Huaihe Energy(SH:600575) Shang Hai Zheng Quan Bao·2025-12-10 17:42Core Viewpoint - The company has successfully completed the transfer of 89.30% equity of Huaihe Energy Power Group Co., Ltd. from its controlling shareholder, Huainan Mining (Group) Co., Ltd., through a combination of issuing shares and cash payment [1][2]. Group 1: Transaction Implementation - The transfer of 89.30% equity of the power group has been fully registered under the company’s name, and all necessary procedures for the equity transfer have been completed [2]. - The company has paid the cash portion of the transaction price to Huainan Mining and will issue shares to cover the remaining transaction price [3]. Group 2: Subsequent Matters Related to the Transaction - The parties involved need to determine the profits and losses of the assets during the transition period and fulfill the agreements regarding the arrangement of these profits and losses [3]. - The company must handle changes in registered capital and amendments to the company’s articles of association with the market supervision authority [3]. - The company is required to continue fulfilling its information disclosure obligations regarding subsequent matters related to the transaction as per relevant laws and regulations [3]. Group 3: Opinions from Intermediary Institutions - The independent financial advisor, CITIC Securities Co., Ltd., confirmed that the transaction has followed all legal procedures and that the transfer of assets is valid and effective [4][5]. - The legal advisor, King & Wood Mallesons, stated that all necessary approvals and authorizations have been obtained, and the conditions for the asset purchase agreement have been met, allowing the transaction to proceed legally [5].