Notice of the board of directors of Shanghai Xianhui Automation Technology Co., Ltd
Explanation that this transaction complies with the provisions of article 11.2 of the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange and Article 7 of the review rules for re ⼤ asset restructuring of companies listed on the science and Innovation Board of Shanghai Stock Exchange
Shanghai Xianhui Automation Technology Co., Ltd. (hereinafter referred to as the "company") plans to acquire 51% equity of Ningde Dongheng Machinery Co., Ltd. (hereinafter referred to as the "target company") in the current form (hereinafter referred to as the "transaction"). After the completion of this transaction, the company will realize the holding of the target company.
In accordance with Article 11.2 of the Listing Rules of Shanghai Stock Exchange's science and innovation board and Article 7 of the review rules of Shanghai Stock Exchange's science and innovation board listed companies on heavy asset restructuring, "The target assets shall conform to the positioning of the science and innovation board, and the industry to which they belong shall be in the same industry or upstream and downstream with the science and innovation company. The target assets shall have a synergistic effect with the main business of the listed company, which is conducive to promoting the integration and upgrading of the main business and improving the sustainable operation ability of the listed company."
The target company of this transaction and the listed company jointly serve the field of new energy power batteries and new energy steam.
According to the classification of strategic emerging industries (2018) issued by the National Bureau of statistics, the industry of the target company is "5.2 manufacturing of new energy steam devices and accessories" and "5.2.3 manufacturing of new energy steam parts and accessories" of "5. New energy steam industry". The main products of the target company are precision structural parts of new energy power batteries, which belong to the key products in the classification of strategic emerging industries (2018). According to the decision of the State Council on accelerating the cultivation and development of strategic emerging industries, the subject company's main business serves the new energy automobile industry, which is a strategic emerging industry currently held by the state.
According to the Interim Provisions on the listing application and recommendation of enterprises on the science and Innovation Board of Shanghai Stock Exchange, the target company belongs to the field of ("V) energy conservation and environmental protection, mainly including" energy-efficient and energy-saving products and equipment, advanced environmental protection technology and equipment, advanced environmental protection products, resource recycling ⽤, new energy steam ⻋ integration ⻋, new energy steam ⻋ key parts, power ⼒ batteries and related services ", which is in line with the positioning of the science and innovation board.
After the completion of the transaction, the two sides can achieve synergy in technology development, customer resources, etc., which is conducive to promoting the integration and upgrading of main business and improving the company's sustainable operation.
In conclusion, this transaction complies with Article 11.2 of the Listing Rules of the science and innovation board and Article 7 of the reorganization review rules of the science and innovation board. It is hereby explained.
(the following ⽆ positive ⽂)
