Core Viewpoint - The company, Jiaozuo Wanfang Aluminum Industry Co., Ltd., is in the process of issuing shares to acquire 100% equity of Cayman Aluminum (Sanmenxia) Co., Ltd. from Hangzhou Jinjiang Group and is raising supporting funds, which constitutes a related party transaction and is expected to be a major asset restructuring and restructuring listing [2] Group 1: Transaction Overview - The transaction involves issuing shares to purchase assets and raising supporting funds, which is classified as a related party transaction and is anticipated to be a significant asset restructuring [2] - The company has disclosed that the transaction is subject to approval from the board of directors and the shareholders' meeting, as well as review and registration by the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2][5] - The company’s stock was suspended from trading on March 3, 2025, due to the transaction planning, and resumed trading on March 17, 2025, after relevant board meetings [3] Group 2: Progress of the Transaction - As of the date of the announcement, due diligence, auditing, and evaluation related to the transaction are ongoing and have not been completed [5] - The company will hold another board meeting to review the transaction once the related work is completed, and will convene a shareholders' meeting to discuss related proposals [5] - The company is committed to fulfilling its information disclosure obligations in accordance with relevant laws and regulations regarding major asset restructuring [5][6]
焦作万方铝业股份有限公司关于发行股份购买资产并募集配套资金暨关联交易事项的进展公告