Securities Announcement No.: Luxshare Precision Industry Co.Ltd(002475)
Bond Code: 128136 bond abbreviation: Lixun convertible bond
Luxshare Precision Industry Co.Ltd(002475)
Voluntary information disclosure announcement on the progress of the acquisition of the controlling interest of convergence technology Co., Ltd
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、 Basic information of this acquisition
February 12, 2022, Luxshare Precision Industry Co.Ltd(002475) (hereinafter referred to as “the company”) disclosed the voluntary information disclosure announcement on the acquisition of the controlling interest of convergence technology Co., Ltd.: the company plans to acquire datatech investment Inc. (hereinafter referred to as “seller 1”) at HK $0.80 per share through luxshare precision Limited ( Luxshare Precision Industry Co.Ltd(002475) Co., Ltd., an overseas wholly-owned subsidiary Time interconnect Holdings Limited (hereinafter referred to as “seller 2”) holds 204930000 shares of time interconnect technology Limited (Stock Code: 01729. HK, hereinafter referred to as “convergence technology”), a company listed on the main board of the stock exchange of Hong Kong Limited, respectively (as of February 11, 2022, accounting for about 11.09%) “Target share 1”), 1175070000 shares (as of February 11, 2022, accounting for about 63.58%, hereinafter referred to as “target share 2”, together with target share 1, referred to as “target share”) (hereinafter referred to as “this acquisition”).
See cninfo.com, the company’s designated information disclosure website, for the above contents（ http://www.cn.info.com.cn. ）Voluntary information disclosure announcement on the acquisition of the controlling interest of convergence technology Co., Ltd. (Announcement No.: 2022005). 2、 Progress of this acquisition
As of March 16, 2022, luxshare precision has paid the total purchase price of HK $1104000000 to seller 1 and seller 2 in full, and completed the delivery of all subject shares. After the completion of the delivery, luxshare precision holds a total of 138 million shares of convergence technology, accounting for about 72.18% of the total issued share capital of convergence technology as of March 16, 2022.
After the completion of the closing, luxshare precision, as the offeror, will, in accordance with the Hong Kong Code on corporate acquisitions, mergers and share repurchases (hereinafter referred to as the “code”), etc, Issue a mandatory unconditional cash offer for the acquisition of all issued shares of convergence technology and the cancellation of all outstanding share options (excluding those already held by luxshare precision and its concerted actors) (hereinafter referred to as “this offer”). Luxshareprecision and convergence technology will publish the comprehensive offer and supporting documents jointly issued to the offeror shareholders and the offer option holders in accordance with the code.
The company will pay close attention to the progress of this offer and perform the obligation of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. Please pay attention to the company’s designated information disclosure media and cninfo（ http://www.cn.info.com.cn. ）And pay attention to investment risks.
It is hereby announced.
Luxshare Precision Industry Co.Ltd(002475) board of directors
March 16, 2022
