Securities code: Zhe Kuang Heavy Industry Co.Ltd(300837) securities abbreviation: Zhe Kuang Heavy Industry Co.Ltd(300837) Announcement No.: 2022017 Zhe Kuang Heavy Industry Co.Ltd(300837)
On the termination of the issuance of shares to specific objects in 2021 through summary procedures
And announcement of planning to issue convertible corporate bonds to unspecified objects
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Termination of the issue of shares to specific objects through summary procedures
(1) Basic information of the company issuing shares to specific objects through summary procedures in 2021
Zhe Kuang Heavy Industry Co.Ltd(300837) (hereinafter referred to as ” Zhe Kuang Heavy Industry Co.Ltd(300837) ” or “the company”) held the 10th meeting of the 3rd board of directors and the 10th meeting of the 3rd board of supervisors on March 19, 2021, held the company’s 2020 annual general meeting on April 13, 2021, considered and approved the proposal on the company’s plan to issue shares to specific objects in 2021 through summary procedures and other relevant proposals, The number of shares to be issued shall not exceed 30 million (including this number), and the total amount of funds raised shall not exceed (including) 150 million yuan.
(2) Reasons for terminating the issuance of shares to specific objects through summary procedures in 2021
In view of the new adjustments and changes in the market financing environment and the company’s business planning since the previous plan for issuing shares to specific objects through simple procedures was released, in order to better achieve the business development objectives and formulate a financing plan more in line with the actual needs, the company decided to terminate the plan for issuing shares to specific objects through simple procedures in 2021 after careful analysis and communication and demonstration with intermediaries.
(3) Terminate the review procedure of issuing shares to specific objects through summary procedure in 2021
The company held the 17th meeting of the third board of directors and the 16th meeting of the third board of supervisors on April 21, 2022, deliberated and approved the proposal on terminating the issuance of shares to specific objects in 2021 and planning to issue convertible corporate bonds to unspecified objects, and agreed to terminate the scheme of issuing shares to specific objects in 2021. Since the company’s 2020 annual general meeting of shareholders has authorized the board of directors to handle matters related to the company’s issuance of shares to specific objects in 2021 through simple procedures, this termination need not be submitted to the general meeting of shareholders for deliberation.
The independent directors expressed independent opinions on the company’s decision to terminate the issuance of shares to specific objects in 2021 and plan to issue convertible corporate bonds to unspecified objects: the company’s decision to terminate the issuance of shares to specific objects in 2021 in accordance with the company’s business development plan, relevant laws and regulations and the articles of association. The board of directors of the company performed the necessary procedures when considering the proposal, The company’s termination of issuing shares to specific objects through summary procedures in 2021 will not have a material impact on the company’s production and operation activities. To sum up, we agree that the company will terminate matters related to the issuance of shares to specific objects through summary procedures in 2021.
2、 Planning to issue convertible corporate bonds to unspecified objects
Based on the needs of business development, the company plans to issue convertible corporate bonds to unspecified objects. In view of the fact that the company has made some progress in the proposed fund-raising investment project “construction waste resource recycling equipment production base construction project (phase I)” since the previous announcement of the plan for issuing shares to specific objects through simple procedures, the proposal on the company’s plan for issuing convertible corporate bonds to unspecified objects was deliberated and adopted at the 17th meeting of the third board of directors and the 16th meeting of the third board of supervisors, The company plans to adjust the above projects to one of the investment projects of raising funds by issuing convertible corporate bonds to unspecified objects, and continue to implement and promote them. The issue of convertible corporate bonds to unspecified objects needs to be considered by the general meeting of shareholders and approved by relevant departments. There are also uncertainties about whether it can pass the approval and the time when it will be finally approved.
It is hereby announced.
Zhe Kuang Heavy Industry Co.Ltd(300837) board of directors April 25, 2022
