Terminate the domestic fixed increase in China, Hangke Technology plans to issue global deposit vouchers overseas and list in Switzerland

Today (September 19), Hangke Technology (SH688006, the stock price of 53.6 yuan, and a market value of 21.72 billion yuan) issued an announcement.

At the same time that the bill was terminated, another announcement of Hangke Technology stated that the company intends to plan the Global Depositary Receipts and go public on the Swiss Stock Exchange.

Termination of the fixed increase in 2021

On December 31, 2021, Hangke Technology issued an announcement that the total amount of funds raised by stocks to specific objects did not exceed 2.312 billion yuan.

Hangke Technology's previous planned raised funds for investment

Photo Source: Science and Technology Announcement Screenshot

On May 20th, Hangke Technology held a 2021 annual shareholders 'meeting, reviewing and approved the "Proposal on the issuance of shares related to the shareholders' conference to authorize the board of directors to handle the shares related to specific objects". But as of now, the board of directors of the listed company has not yet launched a process of issuing shares to specific objects with simple procedures.

Hangke Technology said that since the announcement of the shares plan to specific objects in 2021, the company's board of directors, management and intermediaries has been actively promoting various tasks. However, in view of the current regulatory policies and the changes in the capital market environment, the company has comprehensively considered the actual situation and the development planning, and fully communicates and argued with the relevant parties. Stock matters.

The board of directors of Hangke Technology said that the company is currently planning to issue global deposit vouchers and listing on the Swiss Stock Exchange. matter.

In terms of influence, Hangke Technology believes that the termination of A -share shares to specific objects and suspension of handling shares to specific objects to specific objects to specific objects was terminated to specific objects in 2021. The prudent decisions made by the factors will not adversely affect the company's production and operation and business development, and there is no harm to the interests of the company and all shareholders, especially the interests of small and medium shareholders.

I plan to go public in Switzerland

In another announcement issued tonight, Hangke Technology introduced that it is planning to issue Global Depositary Receipts and list on the Swiss Stock Exchange.

In terms of reasons, Hang Ke Technology said that as one of the few Chinese companies in Japan, South Korea, the United States, and Europe, the internationalization of the lithium battery has always been one of the goals of development. Faced with the huge market space brought about by the gradual release of overseas lithium battery capacity in the future, the company will continue to deepen the layout in the global major lithium battery market, enhance global sales capabilities, and increase radiation penetration in key overseas regions.

In addition, the company will further increase R & D and innovative investment through this distribution. According to the needs of development, through the national construction research and development center at the forefront of the world at the world's forefront of battery technology and related applications, and recruit local technology research and development personnel for technological research and development.

Hangke Technology also believes that this issue is an important measure to respond to the call of domestic capital market policy, deepen the interconnection of the China -Europe capital market, and use the overseas capital market to promote the development of the real economy. The company will use the favorable timing of the capital market reform and the strong support of policies to achieve direct docking with the overseas capital market.

However, in terms of risks, Hangke Technology has also reminded that as of now, the issuance scale, issuance plan, use of funds and feasibility of raising funds, and feasibility of this issuance are still being argued. The approval of the company's board of directors, the shareholders' meeting, and the approval, approval or filing of the China Securities Regulatory Commission, the Swiss Stock Exchange and other domestic and foreign authorities.

The prerequisites for the implementation of the global deposit vouchers and the implementation of the Swiss Stock Exchange for the issuance of the global depository voucher abroad and the implementation of the above approved, approved or filing and the final time they have obtained are uncertain whether the above -mentioned approval of the Swiss Stock Stock Exchange. In addition, the issuance of this distribution also has the risk of being suspended and terminated due to the international environment, market environment, financing timing, and supervision or other reasons.

Cover picture Source: Hangke Technology Announcement Screenshot

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