provide on-site declaration.
4. Declaration Code: 706080
5. Declaration abbreviation: Huaxin cash
6. Declaration direction: Declaration of sales.
7. Purchase price: US $1.945/share.
8. Declared quantity:
The number of shares declared to exercise the cash option shall not exceed 154408766.
The same stock account can be reported multiple times within the validity period of the report. The number of valid reports is the sum of the number of sales reported each time, but does not exceed the upper limit of the number of reports. The upper limit of the number of shares declared by shareholders is the number of shares without pledge, judicial freeze or other restrictions on rights held in their shareholders’ accounts after the closing of the equity registration date of the implementation of the cash option. The excess part is invalid.
In case of any of the following circumstances, the company will terminate the listing and trading of B shares on the main board of the stock exchange of Hong Kong Limited, the cash option will not be implemented, and the company’s B shares will continue to be traded on the B-share market of the Shanghai Stock Exchange: (1) the number of shares declared to exercise the cash option exceeds 154408766, Or after the exercise, the total number of shares held by the top three B-share public shareholders exceeds 50% of the public shareholding of B-share, (2) the number of Hong Kong public shareholders is less than 300.
9. The provider of cash option is conch International Holdings (Hong Kong) Limited; The shareholders exercise the cash option, which is equivalent to selling the shares to conch International Holdings (Hong Kong) Co., Ltd. at US $1.945/share. 2、 Concerns
(I) the direction of declaration can only be the declared sale, and the declared purchase is invalid; Within the validity period of the declaration, the declaration can be withdrawn on the same day and cannot be withdrawn from the next day.
(II) shareholders shall negotiate with the pledgee or the judicial authority to lift the pledge or judicial freeze before reporting; If there are still pledged or judicial frozen shares at the time of liquidation, the declaration of cash option is invalid.
(III) for the shares in the same account, the shareholders can partially declare the sale.
(IV) the company shall publish a suggestive announcement on the exercise of cash option on the first day and deadline of cash option declaration.
(V) if a B-share shareholder of a listed company sells its original shares, applies for cross-border custody transfer or other frozen or non trading transfer before and during the reporting period of cash option, it shall be deemed as invalid reporting.
(VI) if the number of B shares declared to exercise the cash option exceeds 154408766 after the declaration of the exercise of the cash option is completed, or the cumulative shareholding of the top three public shares of B shares after the exercise exceeds 50% of the total public shares of B shares, such cash option cannot be implemented, and Huaxin B shares will continue to be traded in the B-share market of Shanghai Stock Exchange.
3、 Expenses
When the applicant and provider of cash option go through the subsequent share transfer registration procedures, the tax items and standards involved shall be implemented with reference to the B-share transaction.
4、 Contact person and contact information
Applicant: Huaxin Cement Co.Ltd(600801)
Address: No. 600, East Daqi Avenue, Huangshi City, Hubei Province
Contact: Wang Lu, Wu Xin
Tel: 02787773898
Fax: 02787773992
5、 Follow up matters
1. After the expiration of the validity of this declaration, the company will issue a separate announcement of the declaration results, asking investors to pay attention to the arrival date of funds.
2. After the expiration of the declaration of cash option, the company shall check the declaration results and eliminate the invalid declaration. 3. If the number of B shares declared to exercise the cash option exceeds 154408766 after the declaration of the exercise of the cash option is completed, or the cumulative shareholding of the top three public shares of B shares after the exercise exceeds 50% of the total public shares of B shares, such cash option cannot be implemented, and Huaxin B shares will continue to be traded in the B-share market of Shanghai Stock Exchange.
4. 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.
5. Implementation schedule of cash option (any subsequent changes will be announced separately)
Announcement on declaration of Huaxin B-share cash option on Monday, February 28, 2022
The last trading day before the suspension of Huaxin B shares on Wednesday, March 2, 2022
Starting date of continuous suspension of Huaxin B shares on Thursday, March 3, 2022
March 7, 2022 (Monday) Huaxin B-share cash option equity registration date
March 8, 2022 (Tuesday) to 2022 Huaxin B-share cash option reporting period
On trading days during March 10 (Thursday)
9:30-11:30 PM, 1:00-3:00 PM
Announcement on the declaration results of Huaxin B-share cash option on Friday, March 11, 2022
6、 Other instructions
If there are problems in the declaration of cash options, please take the initiative to contact the business department of the securities company entrusted with their shares and ask them to help solve them.
It is hereby announced.
Huaxin Cement Co.Ltd(600801) board of directors March 10, 2022
