Hunan Energy Group Development Co., Ltd.
Announcement on Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising for Related Transactions Implementation and New Shares Listing Announcement (Summary)
This company and its board of directors, senior management, and personnel guarantee the truthfulness, accuracy, and completeness of the contents of this announcement, and there are no false records, misleading statements, or significant omissions, and they bear corresponding legal responsibilities.
The announcement and its requirements do not represent the views of the supervisory committee, nor do they indicate that the company’s shareholders have made any decisions regarding the investment and share acquisition. The accuracy, completeness, and truthfulness of the announcement are guaranteed.
After this transaction, the company will bear the risks of the transaction, as the company is solely responsible for this transaction. Investors should assess the risks of this transaction independently.
Investors should evaluate the transaction, and besides this announcement and related documents, they should also consider other relevant documents related to the company and the transaction.
Special Reminder
- In this new share issuance, the issuance price for the shares to be issued is 7.76 yuan/share;
- The number of shares to be issued for cash purchase of assets is 107,196,505 shares, and the new shares will be limited in circulation;
- Based on the registration with the China Securities Depository and Clearing Corporation Limited, the company will issue shares on May 20, 2026, with the number of shares being 107,196,505 shares (of which the shares under the limited conditions are 107,196,505 shares), and the relevant shares will be formally listed on the stock exchange;
- The nature of the newly issued shares is for public offering, and this transaction is not conducted on the Shenzhen Stock Exchange; the limited period for the shares to be issued is from the date of issuance;
- After the issuance of shares for cash purchase of assets is completed, the total number of shares of the company will increase by 571,354,787 shares, of which the shares held by the company will account for more than 10% of the total shares of the company, which also meets the requirements of the Securities Law and the Listing Rules.
The company provides information regarding the transaction to the public, and investors are encouraged to read the detailed announcement regarding Hunan Energy Group Development Co., Ltd. on the issuance of shares and cash payment for asset acquisition and related transactions.
Summary
This summary includes the number of shares and the corresponding direct relationship to the issuance of shares and cash payment for asset acquisition, which is composed of 14 sections. Below are the definitions of the terms used.
| Term | Definition |
|---|---|
| Hunan Energy Group | Hunan Energy Group Development Co., Ltd. |
| Hunan Development | Hunan Development Co., Ltd. |
| Hunan Energy | Hunan Energy Group Co., Ltd. |
| Trading Counterpart | Hunan Energy Group Co., Ltd. |
| Copper Hydropower | Hunan Copper Hydropower Development Co., Ltd. |
| Clean Hydropower | Hunan Clean Hydropower Development Co., Ltd. |
| Cascade Hydropower | Hunan Cascade Hydropower Development Co., Ltd. |
| High Dam Hydropower | Hunan High Dam Hydropower Development Co., Ltd. |
First Chapter: Overview of This Transaction
- Overview of This Transaction
This transaction consists of the issuance of shares and cash payment for asset acquisition, and the fundraising for the supporting funds. Among them, the fundraising for the issuance of shares and cash payment for asset acquisition is planned in advance, but the issuance of shares and cash payment for asset acquisition cannot be used to solicit fundraising for supporting funds, and the final fundraising for supporting funds is not guaranteed.