Announcement on the Continuous Suspension of Company Stock Until Delisting
Securities Code: 000780
Securities Abbreviation: ST Pingneng
Announcement Number: 2021-097
Inner Mongolia Pingzhuang Energy Co., Ltd. announces that its stock will be suspended from trading starting December 17, 2021. Following this, it will enter the cash option distribution, exercise declaration, and settlement phase, and will no longer be traded until it is converted into Longyuan Power shares listed on the Shenzhen Stock Exchange. Investors are advised to take note.
With the approval of the China Securities Regulatory Commission (CSRC) (Approval No. [2021] 3813), Longyuan Power Group Co., Ltd. ("Longyuan Power") will issue A-shares to merge with Inner Mongolia Pingzhuang Energy Co., Ltd. ("Pingzhuang Energy" or "the Company") through a share exchange. According to the CSRC's "Opinions on Reforming and Improving the Delisting System for Listed Companies" and Article 14.8.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2020 Revision)," the Company meets the criteria for voluntary delisting and will subsequently apply to the Shenzhen Stock Exchange for the delisting of its stock (Securities Abbreviation: ST Pingneng, Securities Code: 000780).