According to the major asset restructuring plan of Panzhihua New Steel & Vanadium Co., Ltd. (hereinafter referred to as "Panzhihua Steel & Vanadium"), Panzhihua Steel & Vanadium will absorb and merge with our company through a share exchange. To this end, Panzhihua Steel & Vanadium will arrange for a third party to provide cash options to all other shareholders of our company, excluding Panzhihua Group and its affiliates, as well as shareholders who have committed not to exercise cash options (hereinafter referred to as "Eligible Shareholders"). Anshan Iron and Steel Group Co., Ltd. has agreed to act as the third party providing cash options to Eligible Shareholders of our company (hereinafter referred to as "First Cash Option"). To encourage more Eligible Shareholders to choose to convert thei
000515SZSE
Announcement on Pledged and Frozen Shares Related to Cash Option Declaration
✨ AI Summary
This announcement informs shareholders about the cash option declaration related to pledged and frozen shares due to a major asset restructuring by Panzhihua New Steel & Vanadium Co., Ltd. Shareholders must lift any pledges or freezes on shares before declaring their cash options. Additionally, shareholders unable to lift restrictions will receive a second cash option based on their converted shares.
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