Keliyuan clarifies: Geely has no initiative to seek control of the company


2020-01-16 09:00:13Beijing News Editor: Liu Xiaoyang
Original copyright prohibits commercial reprintAuthorization

Keliyuan clarifies: Geely has no initiative to seek control of the company

2020-01-16 09:00:13Beijing News

On January 16, Keliyuan issued a morning announcement, stating that after preliminary verification with the company’s second largest shareholder, Geely Technology, Geely Technology did not actively seek to gain control of the company through this reduction plan. After further verification with Keliyuan Group, the agreement transfer in this reduction plan is still at the inquiry stage. There is no clear transferee and no substantial progress.

The original announcement is as follows:

Hunan Keliyuan New Energy Co., Ltd. clarification announcement on media reports

On January 15, 2020, the relevant media announced that the “controlling shareholders can reduce their holdings? It’s just that the article titled “Second Master” who is likely to be superior (hereinafter referred to as “relevant media report”).

Hunan Keliyuan New Energy Co., Ltd. (hereinafter referred to as the “Company”) disclosed on January 15 that the controlling shareholder Hunan Keliyuan High-Tech Group Co., Ltd. (hereinafter referred to as “Keliyuan Group”) proposed Reduce the company’s shares through centralized bidding, block transactions, and agreement transfers, reducing the total number of shares to less than 100,000,000 shares, accounting for approximately 6.05% of the company’s total share capital. Relevant media reported that the company ’s stock price has risen and fallen daily after the company ’s above-mentioned reduction plan was disclosed, because if the company ’s second largest shareholder, Geely Technology Group Co., Ltd. (hereinafter referred to as “Geely Technology”) took over the above-mentioned shares, it would surpass the company ’s actual controller Zhong Faping .

The clarification of the relevant matters is as follows:

1. After preliminary verification with Geely Technology, the company’s second largest shareholder, Geely Technology did not actively seek to gain control of the company through this reduction plan. After further verification with Keliyuan Group, the agreement transfer in this reduction plan is still at the inquiry stage. There is no clear transferee and no substantial progress.

2. Prior to the announcement of the “Reduction Plan”, Keliyuan Group and its concerted parties Zhong Faping held a total of 21.15% of the company’s total share capital; after the completion of this reduction plan, Keliyuan The Group and its concerted parties, Zhong Faping, will hold a total of 15.1% of the company’s total share capital, and its control will not change due to the implementation of this reduction plan.

In accordance with the requirements of relevant regulations, the company will timely disclose major matters that need to be disclosed during the implementation of the reduction plan. Investors are kindly requested to pay attention to the company’s announcement and pay attention to investment risks in a timely manner.

Special announcement.

Board of Directors of Hunan Keliyuan New Energy Co., Ltd.

January 16, 2020

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