Hi-Tech Development (000628.SZ) announced that the company will hold the 7th session of the 8th board of directors on April 18, 2024...
Zhitong Finance App News, Hi-Tech Development (000628.SZ) announced that on April 18, 2024, the company held the 75th interim meeting of the 8th board of directors and the 8th interim meeting of the 8th board of supervisors to review and pass the “Proposal on Terminating the Issuance of Shares and Payment of Cash to Purchase Assets and Raising Supporting Funds and Related Transactions”, agreeing that the company would terminate the current issuance of shares and pay cash to purchase assets and raise supporting capital and related transactions.
Since the company planned and first announced this transaction, the company has actively organized all parties involved in the transaction to advance various tasks in accordance with relevant laws, regulations and regulatory documents, and fulfilled information disclosure obligations in accordance with relevant regulations. Due to the heavy audit workload involved in the target company, the relevant parties are not expected to issue an audit report or evaluation report within the specified period; considering that the transaction took a long time, the target company's industry was affected by internal and external environments, market expectations were high, and the audit and evaluation results involved have not yet been determined, the listed company and some counterparties were unable to reach an agreement on the transaction price. The company is unable to issue a notice to convene a shareholders' meeting within six months (before April 19, 2024) after the announcement of the first board resolution to issue shares to purchase assets. In view of the above factors, the company held the 75th interim meeting of the 8th board of directors and the 8th interim meeting of the 8th board of supervisors on April 18, 2024 to deliberate and pass the relevant bill to terminate this transaction.
The company has signed an agreement with the parties to the transaction to terminate this transaction, and the parties are not responsible for each other's breach of contract. The termination of this restructuring will not have a significant adverse impact on the company's current daily operations and financial situation. The company's current business situation is normal and daily operations are stable. In the future, the company will continue to optimize its business structure, enhance profitability, actively take measures to enhance the company's competitiveness, enhance regional service development and national strategic capabilities, and better safeguard the interests of all shareholders of the company.