Important Notice
Jingwei Textile Machinery Co., Ltd. intends to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange through a resolution of the shareholders' meeting and apply for transfer on the National SME Share Transfer System. CICC Securities Co., Ltd. has been entrusted by Jingwei Textile Machinery to act as the financial advisor for this voluntary termination of listing. In accordance with relevant laws and regulations, and based on industry-recognized business standards and ethical norms, this financial advisor opinion is issued based on due diligence. Jingwei Textile Machinery has declared that it has provided all necessary materials for this financial advisor opinion, ensuring that the information provided is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The financial advisor does not bear any responsibility for risks arising from any investment decisions made by investors based on this opinion. The financial advisor urges investors to carefully read the relevant announcement documents regarding Jingwei Textile Machinery's voluntary termination of listing.
Table of Contents
- Important Notice
- Table of Contents
- Section 1: Definitions
- Section 2: Introduction
- Section 3: Financial Advisor Commitments and Declarations
- Section 4: Basic Information of the Listed Company
- Section 5: Plan for Voluntary Termination of Listing
- Section 6: Financial Advisor Opinion
Section 1: Definitions
In this financial advisor opinion, unless otherwise specified, the following terms have the meanings ascribed to them:
- Jingwei Textile Machinery, listed company, company refers to Jingwei Textile Machinery Co., Ltd.
- China National Machinery Group refers to China National Machinery Industry Corporation.
- Heng Tian Group refers to China Heng Tian Group Co., Ltd.
- China Textile Machinery Group refers to China Textile Machinery (Group) Corporation.
- Heng Tian Holdings refers to China Heng Tian Holdings Limited.
- CICC Securities, this financial advisor refers to CICC Securities Co., Ltd.
- This financial advisor opinion refers to "CICC Securities Co., Ltd. Financial Advisor Opinion on the Voluntary Termination of Listing by Jingwei Textile Machinery Co., Ltd."
- "Shenzhen Stock Exchange Listing Rules" refers to the "Shenzhen Stock Exchange Listing Rules."
- China Securities Regulatory Commission refers to the China Securities Regulatory Commission.
- Shenzhen Stock Exchange refers to the Shenzhen Stock Exchange.
- Hong Kong Stock Exchange refers to the Hong Kong Stock Exchange Limited.
- Yuan, ten thousand refers to Renminbi Yuan, ten thousand.
Section 2: Introduction
Due to market changes, Jingwei Textile Machinery is facing significant operational uncertainties that may have a substantial impact on the company. To protect the interests of minority shareholders, the company intends to voluntarily withdraw its A-shares from trading on the Shenzhen Stock Exchange through a resolution of the shareholders' meeting and apply for transfer on the National SME Share Transfer System.
Section 3: Financial Advisor Commitments and Declarations
1. Financial Advisor Commitments
- This financial advisor has fulfilled its due diligence obligations as required and has sufficient reason to believe that the professional opinions expressed do not materially differ from the contents of Jingwei Textile Machinery's announcement documents.
- The financial advisor has verified the announcement documents of Jingwei Textile Machinery and is confident that the content and format comply with regulations.
- The financial advisor has sufficient reason to believe that Jingwei Textile Machinery's voluntary termination of listing is in compliance with laws, administrative regulations, and the requirements of the China Securities Regulatory Commission, and that the disclosed information is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
- The professional opinion regarding Jingwei Textile Machinery's voluntary termination of listing has been submitted for review by the financial advisor's internal review body and has been approved.
- During its tenure as financial advisor, strict confidentiality measures have been implemented, and internal firewall systems have been enforced.