Stock abbreviation: Shanghai Diesel Engine Co.Ltd(600841) Shangchai B Share Stock Code: Shanghai Diesel Engine Co.Ltd(600841) 900920 No.: lin2022014 Shanghai new power automobile technology Co., Ltd
Announcement on the proposed change of the abbreviation of the securities company
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:
Abbreviation of changed A-share Securities: power Xinke
Abbreviation of changed B-share Securities: power B-share
English abbreviation after change: SNAT
The change of the abbreviation is subject to the final approval of Shanghai Stock Exchange. The company will timely perform the obligation of information disclosure according to the progress. Please pay attention to the risks
● the company’s A-share securities code ” Shanghai Diesel Engine Co.Ltd(600841) ” and B-share securities code “900920” remain unchanged
1、 The board of directors of the company reviewed the change of securities abbreviation
On March 17, 2021, the second session of the 10th board of directors of Shanghai New Power Automotive Technology Co., Ltd. (hereinafter referred to as “the company”) deliberated and adopted the proposal on changing the company’s securities abbreviation, agreeing that the company will change the abbreviation of A-share securities from ” Shanghai Diesel Engine Co.Ltd(600841) ” to “power Xinke”, the abbreviation of B-share securities from “Shangchai B-share” to “power B-share”, and the abbreviation of English name from “SDEC” to “SNAT”, A-share securities code ” Shanghai Diesel Engine Co.Ltd(600841) ” and B-share securities code “900920” remain unchanged.
2、 Reasons for the change of securities abbreviation by the board of directors of the company
In 2021, the company completed major asset restructuring. In order to better reflect the business structure after restructuring and the new business of future industry development, and better serve the future business development, the company
The eighth extraordinary meeting of the board of directors in 2021 was held on November 23, 2021, which considered and approved the proposal on changing the company’s name. After the deliberation and approval of the second extraordinary general meeting of shareholders in 2021 held on December 6, 2021, the company agreed to change the company’s name ” Shanghai Diesel Engine Co.Ltd(600841) ” to “Shanghai new power automobile technology Co., Ltd.”. At the end of 2021, the company has obtained the industrial and commercial business license approved and renewed by Shanghai market supervision and Administration Bureau, and the company name has been officially changed to “Shanghai new power automobile technology Co., Ltd.”.
In view of the change of the company’s name, in order to conform to the company’s strategic development plan and more accurately reflect the company’s actual operation and future business development trend, and considering the common power attributes of engines and heavy trucks and the continuation and development of brands, the company plans to change the abbreviation of A-share securities from ” Shanghai Diesel Engine Co.Ltd(600841) ” to “power Xinke”, and the abbreviation of B-share securities from “Shangchai B-share” to “power B-share”, The English name abbreviation is changed from “SDEC” to “SNAT”, and the A-share securities code ” Shanghai Diesel Engine Co.Ltd(600841) ” and B-share securities code “900920” remain unchanged.
3、 Risk tips on changing the abbreviation of securities
The change of the company’s securities abbreviation has been approved by the board of directors of the company. The change of the securities abbreviation shall be subject to the final approval result of Shanghai Stock Exchange. The company will timely perform the obligation of information disclosure according to the progress. Please pay attention to the risks.
The company does not use the change of securities abbreviation to affect the company’s share price and mislead investors, which is in line with the relevant provisions of the company law, securities law and other relevant laws and regulations and the articles of association. The change of securities abbreviation is in line with the company’s overall development strategy and does not damage the interests of the company and minority shareholders.
It is hereby announced.
Board of directors of Shanghai New Power Automotive Technology Co., Ltd
March 17, 2022
