Shanghai Liangxin Electrical Co.Ltd(002706) ( Shanghai Liangxin Electrical Co.Ltd(002706) ) announced on March 18 that the company recently received the reply on approving Shanghai Liangxin Electrical Co.Ltd(002706) non-public development of shares from the CSRC. If the CSRC approves the company’s non-public issuance of no more than 204 million new shares, and the total share capital is changed due to the conversion of share capital, the number of this issuance can be adjusted accordingly. The issuance of shares shall be carried out in strict accordance with the application documents submitted by the company to the CSRC, and the reply shall be valid within 12 months from the date of approval of the issuance. In addition, from the date of approval of the issuance to the end of this stock issuance, if the company has major events, it shall timely report to the CSRC and deal with them in accordance with relevant regulations.
Shanghai Liangxin Electrical Co.Ltd(002706) said that the board of directors of the company will handle the matters related to the non-public offering of shares within the specified time limit in accordance with the requirements of relevant laws and regulations, the above reply documents and the relevant authorization of the general meeting of shareholders of the company, and timely perform the relevant information disclosure obligations.
