Jingwei Textile Machinery Co., Ltd. (hereinafter referred to as "Jingwei Textile" or "the Company") and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Special Reminder:
- Jingwei Textile's stock (stock abbreviation: Jingwei Textile, stock code: 000666) has been continuously suspended from trading since the market opened on September 1, 2023. The voluntary termination of the company's stock listing has been approved by the Company's second extraordinary general meeting of 2023. According to the relevant plan for this voluntary termination, the Company has completed the distribution of cash option rights, and the stock has entered the exercise declaration and settlement phase, and will no longer be traded. Investors are advised to pay attention to investment risks. Each A-share shareholder entitled to exercise cash option rights will receive 1 cash option right for every 1 share held. A-share shareholders who receive cash option rights can declare to exercise their rights in whole or in part at the cash option exercise price (9.24 CNY/share) during the cash option declaration period and receive cash compensation after settlement.
- 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. If A-share shareholders entitled to exercise cash option rights do not declare or effectively declare their rights during the declaration period, they will not be able to obtain the corresponding cash compensation.
- As of August 31, 2023, the closing price of Jingwei Textile was 8.97 CNY/share, and the cash option exercise price is 9.24 CNY/share. Shareholders who effectively declare to exercise cash option rights 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 "Self-Regulatory Guidelines No. 1 for Listed Companies of the Shenzhen Stock Exchange - Business Handling," the Company will provide cash option rights through the trading system (displayed as "cash option" business during system declaration), and specific operational methods are detailed in the section "III. Methods for Declaring the Exercise of Cash Option Rights."
- This announcement only explains matters related to the declaration and exercise of cash option rights and does not constitute a recommendation for declaring the exercise of cash option rights. Investors wishing to understand the details of the voluntary termination of the listing should read the full text of the announcement titled "Jingwei Textile Machinery Co., Ltd. on Withdrawing the Company's Stock from Trading on the Shenzhen Stock Exchange" disclosed on August 30, 2023, and pay attention to related announcements issued by the Company in a timely manner.
I. Rights of Shareholders Entitled to Declare the Exercise of Cash Option Rights
Shareholders entitled to cash option rights can exercise their rights in whole or in part during the declaration period (from October 13, 2023, to October 19, 2023) between 9:30-11:30 AM and 1:00-3:00 PM at the cash option exercise price (9.24 CNY/share), transferring their shares to the cash option provider, Hengtian Group.