A-share Stock Code: Northeast Electric Development Company Limited(000585) A-share stock abbreviation: Northeast Electric Development Company Limited(000585) Announcement No.: 2022020 Northeast Electric Development Company Limited(000585)
With regard to the announcement of the court ruling that the company’s indirect controlling shareholders and controlling shareholders have completed the implementation of the reorganization plan, the company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
Important content tips:
On February 10, 2021, Hainan Higher People’s Court (hereinafter referred to as “Hainan high court” or “court”) ruled to accept the reorganization case of creditors against HNA Group Co., Ltd. (hereinafter referred to as “HNA Group”), the indirect controlling shareholder of Northeast Electric Development Company Limited(000585) (hereinafter referred to as “Northeast Electric” or “company”), For details, see the announcement on the court ruling to accept the reorganization of indirect controlling shareholders (Announcement No.: 2021006) disclosed by the company on February 10, 2021.
On March 13, 2021, Hainan high court ruled to accept the creditor’s reorganization case against Beijing haihongyuan Investment Management Co., Ltd. (hereinafter referred to as “Beijing haihongyuan”), the controlling shareholder of Northeast Electric. For details, see the announcement on court ruling to accept the reorganization of the controlling shareholder of the company (Announcement No.: 2021011) disclosed by the company on March 15, 2021.
On October 31, 2021, Hainan high court ruled to approve the reorganization plan of substantive merger and reorganization of 321 companies including HNA Group Co., Ltd. (hereinafter referred to as the “reorganization plan”). For details, see the announcement on the court’s ruling to approve the reorganization plan of indirect controlling shareholders and controlling shareholders of the company (Announcement No.: 2021068) disclosed by the company on October 31, 2021.
On April 24, 2022, Hainan high court made a civil ruling [(2021) qiongpo No. 383-1], ruling that 321 companies including HNA Group Co., Ltd. had completed the reorganization plan of substantive merger and reorganization of 321 companies including HNA Group Co., Ltd., which was the final ruling.
1、 Preliminary progress of related reorganization
On January 30, 2021, the company disclosed the suggestive announcement on the application for reorganization of indirect controlling shareholders by creditors (Announcement No.: 2021002), and on February 10, 2021, the announcement on the acceptance of indirect controlling shareholders by court ruling
Announcement on the reorganization of shareholders (Announcement No.: 2021006), announcement on the court’s ruling to accept the reorganization of controlling shareholders of the company (Announcement No.: 2021011) on March 15, 2021, announcement on the convening and voting results of the second creditors’ meeting of the reorganization of indirect controlling shareholders and controlling shareholders (Announcement No.: 2021063) on October 24, 2021 On October 31, 2021, the announcement on the court’s ruling to approve the reorganization plan of the company’s indirect controlling shareholders and controlling shareholders (Announcement No.: 2021068) was disclosed.
2、 Relevant progress
On April 24, 2022, the company received the notice from the indirect controlling shareholder HNA Group, The main contents are as follows: “on April 24, 2022, HNA Group received the civil ruling [(2021) qiongpo No. 383-1] served by Hainan Higher People’s court, which confirmed that 321 companies such as HNA Group had completed the reorganization plan of substantive merger and reorganization of 321 companies such as HNA Group, and the ruling was final”.
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It is hereby announced
Northeast Electric Development Company Limited(000585) board of directors April 24, 2022
