天茂实业集团股份有限公司关于以股东会决议方式主动终止公司股票上市现金选择权派发的公告

Core Points - Tianmao Industrial Group Co., Ltd. has decided to voluntarily terminate the listing of its A-shares on the Shenzhen Stock Exchange due to significant uncertainties related to business restructuring [2][3] - The company will initiate a cash option distribution for eligible shareholders, allowing them to exchange their shares for cash at a price of 1.60 yuan per share [3][12] - The cash option exercise period is set from September 15 to September 19, 2025, during which eligible shareholders can submit their exercise requests [5][13] Company Announcement - The decision to terminate the listing has been approved by the company's first extraordinary general meeting of 2025 [2] - The company will submit the application for voluntary delisting to the Shenzhen Stock Exchange within fifteen trading days after the general meeting's resolution [2] - The stock has been suspended from trading since August 14, 2025 [2] Cash Option Details - Each eligible A-share shareholder will receive one cash option for every share held, excluding shares held by certain major shareholders [10][19] - The total number of cash options to be distributed is expected to be up to 1,629,376,288 shares, pending final verification on the registration date [10][19] - The cash options will not be listed for trading [10] Eligibility and Process - Eligible shareholders must not have shares that are subject to restrictions such as being frozen or pledged to exercise the cash option [7][8] - Shareholders holding shares in margin accounts must transfer their shares to regular accounts before the registration date to be eligible for the cash option [4][8] - The cash option exercise must be submitted through the Shenzhen Stock Exchange trading system, and manual submissions will not be accepted [12][14] Important Dates - The cash option registration date is set for September 2, 2025 [9] - The cash option exercise period is from September 15 to September 19, 2025 [5][13] - Any unexercised cash options will be canceled after the exercise period ends [18]