002367SZSE

Announcement on Progress of Strategic Overseas Investment

✨ AI Summary

Kangli Elevator announces the completion of its strategic investment in Golden Resources Services through the "Ruixin No. 1" fund. The company has recovered RMB 31.79 million, with a net loss of RMB 50.21 million on the investment. This loss, representing 1.42% of the company's net assets, is attributed to market conditions and is not expected to significantly impact operations.

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Securities abbreviation: Kangli Elevator Securities code: 002367 Announcement number: 202604

Kangli Elevator Co., Ltd.

Announcement on Progress of Strategic Overseas Investment

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.

I. Overview of Overseas Investment

Based on the Company's strategic considerations to promote in-depth cooperation with high-quality customers, Kangli Elevator Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") deliberated and approved at the 17th meeting of the Fifth Board of Directors held on January 21, 2022, to participate as a cornerstone investor in the initial public offering of shares of Golden Resources Services Group Limited (hereinafter referred to as "Golden Resources Services") on the Hong Kong Stock Exchange. On February 23, 2022, the Company remitted a total investment of RMB 82 million to the account of "China International Capital Corporation Ruixin No. 1 Single Asset Management Plan" (hereinafter referred to as "Ruixin No. 1"). The asset manager handled the currency exchange, and finally subscribed for a total of 12,162,000 shares of Golden Resources Services at HKD 8.14 per share through Ruixin No. 1 (total investment of HKD 99,996,438.19, including 1% brokerage commission, 0.0027% SFC transaction levy, 0.005% Stock Exchange trading fee, and 0.00015% SFC transaction levy, excluding subsequent QDII product management fees). The total amount of self-owned funds used is within the authorized limit of the 17th meeting of the Fifth Board of Directors.

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