On June 29, Shandong Huapeng issued an announcement on the application of Glass Co., Ltd. to the Shanghai Stock Exchange for suspension of issuing shares and paying cash to purchase assets and raise matching funds and related transactions. Details are as follows:
Announcement
of Shandong Huapeng Glass Co., Ltd. in relation to its application to the Shanghai Stock Exchange for suspension of the issuance of shares and payment of cash for the acquisition of assets and the raising of supporting funds and the review of connected transactions The board of directors of the Company and all directors warrant that the contents of this announcement do not contain any false information. Misleading statements or material omissions, and assume individual and joint liabilities for the authenticity, accuracy and completeness of their contents.
Shandong Huapeng Glass Co., Ltd. (Hereinafter referred to as the "Company") intends to purchase 100% equity of Dongying Hebang Chemical Co., Ltd. held by Shandong Haike Holding Co., Ltd. by issuing shares and paying money. While implementing the above-mentioned issuance of shares and payment of cash to purchase assets, the company will issue shares to no more than 35 (including 35) specific targets by way of inquiry to raise matching funds (hereinafter referred to as the "Transaction"). On 28 April
2023, the Company received the Notice on Acceptance of the Application of Shandong Huapeng Glass Co., Ltd. for Restructuring and Listing and Raising Supporting Funds (Shang Zheng Shang Shen (Merger and Reorganization) [2023] No.15) issued by the Shanghai Stock Exchange (hereinafter referred to as the "SSE"). In accordance with the relevant provisions, the Shanghai Stock Exchange checked the application documents submitted by the company for reorganization, listing and raising matching funds, and considered that the application documents were complete and in conformity with the statutory form, and decided to accept and examine them in accordance with the law. On 19 May 2023, the Company received from the Shanghai Stock Exchange the Letter of Inquiry on the Review of the Application Documents of Shandong Huapeng Glass Co., Ltd. for the Acquisition of Assets by Issuing Shares and Paying Cash and Raising Supporting Funds and Related Transactions (Shang Zheng Shang Shen (Merger and Reorganization) [2023] No.21). The company and relevant intermediaries are implementing and checking the issues involved one by one according to the requirements, and organizing relevant materials. The closing date of the latest financial statements quoted in the application documents submitted by the
company for this transaction is December 31, 2022. According to Article 69 of the Standards for the Contents and Forms of Information Disclosure by Companies that Offer Securities to the Public No.26-Material Asset Reorganization of Listed Companies, the latest audited financial information shall be valid within six months after the closing date of the financial report. Up to now, the financial information recorded in this application document will expire and need to be supplemented, and the financial information update for the half year of 2023 is still in the process of preparation. In accordance with Article 51 of the Rules Governing the Examination and Approval of the Material Asset Reorganization of Listed Companies of the Shanghai Stock Exchange, the Company hereby applies to the Shanghai Stock Exchange for the suspension of the examination and approval of the application for this transaction. The board of directors and all directors of the Company warrant that there are no false representations, misleading statements or material omissions in this announcement, and severally and jointly accept responsibility for the truthfulness, accuracy and completeness of its contents. The
suspension of the review will not have a material adverse impact on the transaction. The Company and the relevant intermediaries are actively promoting the extension of the audit and the update of the application documents. Upon completion of the relevant work, the Company will submit the updated application materials to the Shanghai Stock Exchange as soon as possible and apply for resumption of the review in a timely manner. The transaction of the Company is subject to the approval of the Shanghai Stock Exchange and the registration with the China Securities Regulatory Commission. There are uncertainties as to whether the transaction can obtain the above approval, review or registration, as well as the time for obtaining the relevant approval, review or registration. According to the actual progress of this transaction, the company will fulfill the obligation of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. The relevant information shall be subject to the announcements published by the Company. Investors are advised to pay attention to the subsequent announcements and the investment risks.
Hereby announce. Board of Directors
of
Shandong Huapeng Glass Co., Ltd. June 29,
2023