002760SZSE

Progress Announcement on Planning to Issue Shares for Asset Acquisition and Fundraising with Related Transactions

Fengxing Co., Ltd.·

✨ AI Summary

Fengxing Co., Ltd. plans to issue shares to acquire 75% of Baiyin Huaxin's equity from Guangdong Huaxin and raise funds from up to 35 specific investors. The transaction is expected to be a significant asset restructuring and is classified as a related party transaction. As of the announcement date, due diligence is ongoing, and no formal agreements have been signed, indicating substantial uncertainty. Investors are advised to monitor further announcements.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Fengxing Co., Ltd. (hereinafter referred to as "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:

  1. The Company convened the 12th meeting of the 6th Board of Directors, which reviewed and approved the proposals regarding the issuance of shares for asset acquisition and fundraising, as well as related party transactions. Specific details can be found in the Company's relevant announcements.
  2. The related work for this transaction is actively progressing, and the parties involved have not yet signed formal agreements. There remains significant uncertainty regarding this transaction. The Company will fulfill its information disclosure obligations in stages based on the progress of related matters. Investors are urged to pay attention to the Company's subsequent announcements and be aware of investment risks.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.