Company Announcement
Huafon Chemical Co., Ltd. proposes to issue shares and make cash payments for asset acquisitions and related transactions.
| Item | Transaction Counterparty |
|---|---|
| Issuing shares and cash payments for asset acquisitions | Jiangsu Huafon Composite Materials Co., Ltd. |
| Purchasing Jiangsu Huafon Thermal Insulation Materials Co., Ltd. | Huafon Group Co., Ltd. |
Signature Date: [blank]
Company Statement
This company announcement is made by the board of directors, senior management, and all relevant personnel to ensure the authenticity, accuracy, and completeness of the information disclosed. Any misrepresentation or omission of material facts will be subject to legal liability.
The company strictly controls the issuance of shares and related transactions, ensuring that all information provided is accurate and complete. If any discrepancies are found, the company will bear the corresponding legal responsibilities.
Transaction Counterparty Statement
This proposal for issuing shares and cash payments for asset acquisitions is acknowledged by the transaction counterparties. The company and the counterparties will provide accurate and complete information to ensure compliance with relevant regulations.
Overview of the Asset Valuation Situation
As of the date of this announcement, the evaluation related to this transaction is still incomplete. The valuation of the assets involved in this transaction will be based on the specific conditions of the company and the relevant regulations, including the "Securities Law" and other applicable regulations. The company will seek to ensure that the valuation is conducted in accordance with the established procedures and that the results are reported in a timely manner.
Payment Method for This Transaction
This transaction will involve the issuance of shares and cash payments for asset acquisitions. The specific payment method and related details will be determined based on the relevant agreements and regulations.
Specific Situation of the Issuance of Shares for Asset Purchases
| Stock Type | Class A Shares |
|---|---|
| Issue Price | [blank] |
| Issuance Date | [blank] |
| Number of Shares Issued | [blank] |
| Is it necessary to adjust the issuance price? | Yes / No |
| Lock-up Period | [blank] |
Impact of This Transaction on the Listed Company
Impact on the Main Business of the Listed Company
This transaction is primarily related to the control of the high-performance polymer industry. The company will integrate its business operations and enhance its market competitiveness through this transaction.
Impact on the Shareholding Structure of the Listed Company
Before this transaction, the company was controlled by [blank]. This transaction will not change the existing shareholding structure significantly.
Risks Related to This Transaction
Risks Related to the Transaction Process
The transaction process may face various risks, including but not limited to regulatory risks, market risks, and operational risks. The company will take appropriate measures to mitigate these risks.
Risks Related to the Company’s Operations
The company may encounter operational risks that could affect its ability to execute this transaction successfully. This includes risks related to market conditions and the performance of the assets involved.
Other Risks
The company will continuously monitor the risks associated with this transaction and will take necessary actions to address any potential issues that may arise.
Conclusion
This announcement serves to inform stakeholders about the ongoing transaction and its implications. The company is committed to transparency and will provide updates as necessary.
III. Nature of This Transaction
(1) This Transaction is Expected to Involve Significant Assets
As of the latest estimates, this transaction is expected to involve significant assets, and the relevant evaluation and transaction will be conducted in accordance with the "Significant Asset Restructuring Management Measures." The transaction and the acquisition of shares will be subject to the relevant regulations of the China Securities Regulatory Commission (CSRC).