Changhong Energy held a recent board of directors to review matters related to the reorganization of major assets

On July 19, 2022, Changhong Energy (836239.BJ), a listed company of the Beijing Stock Exchange, recently issued a reminder announcement on the proposed major asset reorganization items.

The announcement shows that Sichuan Changhong New Energy Technology Co., Ltd. (hereinafter referred to as "listed company" or "company") intends to terminate major asset reorganization matters. The termination of the major asset reorganization needs to be reviewed and approved by the company's relevant procedures.

The company will recently convene a board of directors to review the relevant matters of the termination of the major asset reorganization. The company will timely disclose relevant announcements to terminate the major asset reorganization in a timely manner.

The company intends to issue shares and pay cash to buy Yang Qingxin, Zhao Xuedong, and Taixing Zhongjie New Energy Partnership (Limited Partnership), a total of 33.17%of the shares of a minority shareholder of Changhong Sanjie New Energy Co., Ltd. Elimination of Electronic Holding Group Co., Ltd. and the company's first phase of employee holding plans, etc., eligible investors issued shares to raise supporting funds (hereinafter referred to as "this transaction" or "major asset reorganization").

The company held the third meeting of the third board of directors on February 28, 2022, reviewed and approved the proposal related to the transaction, and disclosed the "Sichuan Sichuan on March 2, 2022," Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash purchase assets and raised supporting funds and related transaction reports (draft) and its summary related documents.

This transaction constitutes a major asset reorganization. After applying to the Beijing Stock Exchange, the company's shares have been suspended from January 24, 2022. For details Announcement of the Company Stock Exuse Train ".

During the suspension, the company actively organized relevant parties to promote the relevant work of this major asset reorganization. The company held the second meeting of the third board of directors on February 7, 2022 to review and approve the "Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash to purchase assets and raise supporting funds and related transaction plans" and it. Summary Proposal "and other proposals related to this transaction, and disclosed the" Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash purchase assets and raised supporting funds and affiliated transaction plans "on February 8, 2022 Abstract and other related documents.

On February 9, 2022, the company disclosed the "Sichuan Changhong New Energy Technology Co., Ltd. Stock Rejuvenation Announcement". The company's shares opened on February 10, 2022. Subsequently, the company and various intermediaries comprehensively promoted the related work of this transaction.

After completing various tasks such as audit and evaluation, the company held the third meeting of the third board of directors on February 28, 2022 to review and approve the official plan and related bills of this transaction, and disclosed the "Sichuan Sichuan on March 2, 2022," Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash purchase assets and raised supporting funds and related transaction reports (draft) and its summary related documents.

On March 8, 2022, the company received the "Reorganization Inquiry Letter to Sichuan Changhong New Energy Technology Co., Ltd." issued by the Beijing Stock Exchange. For details, please refer to the "Announcement of Sichuan Changhong New Energy Technology Co., Ltd. on March 9, 2022," Sichuan Changhong New Energy Technology Co., Ltd. received the Beijing Stock Exchange's reorganization inquiry letter ".

According to the relevant requirements of the inquiry letter, the company and intermediary agencies conducted a positive and serious verification, analysis and research on relevant issues, and implemented and responded themselves. The corresponding amendment will be held on March 11, 2022 to hold the fourth meeting of the third board of directors to review and approve the "Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash to purchase assets and raise supporting funds and related transaction reports reports (Draft) (Revised Draft)> Proposal for Summary.

For details, please refer to the announcement of the "Sichuan Changhong New Energy Technology Co., Ltd. on the Beijing Stock Exchange's" Sichuan Changhong New Energy Technology Co., Ltd. ", which was disclosed on March 11, 2022. "," Sichuan Changhong New Energy Technology Co., Ltd. issued shares and pay cash purchase assets and raised supporting funds and related transaction reports (draft drafts) and its abstracts.

On March 14, 2022, the company convened the fifth meeting of the third board of directors to review and approve the "Proposal on Holding the first interim shareholders' meeting in 2022", and it was planned to hold the first interim shareholder of 2022 on March 29, 2022. The conference reviewed the concubine related proposal, etc., and disclosed the "Notice on the Notice on the Notice of the First Interim Sharery General Assembly in 2022" on March 14, 2022.

As of March 24, 2022, due to the approval of Mianyang City, in accordance with the relevant matters involving the asset reorganization project, in accordance with the requirements of the "State -owned Equity Supervision and Administration Measures of Listed Companies" (Order No. 36) Conditions at the shareholders' meeting of the relevant proposal, the company disclosed the "Announcement of Sichuan Changhong New Energy Technology Co., Ltd. on the First Interim Sharers Congress of 2022" and "Sichuan Changhong New Energy Technology in 2022" on March 24, 2022 The company's company's notice of notification of the first temporary shareholders' meeting in 2022 (after providing network voting and proposal adjustment) ". On April 28, May 27, and June 28, 2022, in accordance with the requirements of the "Guidelines for the major asset reorganization business of the Beijing Stock Exchange", the company disclosed the "Sichuan Changhong New Energy Technology Co., Ltd. Announcement of Progress.

As of the disclosure of this announcement, the company has fulfilled the relevant decision -making procedures in accordance with the relevant provisions of laws and regulations and regulatory documents such as the "Administrative Measures for the Reorganization of the Major Assets of Listed Companies", disclosed relevant information in a timely manner, and reminded the majority of investors this time this time Uncertainty risks of major asset reorganization matters.

Changhong Energy said that since the planning of major asset reorganizations, the company has strictly followed the requirements of relevant laws and regulations, organizing intermediary agencies to conduct due diligence and other related tasks, and actively promotes this transaction related matters. In view of the longer reorganization of the company, the relevant market environment has changed significantly compared with the beginning of the transaction plan.

After prudent research and analysis, in order to effectively protect the interests of the company and all shareholders, it is intended to terminate the major asset reorganization matters after negotiating with the opponent.

The company will recently convene a board of directors to review the relevant matters of the termination of the major asset reorganization, negotiate with the transaction party to sign the relevant agreement to terminate the transaction, and hold an investor briefing meeting in accordance with regulations. If the company's board of directors review and approve the matter, the company will promise to no longer plan major asset reorganization matters within one month after the disclosure of the disclosure of the major asset reorganization announcement.

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