Stock code: 600795 Stock abbreviation: GDPD No.: L. 2016-25
Bond code: 122151 Bond abbreviation: 12 GD 01
Bond code: 122152 Bond abbreviation: 12 GD 02
Bond code: 122166 Bond abbreviation: 12 GD 04
Bond code: 122324 Bond abbreviation: 14 GD 01
Bond code: 122493 Bond abbreviation: 14 GD 03
GD Power Development Co., Ltd.
Announcement on Stock ContinueSuspension of Ningxia Younglight Chemicals Co., Ltd.due to its involvement in significant assets reorganization
The board of directors and all directors of the Company make the pledge that there is not any misrepresentation, misleading statement or material omission in the content of this announcement and undertake joint and several liabilities on the authenticity, accuracy and completeness of the content.
Whereas, it is hereby notified that:
The Company made announcements on the Stock Suspension of Ningxia Younglight Chemicals Co., Ltd. (Stock Code: 000635, Stock Name: YOUNGLIGHT) held by Guodian Younglight Energy Chemical Group Co., Ltd. (hereinafter referred to as “Younglight Group”) held by the Company due to its involvement in significant assets reorganization issues respectively on April 12 and May 4, 2016.
After the stock market was closed on May 10, 2016, the Company received a notice from Younglight Group, in which it was stated that some chemical industrial assets of Younglight would be reallocated to be taken by Younglight Group and the reorganization plan constitutes significant assets reorganization. The stock of Younglight was continuing suspensionsince May 11, 2016 due to the uncertainty of the above-mentioned issues according to related rules of Shenzhen Stock Exchange.
Younglight anticipated disclosing the plan of this reorganization within 30 calendar days, i.e. before June 11, 2016, to make disclosure on the information of significant assets reorganization according to the requirements of Rules on Contents and Format of Information Disclosure by Companies Publicly Issuing Securities No.26: Significant Asset Restructuring of Listed Companies.
The trading of Younglight stock should be resumed no later than June 11, 2016 if Younglight fails to hold a meeting of directors and to disclose restructuring issues within the above-mentioned period without making a resumption application or with an application not approved by the Exchange. During this period, progress announcements should be made at least once every 5 business days. Younglight made commitments not to plan any significant asset restructuring within 3 months after the stock trading was resumed.
Please investors immediate attentionrelatedannouncement of Younglightand pay attention to the investment risk.
GD Power Development Co., Ltd
March 11, 2016