002013SZSE

Announcement on the Termination of Stock Listing and Delisting of the Company

✨ AI Summary

The announcement states that the stock of AVIC Electromechanical Systems Co., Ltd. will be delisted from the Shenzhen Stock Exchange on March 17, 2023. This follows a merger with AVIC Avionics Systems Co., Ltd., approved by the China Securities Regulatory Commission. Shareholders will exchange their shares at a ratio of 1:0.6647 for shares in AVIC Avionics. Further arrangements regarding asset transfer and employee contracts are outlined.

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Full Translation

AI Translation· azure_openai

AVIC Electromechanical Systems Co., Ltd. (hereinafter referred to as "AVIC Electromechanical" or "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Reminder: The stock of AVIC Electromechanical Systems Co., Ltd. will be terminated from listing and delisted starting from March 17, 2023. The merger through share exchange with AVIC Avionics Systems Co., Ltd. (hereinafter referred to as "AVIC Avionics") has been approved by the China Securities Regulatory Commission (CSRC) under the approval document [2022] No. 3241. According to the plan for this share exchange merger, the Company has submitted an application to the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") for the termination of its stock listing. On March 15, 2023, the Company received the SZSE's decision on the termination of listing (SZSE Decision [2023] No. 188).

1. Details of the Terminated Listing

  • Type of Securities: RMB ordinary shares
  • Securities Code: 002013
  • Securities Abbreviation: AVIC Electromechanical
  • Decision Date for Termination of Listing: March 15, 2023
  • Delisting Date: March 17, 2023

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