Securities code: Qingdao Huijintong Power Equipment Co.Ltd(603577) securities abbreviation: Qingdao Huijintong Power Equipment Co.Ltd(603577) Announcement No.: 2022039 Qingdao Huijintong Power Equipment Co.Ltd(603577)
About the cash acquisition of Chongqing Jiangdian power equipment by a wholly-owned subsidiary
Progress announcement of 80% equity of Co., Ltd
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.
1、 Overview of this connected transaction
Qingdao Huijintong Power Equipment Co.Ltd(603577) (hereinafter referred to as “the company”) deliberated and approved the proposal on cash acquisition of 80% equity and related party transactions of Chongqing Jiangdian Power Equipment Co., Ltd. by a wholly-owned subsidiary at the second meeting of the Fourth Board of directors and the second meeting of the Fourth Board of supervisors held on February 23, 2022, It is agreed that Qingdao Huadian offshore equipment Co., Ltd. (hereinafter referred to as “Qingdao Huadian”), a wholly-owned subsidiary of the company, will acquire 80% equity of Chongqing Jiangdian Power Equipment Co., Ltd. (hereinafter referred to as “Chongqing Jiangdian”) held by the related party Hebei Jinxi Section Steel Co., Ltd. (hereinafter referred to as “Jinxi section steel”) for cash of RMB 284 million. On the same day, Qingdao Huadian and Jinxi section steel signed the equity transfer agreement between Hebei Jinxi Section Steel Co., Ltd. and Qingdao Huadian Marine Equipment Co., Ltd. on Chongqing Jiangdian Power Equipment Co., Ltd. with effective conditions (hereinafter referred to as the equity transfer agreement).
On March 11, 2022, the second extraordinary general meeting of the company in 2022 deliberated and approved the proposal on the cash acquisition of 80% equity and related party transactions of Chongqing Jiangdian Power Equipment Co., Ltd. by a wholly-owned subsidiary. The conditional effective equity transfer agreement signed by Qingdao Huadian and Jinxi section steel has officially come into force. Both parties shall handle the payment of equity transfer price, industrial and commercial change registration of the subject equity and other matters in accordance with the equity transfer agreement. For details, please refer to the company’s announcement at the Shanghai Stock Exchange (www.sse. Com. CN.) on February 24, 2022 Announcement of the company on cash acquisition of 80% equity and related party transactions of Chongqing Jiangdian Power Equipment Co., Ltd. by a wholly-owned subsidiary (2022012).
2、 Progress of this connected transaction
On April 2, 2022, the industrial and commercial change registration procedures for Qingdao Huadian to acquire 80% equity of Chongqing Jiangdian have been completed, and the business license renewed by Chongqing Jiangjin district market supervision and Administration Bureau has been obtained. The transaction settlement has been completed, and Chongqing Jiangdian, as a holding subsidiary, will be included in the scope of the company’s consolidated statements.
The basic information of the business license is as follows:
Unified social credit Code: 91500116203595163m
Name: Chongqing Jiangdian Power Equipment Co., Ltd
Type: limited liability company
Address: No. 65-6, Changjiang Road, degan street, Jiangjin District, Chongqing (Jiangdian bolt workshop building)
Legal representative: Liu Jie
Registered capital: 60 million yuan only
Date of establishment: July 10, 1996
Business term: July 10, 1996 to permanent
Business scope: licensed projects: Grade III professional contracting of steel structure engineering, grade III professional contracting of urban and road lighting engineering (for projects that must be approved according to law, business activities can be carried out only with the approval of relevant departments, and the specific business projects shall be subject to the approval documents or licenses of relevant departments). General projects: processing and sales: transmission line iron tower, steel pipe tower series and its iron accessories, fittings, fasteners, and a full series of communication microwave tower, Post and Telecommunications iron accessories, fittings, bridge frame, special-shaped formwork, street lamp pole, expressway safety guardrail, column, marker pole and its steel structure products, electrified railway steel structure products; Hot dip galvanizing and plastic spraying; A full range of foreign trade operations of transmission line towers and communication microwave towers (except those specially stipulated by the state); Provide: technical consulting services; Design, manufacture and sales: precision molds, precision stamping parts and precision injection molding parts; Sales: steel, household appliances; Manual handling and loading services (except for the items that must be approved according to law, carry out business activities independently according to law with the business license)
It is hereby announced.
Qingdao Huijintong Power Equipment Co.Ltd(603577) the board of directors reported the document on April 6, 2022
Business license of Chongqing Jiangdian Power Equipment Co., Ltd
