Securities code: Pingdingshan Tianan Coal Mining Co.Ltd(601666) stock abbreviation: Pingdingshan Tianan Coal Mining Co.Ltd(601666) No.: 2022040
Pingdingshan Tianan Coal Mining Co.Ltd(601666)
Announcement on the handling of guarantee and trust registration by controlling shareholders
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. On April 2, 2022, Pingdingshan Tianan Coal Mining Co.Ltd(601666) (hereinafter referred to as “the company”) issued the announcement on the non-public development of exchangeable corporate bonds by the controlling shareholder to obtain the no objection letter from Shanghai Stock Exchange, China Pingmei Shenma energy and Chemical Group Co., Ltd. (hereinafter referred to as “China Pingmei Shenma Group”) plans to issue non-public exchangeable corporate bonds with a total amount of no more than 1.5 billion yuan, which meets the listing and transfer conditions of Shanghai Stock Exchange, and Shanghai Stock Exchange has no objection to its listing and transfer.
The company recently received a written notice from China Pingmei Shenma Group that China Pingmei Shenma Group plans to issue non-public exchangeable corporate bonds (phase I). The guarantee measures for the issuance of exchangeable bonds in this phase are the underlying stock guarantee and trust registration. China Pingmei Shenma Group will take part of the company’s A-share shares legally held by China Pingmei Shenma Group as guarantee and trust property and handle guarantee and trust registration, In order to ensure that the holders of current bonds exchange the underlying shares and the principal and interest of current exchangeable bonds are paid in full and on time as agreed.
According to the detailed rules for registration and settlement of exchangeable corporate bonds of China Securities Depository and Clearing Co., Ltd.:
1. China Pingmei Shenma Group has signed the guarantee and trust contract with Ping An Securities Co., Ltd. (hereinafter referred to as “Ping An Securities”), the trustee of the exchangeable bonds, which stipulates the A-share shares of the company and their fruits to be used for exchange, And the cash paid to the special account of guarantee and trust in order to maintain the guarantee proportion of stock market value is the guarantee and trust property of this issuance of exchangeable bonds (hereinafter referred to as “guarantee and trust property”);
2. Ping An Securities has opened a special securities account for exchangeable corporate bond guarantee and trust in Shanghai Branch of China Securities Depository and Clearing Co., Ltd., which is called “China Pingmei Shenma Group – Ping An Securities – 22 pingshen E1 guarantee and trust property special account”;
3. China Pingmei Shenma Group and Ping An Securities will apply to China Securities Depository and Clearing Co., Ltd. Shanghai Branch for guarantee and trust registration before the issuance of the bonds, that is, China Pingmei Shenma Group holds a total of 125 million underlying shares, accounting for about 5.40% of the total issued share capital of the company, which will be transferred to the special account for guarantee and trust;
4. The guarantee and trust property will be held in the name of Ping An Securities, and “China Pingmei Shenma Group – Ping An Securities -22 Ping Shen E1 guarantee and trust property special account” will be registered on the register of securities holders of the company as the securities holder;
5. When exercising the voting right, Ping An Securities will handle it according to the opinions of China Pingmei Shenma Group, but shall not damage the interests of current exchangeable bondholders.
After the guarantee and trust registration of the above 125000000 shares, the securities account of “China Pingmei Shenma energy and Chemical Group Co., Ltd.” will hold 1092013272 A shares of the company, accounting for about 47.17% of the total share capital of the company; “China Pingmei Shenma Group – Ping An Securities – 22 pingshen E1 guarantee and trust property special account” will hold 125 million A-Shares of the company, accounting for about 5.40% of the total share capital of the company.
The company will timely disclose the completion of the above-mentioned guarantee and trust registration and the follow-up matters of this exchangeable bond issuance in strict accordance with relevant regulatory provisions.
It is hereby announced.
Pingdingshan Tianan Coal Mining Co.Ltd(601666) board of directors
April 14, 2022
