Announcement on the Share Swap Absorption Merger of Panzhihua New Steel Vanadium Co., Ltd. and Cash Option Reminder
Stock Code: 000569
Stock Abbreviation: Changcheng Co.
Announcement No.: 2009-013
Panzhihua New Steel Vanadium Co., Ltd. and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, and bear joint liability for any false records, misleading statements, or significant omissions in the announcement.
Special Reminder: The deadline for the first cash option declaration is April 23, 2009. 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 based on the company's relevant information disclosure documents. This announcement only serves as an explanation of the specific procedures and related matters for shareholders of Panzhihua Steel Vanadium, Panzhihua Steel Group Chongqing 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 relevant interpretations of 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 "Implementation Announcement of Cash Options for the Share Swap Absorption Merger of Panzhihua New Steel Vanadium Co., Ltd., Panzhihua Steel Group Chongqing Titanium Industry Co., Ltd., and Panzhihua Steel 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, 2009, to April 23, 2009). Shareholders who do not declare the first cash option during this period will automatically receive the second cash option, which can be exercised from April 25, 2011, to April 29, 2011. The deadline for the first cash option declaration is April 23, 2009, and shareholders wishing to declare the first cash option must do so before 3:00 PM on April 23.