Zhongzhou Special Materials decided to terminate the 200 million yuan industrial fund

Mondo Finance Updated on 2024-02-01

On January 9, 2024, Zhongzhou Special Materials issued the "Announcement on Termination of Participation in the Investment and Establishment of Industrial Investment** and Related Party Transactions", indicating that Zhongzhou Special Materials Company decided to terminate its participation in the investment and establishment of industrial investment ** and related party transactions. The decision was made due to the fact that the overall fundraising progress did not meet expectations, and was made through friendly negotiation between all parties. As of the date of the announcement, the company has not signed the partnership agreement, so the termination of the investment will not adversely affect the company's financial condition and daily production and business activities, nor will it harm the interests of the company and shareholders.

In addition, the total amount of various related party transactions between the company and its related party Haitong Innovation Private Equity **Management*** from the beginning of 2023 to the announcement date is 00,000 yuan. All the independent directors unanimously passed the termination proposal, and the sponsor believes that the decision complies with relevant regulations and will not harm the interests of the company and shareholders.

Originally, the company planned to invest 200 million yuan with its own funds to participate in the establishment of industrial investment, but in view of the current market environment and the adjustment of the company's own development strategy, the company believes that it is not appropriate to continue to participate in the establishment of the company. Therefore, the company decided to terminate its participation in the investment of the establishment of industrial investment**. At the same time, the company will also terminate related party transactions related to industrial investment**.

Shanghai Zhongzhou Special Alloy Materials Co., Ltd. was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on April 9, 2021, and its main business is the business of high-temperature corrosion-resistant alloy materials and products in the field of special alloy materials. In the national economic industry, it belongs to the manufacturing industry, and the non-ferrous metal smelting and rolling processing industry is sub-category; In terms of Shenwan industry classification, it belongs to the category of non-ferrous metals and the subcategory of new metal materials. As of October 25, 2023, the actual controller of the company is Feng Mingming. Zhongzhou Special Materials (300963SZ) listed sponsor for Anxin ** shares*** sponsors are Sun Sushu and Xiao Jiangbo; The IPO service accounting firm is Zhonghua Certified Public Accountants (Special General Partnership), and the certified public accountants are Wang Xiaohong, Li Wenxiang and Liu Lei; The IPO service law firm is Shanghai AllBright Law Firm, and the practicing lawyers are Li Panfeng and Wang Huan.

As of 09/01/2024**, the company's share price is 1301 yuan shares, with a circulating market value of 135.3 billion yuan.

Announcement**: Disclaimer: This article is written by the robot, jointly incubated by Pencil Road and Hanxin Society, and the main data is provided by Hanguang Suwen. The content and data in this article are for reference only and do not constitute investment advice.

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