Introduction
The acquirer announces that, subject to the following conditions ("Conditions"), Citigroup Global Markets Asia Limited intends to make a voluntary conditional general offer ("H-share Offer") to acquire all issued and outstanding H-shares of Jilin Chemical Industrial Company Limited ("Jilin Chemical"), excluding those held by the acquirer and its concert parties. Additionally, the acquirer plans to make a voluntary conditional general offer ("A-share Offer") for all issued and outstanding A-shares of Jilin Chemical, also excluding those held by the acquirer and its concert parties, contingent upon the H-share Offer becoming unconditional in all respects.
Offer Price
The consideration for the A-share Offer will be RMB 5.25 per A-share. For the H-share Offer, the consideration will be HKD 2.80 per H-share and HKD 280.00 per American Depositary Share ("ADS").