On October 20, Glon Hui announced that SDIC Power Holdings (600886.SH) received a notice from the Shanghai Stock Exchange (referred to as the SSE) on October 18, 2024, regarding the acceptance of the application for issuing securities by SDIC Power Holdings on the main board of the Shanghai Stock Exchange (Refinancing No. 2024 240). The SSE reviewed the prospectus and related application documents submitted by the company for issuing securities on the main board of the Shanghai Stock Exchange in accordance with relevant regulations, considered the application documents to be complete and in compliance with legal requirements, decided to accept them for review, and conduct the review in accordance with the law.
The company still needs approval from the SSE for the issuance of A shares to specific objects in 2024, and must obtain approval from the China Securities Regulatory Commission (referred to as the CSRC) for registration before implementation. The final decision on whether it can pass the SSE review and obtain CSRC registration approval, as well as the timing of such decisions, still remains uncertain. The company will strictly comply with the relevant laws and regulations on listed companies issuing shares to specific objects, and will fulfill its obligations of timely disclosure of information according to the progress. Please pay attention to investment risks.
