300423SZSE

Progress Announcement on Issuing Shares to Purchase Assets and Raising Supporting Funds and Related Transactions

✨ AI Summary

This announcement details the progress of Shenzhen Shenghui Technology Co., Ltd.'s plan to issue shares to acquire 85% of Hep Energy Environmental Technology Co., Ltd. and raise supporting funds from up to 35 qualified investors. The transaction is expected to constitute a related party transaction and a major asset restructuring but will not result in a restructuring listing. The company is currently advancing the necessary audits and evaluations.

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Full Translation

AI Translation· azure_openai

Important Risk Warning:

  1. Shenzhen Shenghui Technology Co., Ltd. (hereinafter referred to as "the Company") has detailed the relevant risk factors and required approval procedures in the "Plan for Issuing Shares to Purchase Assets and Raising Supporting Funds and Related Transactions" disclosed on April 28, 2025 (hereinafter referred to as "the Restructuring Plan"). Investors are advised to pay attention to subsequent progress announcements and be aware of investment risks.
  2. As of the date of this announcement, apart from the risk factors disclosed in the Restructuring Plan, the Company has not identified any matters that may lead to the Board of Directors or the counterparty withdrawing, suspending this transaction, or making substantial changes to the transaction plan. The related work for this transaction is being actively and orderly advanced. The Company will fulfill its information disclosure obligations in a timely manner based on the progress of related matters.
  3. According to the "Administrative Measures for Major Asset Restructuring of Listed Companies" and the "Self-Regulatory Guidelines No. 8 for Listed Companies of the Shenzhen Stock Exchange - Major Asset Restructuring," the Company will timely fulfill its information disclosure obligations based on the progress of this transaction. After disclosing the transaction plan but before issuing the notice for the shareholders' meeting to review the relevant matters, the Company will publish a progress announcement every thirty days.

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