Gelonghui May 16 丨 Shenzhen Textile A(000045)(000045crashofthetitansremastered.SZ) announcedcrashofthetitansremastered, the company held the 30th meeting of the 8th Board of Directors and the 21st meeting of the 8th Supervisory Board on May 16, 2024, which were reviewed and approvedcrashofthetitansremasteredThe "Resolution on Terminating the Issuance of Shares and Payment of Cash to Purchase Assets and Raising of Supporting Funds and Related Transactions" was approved, and the Company agreed to terminate the issuance of shares and Payment of Cash to Purchase Assets and Raising of Supporting Funds and Related Transactions.
Since the planning and first announcement of this transaction, the company has actively organized all parties involved in the transaction to promote various tasks of this reorganization in strict accordance with relevant laws, regulations and regulatory documents. As of the disclosure date of this announcement, due to the complexity of this reorganization plan and the large number of counterparties involved, the transaction has not yet completed the approval procedures for all parties to the transaction, and the validity period of the financial data of the target company has expired. The company cannot purchase assets through the issuance of shares. A notice of convening the shareholders 'meeting will be issued within six months after the announcement of the resolution of the board of directors, that is, before May 17, 2024. From the perspective of safeguarding the interests of all shareholders and the listed company, after careful argumentation by the company and friendly consultation with all parties to the transaction, the company decided to terminate this reorganization.
