001239SZSE
🚨 Material Event

Summary of the Draft Report on the Issuance of Shares and Cash Payment for Asset Acquisition by Xiangtan Yongda Machinery Manufacturing Co., Ltd. (Revised)

Yongda Co., Ltd.··59 pages

✨ AI Summary

Xiangtan Yongda Machinery Manufacturing Co., Ltd. plans to acquire a 49% stake in Jiangsu Jinyuan High-end Equipment Co., Ltd. through share issuance and cash payment, totaling approximately RMB 69.58 million. The company aims to raise up to RMB 48.71 million from specific investors to support this transaction. This acquisition will enhance operational efficiency and profitability, solidifying the company's market position in the metal products industry.

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Full Translation

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Declaration

This section's terms or abbreviations have the same meaning as those described in the "Definitions" section of this report summary.

1. Company Declaration

The company and all its directors and senior management commit that the content of this restructuring report and its summary is true, accurate, and complete, with no false records, misleading statements, or significant omissions, and bear individual and joint legal responsibility for its authenticity, accuracy, and completeness. The company's controlling shareholder, actual controller, and their concerted actors, along with all directors and senior management, commit that if any information disclosed or provided in this transaction is suspected of false records, misleading statements, or significant omissions, and is investigated by judicial authorities or the China Securities Regulatory Commission, they will not transfer their shares in the listed company until the investigation conclusion is reached. They will submit a written application to suspend the transfer of shares within two trading days of receiving the investigation notice, and the board will apply for a lock-up with the Shenzhen Stock Exchange and the securities registration and settlement institution on their behalf. If they fail to submit the lock-up application within two trading days, they authorize the board to verify and directly submit their identity and account information to the Shenzhen Stock Exchange and the securities registration and settlement institution to apply for a lock-up. If the investigation concludes that there are illegal or regulatory violations, the locked shares will be voluntarily used for compensation arrangements for relevant investors. The company's legal representative, the person in charge of accounting, and the head of the accounting firm guarantee that the financial and accounting data in this report and its summary are true, accurate, and complete. Any decisions or opinions made by the China Securities Regulatory Commission, Shenzhen Stock Exchange, and other approval authorities regarding this transaction do not imply a substantive judgment or guarantee of the company's stock value or investor returns. After the completion of this transaction, the company will be responsible for any changes in its operations and earnings; investors will bear the investment risks arising from this transaction. When evaluating the company's transaction, investors should carefully consider the risk factors disclosed in this report and its summary, in addition to the content of this report and its summary and related documents disclosed simultaneously. If investors have any questions about this report and its summary, they should consult their stock brokers, lawyers, professional accountants, or other professional advisors.

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