Securities code: Zibo Qixiang Tengda Chemical Co.Ltd(002408) securities abbreviation: Zibo Qixiang Tengda Chemical Co.Ltd(002408) Announcement No.: 2022017 bond Code: 128128 bond abbreviation: Qi Xiangzhuan 2
Zibo Qixiang Tengda Chemical Co.Ltd(002408)
Announcement on the progress of controlling shareholders’ planning for the change of control and resumption of trading
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、 Suspension
Zibo Qixiang Tengda Chemical Co.Ltd(002408) (hereinafter referred to as “the company”) has planned matters related to the change of control of the company due to the controlling shareholder Zibo Qixiang Petrochemical Group Co., Ltd. (hereinafter referred to as “Qixiang group”) and its concerted actor cedar Industry Group Co., Ltd. (hereinafter referred to as “Cedar industry”). In view of the uncertainty of the matter, in order to ensure fair information disclosure, To safeguard the interests of investors and avoid abnormal fluctuations in the company’s share price, the company’s shares (stock abbreviation: Zibo Qixiang Tengda Chemical Co.Ltd(002408) , stock code: Zibo Qixiang Tengda Chemical Co.Ltd(002408) ) and convertible corporate bonds (bond abbreviation: Qi Xiangzhuan 2, bond Code: 128128) were suspended for no more than two trading days from the opening of the market on Monday, March 7, 2022, The trading will continue to be suspended for no more than three trading days from the opening of the market on Wednesday, March 9, 2022. See the details disclosed by the company in the securities times, securities times and China Securities Journal on March 7, 2022 Announcement on the change of controlling shareholders’ planning control and suspension of major events (Announcement No.: 2022014) and announcement on the progress of suspension and extension of resumption of Trading (Announcement No.: 2022015) on Shanghai Securities News and cninfo.com. 2、 Progress introduction
During the suspension, Qixiang group and cedar industry actively negotiated with the acquirer on the change plan of the company’s control. Because the company recently received a notice from the controlling shareholder Qixiang group and learned that Qixiang group received the advance notice of administrative punishment issued by Shandong regulatory bureau of China Securities Regulatory Commission, according to the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange, Qixiang group will not be able to directly transfer the equity of listed companies for six months. At present, Qixiang group and cedar industry are further negotiating with the acquirer on other plans for planning the change of control of the company. The company will timely perform the obligation of information disclosure according to the progress of the above matters.
3、 Arrangement for resumption of trading of company shares and convertible corporate bonds
In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 6 – suspension and resumption of trading, the company now applies to Shenzhen Stock Exchange, The trading of the company’s shares (stock abbreviation: Zibo Qixiang Tengda Chemical Co.Ltd(002408) , stock code: Zibo Qixiang Tengda Chemical Co.Ltd(002408) ) and convertible corporate bonds (bond abbreviation: Qi Xiangzhuan 2, bond Code: 128128) will resume from the opening of the market on Monday, March 14, 2022. 4、 Risk tips
The transfer registration can only be handled after the acquirer completes all due diligence, the parties sign the share transfer agreement and perform relevant approval and confirmation procedures. Whether the above approval and confirmation procedures can be passed and the time of passing are still uncertain.
This transaction will not affect the normal production and operation of the company. The company will timely perform the obligation of information disclosure according to the progress of the matter. The information disclosure media designated by the company are China Securities News, Shanghai Securities News, securities times, securities daily and cninfo（ http://www.cn.info.com.cn. ）, please pay attention to relevant announcements and pay attention to investment risks. It is hereby announced.
Zibo Qixiang Tengda Chemical Co.Ltd(002408) board of directors
March 14, 2022
