300423SZSE
🚨 Material Event

Announcement on the Progress of Issuing Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions

Shenghui Technology Co., Ltd.··3 pages

✨ AI Summary

This announcement details the progress of Shenghui Intelligent Technology's plan to acquire 85% of Hepp Energy Environment Technology's equity by issuing shares and raise supporting funds. Auditing, valuation, and due diligence are ongoing. The transaction is subject to board, shareholder, SZSE, and CSRC approval, with timelines uncertain.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Shenghui Intelligent Technology Co., Ltd.

Announcement on the Progress of Issuing Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.

Important Risk Warning:

  1. Shenghui Intelligent Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Shenghui Intelligent Technology Co., Ltd. Issuing Shares to Purchase Assets and Raise Supporting Funds and Related Party Transaction Pre-plan" (hereinafter referred to as the "Restructuring Pre-plan") and its summary on April 28, 2025. The risk factors and approval procedures involved in this transaction were detailed therein. Investors are advised to pay attention to subsequent progress announcements and investment risks.

  2. As of the disclosure date of this announcement, in addition to the risk factors disclosed in the Restructuring Pre-plan, the Company has not found any matters that may cause the Company's Board of Directors or the transaction counterparty to withdraw, suspend, or make substantial changes to the transaction plan. The relevant work for this transaction is being fully and orderly advanced. The Company will fulfill its information disclosure obligations in a timely manner according to the progress of relevant matters.

  3. In accordance with the "Administrative Measures for Major Asset Restructuring of Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 8 - Major Asset Restructuring," the Company will fulfill its information disclosure obligations in a timely manner according to the progress of this transaction. After disclosing the transaction pre-plan but before issuing the notice of the shareholders' meeting regarding matters related to this transaction, a progress announcement on this transaction will be published every thirty days.

Sign in to read the full translation

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