Jin Yu Che Cheng (000803): The Suspension Will Terminate The Acquisition Of 60% Yuan In The Energy Market, And Continue To Promote The Acquisition Of Ten Party Ring To 86.34% Stake.

000803.SZ announced that the company held the third meeting of the tenth board of directors in November 4, 2019, and deliberated on the motion related to issuing shares and paying cash to purchase assets and raising matching funds and related transaction plans. The company intends to issue 86.34% shares of Shandong's ten party environmental protection energy Limited by Share Ltd (ten party ring energy) by issuing shares and paying cash, and 60% equity interest of Beijing Zhong Yuan Chuang Neng Engineering Technology Co., Ltd. ("Zhong Yuan Chuang Neng"), and raise matching funds.

Since the announcement of the reorganization plan, the company and related parties have actively promoted the reorganization of assets and conducted further consultations and coordination with the parties concerned on asset reorganization. Due to the failure of the trading partners to agree on the core trading conditions, the company intends to terminate the 60% stake in Chuang Chuang energy through the agreement between the two sides and continue to promote the acquisition of 86.34% stake by the ten party ring. According to the financial data of the target company disclosed by the company's asset restructuring plan, the restructuring plan is adjusted to reduce the proportion of the transaction target in the year 2018, which accounts for more than 20% of the total assets of the original target.

According to the relevant regulations promulgated by the China Securities Regulatory Commission, the above adjustment will constitute a major adjustment to the asset restructuring plan disclosed in the previous plan. The reorganization plan needs to be reconvened for consideration by the board of directors and submitted to the shareholders' meeting for approval after the deliberation and approval of the board of directors and submitted to the CSRC for approval.

After the company's application, the company's stock will be suspended from the opening of January 13, 2020, with no more than 5 trading days expected.