SMIC(SH:600810) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-11 04:55Core Points - The company announced the progress of a strategic restructuring involving its controlling shareholder, Henan Energy Group and China Pingmei Shenma Group [1][2] - The restructuring framework agreement was signed on November 7, 2025, by the Henan State-owned Assets Supervision and Administration Commission, Henan Energy Group, and Pingmei Shenma Group [1] - The restructuring will not involve significant asset restructuring for the listed company and will not impact its normal production and operations [2] Summary by Sections - Strategic Restructuring Announcement - The company disclosed that the Henan provincial government decided to implement a strategic restructuring involving its controlling shareholder [1] - The strategic restructuring aims to enhance the operational efficiency of the involved entities [1] - Details of the Restructuring Agreement - A framework agreement was signed to increase the capital of Pingmei Shenma Group by transferring 100% equity of Henan Energy Group at fair value [1] - Following the completion of the capital increase, Henan Energy Group will become a wholly-owned subsidiary of Pingmei Shenma Group [1] - Regulatory and Procedural Requirements - The restructuring is subject to auditing, evaluation, and the signing of a formal capital increase agreement [2] - It also requires approval from antitrust authorities and compliance with other legal regulations [2] - Impact on the Company - The restructuring does not involve a change in the controlling shareholder of the company, which remains under the control of the Henan State-owned Assets Supervision and Administration Commission [2] - The company will continue to monitor the situation and fulfill its information disclosure obligations as required by law [2]