Securities code: Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) securities abbreviation: Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) Announcement No.: 2022042 Zhejiang Provincial New Energy Investment Group Co.Ltd(600032)
Announcement on reducing Qianjiang Water Resources Development Co; Ltd(600283) shares at the right time
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.
Important content tips:
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) (hereinafter referred to as "the company") plans to reduce the total number of shares of Qianjiang Water Resources Development Co; Ltd(600283) Development Co., Ltd. (hereinafter referred to as " Qianjiang Water Resources Development Co; Ltd(600283) ") held by Qianjiang Water Resources Development Co; Ltd(600283) Development Co., Ltd. (hereinafter referred to as " Qianjiang Water Resources Development Co; Ltd(600283) "), which accounts for no more than 10% of the total share capital of Qianjiang water conservancy, and the implementation period is the fiscal year since the approval of the board of directors of the company.
This transaction does not constitute related party transactions and major asset restructuring.
This transaction has been deliberated and approved at the 36th meeting of the first board of directors held on May 22, 2022, and does not need to be submitted to the general meeting of shareholders for deliberation.
1、 Transaction overview
On May 22, 2022, the company held the 36th meeting of the first board of directors, deliberated and approved the proposal on reducing Qianjiang Water Resources Development Co; Ltd(600283) shares at the right time, and agreed that the company would reduce the total number of Qianjiang Water Resources Development Co; Ltd(600283) shares held by the company at the right time through the centralized bidding trading of Shanghai Stock Exchange, which shall not exceed 35299600 shares, and the implementation period shall be the fiscal year since the approval of the board of directors of the company, And authorize the company's management to handle relevant disposal matters. The disposal of assets does not constitute a related party transaction or a major asset reorganization. According to the relevant provisions of the articles of association and the Listing Rules of Shanghai Stock Exchange, the proposal does not need to be submitted to the general meeting of shareholders for deliberation.
2、 Basic information of transaction object
Transaction object: Qianjiang Water Resources Development Co; Ltd(600283) (Stock Code: Qianjiang Water Resources Development Co; Ltd(600283) )
Number of shares held by the company: 89802172 shares
Source of shares: shares obtained before initial public offering, subscription of private placement and centralized bidding transaction in the secondary market.
Number of shares to be reduced: the company plans to reduce no more than 35299600 shares, accounting for no more than 10% of Qianjiang Water Resources Development Co; Ltd(600283) total share capital. The reduction period is the fiscal year since the date of approval by the board of directors, and authorizes the management of the company to deal with relevant disposal matters.
3、 Authorization matters involved in the transaction
The board of directors agrees to authorize the management of the company to reduce the total number of Qianjiang Water Resources Development Co; Ltd(600283) shares held by the company to no more than 352996 million shares through the centralized bidding trading mode of Shanghai stock exchange according to the market environment, stock market and company funds, and the implementation period is the fiscal year from the date of approval by the board of directors of the company. 4、 Transaction purpose and impact on the company
The company has long been firmly optimistic about the future development of Qianjiang Water Resources Development Co; Ltd(600283) and the development prospect of its industry. This reduction of Qianjiang Water Resources Development Co; Ltd(600283) shares is only based on the actual business needs of the company to optimize the company's asset structure and improve operating efficiency, without affecting the company's position as the main shareholder of Qianjiang Water Resources Development Co; Ltd(600283) company. It will not affect the independence of the listed company and is in line with the interests of the company and all shareholders. There is no situation that damages the interests of the company and its shareholders, especially the minority shareholders. The deliberation and resolution procedures of this reduction comply with the relevant provisions of laws, regulations and the articles of association, and do not harm the interests of the company and all shareholders.
5、 Relevant risk tips
Whether and how to implement the reduction plan will be determined according to the market conditions and Qianjiang Water Resources Development Co; Ltd(600283) share price. There are uncertainties in the time, quantity and price of the reduction plan and whether it is completed on schedule. Due to the high volatility of stock price in the securities market, there is great uncertainty in the return of reduction. The company will timely fulfill the obligation of information disclosure according to the progress of share reduction.
It is hereby announced.
Zhejiang Provincial New Energy Investment Group Co.Ltd(600032) board of directors may 22, 2022
