Clean energy service provider with value creativity
Jiangxi Jovo Energy Co.Ltd(605090)
The reorganization complies with the provisions of the regulations on regulating the major asset reorganization of listed companies
Explanation of Article 4 of the provisions on issues
Jiangxi Jovo Energy Co.Ltd(605090) (hereinafter referred to as "the company" or "the listed company") intends to issue shares, convertible corporate bonds and pay cash to 53 shareholders of Sichuan Yuanfeng Sentai Energy Group Co., Ltd. (hereinafter referred to as "Sentai energy") such as newsources and Li Wanling to purchase 100% shares of Sentai energy held by them. Meanwhile, the listed company plans to issue convertible corporate bonds to no more than 35 specific investors to raise supporting funds (hereinafter referred to as "this transaction"). The company has carefully analyzed whether this transaction complies with Article 4 of the provisions on Several Issues concerning the regulation of major asset restructuring of listed companies. After analysis, the board of directors of the company believes that:
1. This transaction does not involve project approval, environmental protection, industry access, land use, planning, construction and other related matters. The matters related to the approval of the board of directors and the general meeting of shareholders of the listed company, the review of business concentration and the approval of the China Securities Regulatory Commission involved in this transaction have been disclosed in detail in the report on Jiangxi Jovo Energy Co.Ltd(605090) issuing shares, convertible corporate bonds, paying cash to purchase assets and raising supporting funds (Draft), and special tips have been made on the risks that may not be approved;
2. The counterparty has legal and complete rights to the underlying equity, and there is no restriction or prohibition on transfer. The subject company does not have any false capital contribution or affect its legal existence;
3. This transaction is conducive to improving the integrity of the company's assets and maintaining the independence of the company in business, finance, personnel and institutions;
4. This transaction will help the company improve its financial situation, enhance its sustainable profitability, highlight its main business, enhance its anti risk ability, enhance its independence, reduce related party transactions and avoid horizontal competition.
In conclusion, the company believes that this transaction complies with the provisions of Article 4 of Jiangxi Jovo Energy Co.Ltd(605090) provisions on Several Issues concerning the regulation of major asset restructuring of listed companies.
It is hereby explained.
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Clean energy service provider with value creativity (this page has no text, which is the seal page of Jiangxi Jovo Energy Co.Ltd(605090) about the conformity of this reorganization with the provisions of Article 4 of the provisions on regulating several issues of major asset reorganization of listed companies)
Jiangxi Jovo Energy Co.Ltd(605090) May 23, 2022
