The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
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Jiangwei Textile Machinery Co., Ltd. (hereinafter referred to as "Jiangwei" or "the Company") stock (stock abbreviation: Jiangwei, stock code: 000666) has been continuously suspended from trading since the market opened on September 1, 2023. The active termination of the company's stock listing has been approved by the company's second extraordinary shareholders' meeting of 2023. According to the relevant plan for this active termination, the company has completed the distribution of cash option rights. The company's stock will enter the exercise declaration and settlement phase and will no longer be traded. Investors are advised to pay attention to investment risks. Each eligible A-share shareholder holding 1 share has the right to exercise 1 cash option right. A-share shareholders who receive cash option rights can declare to exercise their cash options in whole or in part at the cash option exercise price (9.24 CNY/share) during the cash option declaration period and will receive cash compensation after settlement.
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The cash option declaration period is from October 13, 2023, to October 19, 2023, during trading hours from 9:30-11:30 AM and 1:00-3:00 PM. Shareholders who receive cash options can declare to exercise their cash options in whole or in part at the cash option exercise price (9.24 CNY/share) during the declaration period, transferring their shares to the cash option provider, China Hengtian Group Co., Ltd. (hereinafter referred to as "Hengtian Group"). If eligible A-share shareholders do not declare or fail to effectively declare their cash option exercise during the declaration period, they will not be able to obtain the corresponding cash compensation.
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As of August 31, 2023, the closing price of Jiangwei was 8.97 CNY/share, and the cash option exercise price is 9.24 CNY/share. Shareholders who effectively declare to exercise their cash options will receive cash compensation at the exercise price of 9.24 CNY/share. The premium ratio of the reference stock price to the cash option agreed price does not exceed 50%, and the absolute value of the Delta of the rights contained in this cash option is not less than 5%. According to the relevant provisions of the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 1 - Business Handling," the company will provide cash options through the trading system (displayed as "cash option" business during system declaration). For specific operational methods, please refer to the section "III. Methods for Declaring Cash Option Exercise" under "(1) Exercise Confirmation."
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This announcement only explains matters related to the cash option declaration exercise and does not constitute a recommendation for declaring cash option exercise. Investors are advised to pay attention to investment risks. For details of the plan to actively terminate the listing of the company by shareholders' meeting resolution, please read the full text of the announcement titled "Announcement on the Withdrawal of the Company's Stock Trading on the Shenzhen Stock Exchange" disclosed by the company on August 30, 2023, and pay attention to related announcements issued by the company in a timely manner.
I. Rights of Shareholders Eligible to Declare Cash Option Exercise
Shareholders who have the right to declare cash option exercise can exercise their cash options in whole or in part at the cash option exercise price (9.24 CNY/share) during the declaration period (from October 13 to October 19, 2023) between 9:30-11:30 AM and 1:00-3:00 PM, transferring their shares to the cash option provider, Hengtian Group.
II. Basic Terms of Cash Options
- Cash Option Code and Abbreviation
- Code: 038041
- Abbreviation: Jiangwei JWP1