Securities code: China Merchants Expressway Network Technology Holdings Co.Ltd(001965) securities abbreviation: China Merchants Expressway Network Technology Holdings Co.Ltd(001965) Announcement No.: 202210 bond Code: 127012 bond abbreviation: Zhaolu convertible bond
China Merchants Expressway Network Technology Holdings Co.Ltd(001965)
About the joint establishment of the company and all parties of the consortium to acquire overseas assets
Announcement on the progress of related party transactions
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.
1、 Description of progress
1. The fifth meeting of the second board of directors of China Merchants Expressway Network Technology Holdings Co.Ltd(001965) (hereinafter referred to as ” China Merchants Expressway Network Technology Holdings Co.Ltd(001965) ” or “the company”) deliberated and adopted the proposal on related party transactions between the company and the consortium to jointly establish a company to acquire overseas assets, and signed the share purchase agreement with the seller on December 23, 2019. For details of this matter, please refer to China Securities Journal, securities times, Shanghai Securities News, securities daily and cninfo.com published on December 24, 2019（ http://www.cn.info.com.cn. ）Announcement on the resolution of the fifth meeting of the second board of directors of China Merchants Expressway Network Technology Holdings Co.Ltd(001965) and announcement on related party transactions of China Merchants Expressway Network Technology Holdings Co.Ltd(001965) about the joint establishment of the company and the consortium to acquire overseas assets.
2. After the signing of the share purchase agreement, all parties to the transaction actively promoted the acquisition. In view of the fact that the relevant parties have not reached a consensus on the relevant terms of the refinancing arrangement (which should take effect immediately at the closing of the acquisition), and the preconditions for the transaction under the share purchase agreement have not been fully completed, both parties decided to terminate the acquisition through friendly negotiation China Merchants Expressway Network Technology Holdings Co.Ltd(001965) held the 25th meeting of the second board of directors on January 27, 2022. The meeting deliberated and adopted the proposal on terminating the related party transaction between the company and the consortium to acquire overseas assets, and agreed that the company would terminate the acquisition of ICA IC in Turkey İ ÇTA Ş ASTALDI Üçüncü Bo ğ az Köprüsüve Kuzey Marmara Otoyolu Yat ı r ı m ve İş letme A. Ş. (hereinafter referred to as “ICA company”) 51% equity, 51% shareholder loan of the former shareholder of ICA company and 51% equity of Eurasia motorway maintenance and operations limited in Hong Kong. All parties to the transaction have jointly signed the agreement on terminating the purchase of ICA IC on March 9, 2022 İ ÇTA Ş ASTALDI Üçüncü Bo ğ az Köprüsü veKuzey Marmara Otoyolu Yat ı r ı m ve İş letme A. Ş. And the termination agreement of the relevant share purchase agreement of 51% shares of Eurasia motorway maintenance and operations limited. 2、 Impact of transactions on the company
Since both parties of the project have determined to terminate the transaction, the company and the Chinese consortium have not paid each other, nor have they actually obtained the property right and operation right of Turkey Sanqiao project, the above matters will not have a significant impact on the operation and financial status of the company.
3、 Filing documents
1. About terminating the purchase of ICA IC İ ÇTA Ş ASTALDI Üçüncü Bo ğ az Köprüsü ve KuzeyMarmara Otoyolu Yat ı r ı m ve İş letme A. Ş. And the termination agreement of the relevant share purchase agreement of 51% shares of Eurasia motorway maintenance and operations limited.
It is hereby announced.
China Merchants Expressway Network Technology Holdings Co.Ltd(001965) board of directors March 10, 2002
