Panzhihua New Steel Vanadium Co., Ltd. Announcement on the Stock Swap Absorption Merger of Panzhihua New Steel Vanadium Co., Ltd., Panzhiyu Titanium Industry Co., Ltd., and Sichuan Changcheng Special Steel Co., Ltd. Cash Option First Reminder Announcement
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the announcement content and bear joint liability for any false records, misleading statements, or significant omissions. This announcement serves only as an explanation of the specific procedures and related matters for shareholders of Panzhihua New Steel Vanadium, Panzhiyu Titanium Industry, and Sichuan Changcheng Special Steel to declare the exercise of cash options and does not constitute a recommendation for exercising cash options.
The relevant listed companies involved in this merger officially released the "Announcement on the Implementation of Cash Options for the Stock Swap Absorption Merger of Panzhihua New Steel Vanadium Co., Ltd., Panzhiyu Titanium Industry Co., Ltd., and Sichuan Changcheng Special Steel Co., Ltd." on April 3, 2009 (hereinafter referred to as the "Cash Option Implementation Announcement"). Investors wishing to understand the details of this cash option can 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). Unless otherwise specified, the interpretations in this reminder announcement are consistent with those in the Cash Option Implementation Announcement.