Announcement on the Third Reminder of Cash Option for Share Swap Absorption Merger of Panzhihua New Steel & Vanadium Co., Ltd.
The company and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions in the announcement.
Special Reminder: April 23, 2009, is the deadline for the first cash option declaration. Shareholders who do not declare their exercise of the first cash option by 3:00 PM on that day will obtain the second cash option according to the company's relevant information disclosure documents.
This announcement is solely an explanation of the specific operational procedures and related matters for shareholders of Pangang Steel & Vanadium, Panzhihua Titanium Industry, and Changcheng Co. regarding the declaration of the cash option and does not constitute a recommendation for declaring the cash option. Unless otherwise specified, the interpretations related to this reminder announcement are consistent with the cash option implementation announcement.
Investors wishing to understand the details of this cash option should refer to the relevant documents on the Shenzhen Stock Exchange website (http://www.szse.cn) and the Giant Tide Information Network (http://www.cninfo.com.cn).
The relevant listed companies involved in this merger officially released the "Announcement on the Implementation of Cash Options for the Share Swap Absorption Merger of Panzhihua New Steel & Vanadium Co., Ltd., Pangang Group Chongqing Titanium Industry Co., Ltd., and Pangang Group Sichuan Changcheng Special Steel Co., Ltd." on April 3, 2009 (hereinafter referred to as the "Cash Option Implementation Announcement"). Shareholders with options can declare the cash option during the first declaration period (April 9 to April 23, 2009). Those who do not declare the first cash option during this period will automatically obtain the second cash option, which can be exercised from April 25 to April 29, 2011.