Announcement on the Implementation of Share Exchange for the Absorption Merger of Qinghai Salt Lake Industrial Group Co., Ltd. by Newly Issued Shares
Qinghai Salt Lake Potash Co., Ltd. (hereinafter referred to as "Salt Lake Potash") and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Important Notice
- The application for the share exchange merger of Qinghai Salt Lake Potash Co., Ltd. (referred to as "Salt Lake Potash") absorbing Qinghai Salt Lake Industrial Group Co., Ltd. (referred to as "Salt Lake Group") has been approved by the China Securities Regulatory Commission (CSRC) under approval number [2010]1860.
- Trading of Salt Lake Potash shares has been specially suspended since February 21, 2011, until the completion of this share exchange merger, and will resume on the listing date of the newly issued shares.
- The share exchange registration date for the merger is set for March 15, 2011, and investors can check their shares after the exchange on March 16.
- After the completion of this share exchange, shares of Salt Lake Group will be converted into shares of Salt Lake Potash, which will apply to the Shenzhen Stock Exchange for the listing of the merged shares, while Salt Lake Group will apply for delisting. After the relevant procedures are completed, trading of Salt Lake Potash shares will resume, the newly exchanged shares will be listed, and shares of Salt Lake Group will be delisted.
I. Main Content of the Share Exchange Merger Plan
The share exchange merger plan involves Salt Lake Potash absorbing Salt Lake Group by exchanging newly issued shares and canceling the shares held by Salt Lake Group in Salt Lake Potash.