YNYW(SH:600725) Zheng Quan Zhi Xing·2025-06-13 13:09Core Viewpoint - The company is unable to issue a notice for the shareholders' meeting regarding the asset acquisition and related transactions within the stipulated timeframe due to ongoing negotiations on transaction terms with relevant parties [1][4][5]. Group 1: Transaction Overview - The company plans to issue shares and pay cash to acquire 100% equity of Yunnan Energy Investment Honghe Power Co., Ltd. from three parties: Yunnan Power Investment Co., Ltd., Yunnan Xiaolongtan Mining Bureau Co., Ltd., and Yunnan Hehe (Group) Co., Ltd. [2][3] - This transaction is expected to constitute a major asset restructuring as defined by the relevant regulations, and it is classified as a related party transaction but does not qualify as a restructuring listing [2][3]. Group 2: Progress and Challenges - Since the disclosure of the transaction proposal, the company and the relevant parties have been actively working on the transaction, including hiring intermediaries for auditing, evaluation, and due diligence [3][5]. - As of the announcement date, further decisions on transaction terms are still required from the relevant parties, which has led to the inability to issue a notice for the shareholders' meeting within the six-month period following the initial board resolution [4][5]. Group 3: Future Steps - The company will continue to coordinate and advance the transaction, with plans to reconvene the board to review the transaction details and set a new pricing benchmark date for the share issuance [5][6]. - The company is committed to adhering to legal and regulatory requirements for the approval and disclosure processes related to this transaction [6].