The latest announcement of Shangwei New Materials! Clarify market rumors that trading will resume next Monday

On the evening of October 10,Shangwei Xincai issued an announcement stating that due to the company's stock price repeatedly encountered abnormal fluctuations and serious abnormal fluctuations in stock trading from July 9 to September 25, the company's stock opened on September 26. Suspension will be suspended for verification. Recently, the company conducted verification on matters related to abnormal fluctuations in stock trading. In view of the completion of relevant verification work, after the company applied to the ShanghaiStock Exchange, trading of the company's shares will resume when the market opens on October 13 (next Monday).
The announcement stated that the company has paid attention to recent discussions and reports in some media in the market about the integration ofShangwei New Materialswith the actual controller Deng Taihua and the related assets controlled by Zhiyuan Innovation (Shanghai) Technology Co., Ltd.(referred to as "Zhiyuan Innovation").The company submitted a request to Shanghai Zhiyuan Hengyue Technology Partnership, the company's purchaser and controlling shareholder (referred to as "Zhiyuan Hengyue") and the actual controller Deng Taihua verified that as of now, the acquirer Zhiyuan Hengyue and his concerted action party Shanghai Zhiyuan Xinchuang Technology Equipment Partnership (referred to as "Zhiyuan Xinchuang Partnership") do not have a clear plan to sell, merge, jointly venture or cooperate with others within the next 12 months, or a clear reorganization plan for the listed company to purchase or replace assets. As of now, Zhiyuan Innovation has no plans or arrangements for backdoor listing through listed companies in the next 36 months.
Shangwei Xincaiannounced on the evening of July 8 that ZhiyuanRobot and related entities plan to acquire at least 63.62% of the company's equity in two steps through agreement transfer and tender offer. Based on a price of 7.78 yuan/share, the transaction amount is approximately 2.1 billion yuan. In September this year, the announced acquisition was carried out as scheduled.
On the evening of September 23, Shangwei Xincai issued an announcement stating that the transfer registration procedures had been completed for the transfer of the agreement. The controlling shareholder of the company was changed from SWANCOR Samoa to Zhiyuan Hengyue, and Deng Taihua became the actual controller of Shangwei New Materials. Zhiyuan Hengyue and Zhiyuan Xinchuang Partnership together will own 29.99% of the shares of the listed company and the corresponding voting rights of the shares.Subsequently, Shangwei New Materials received the "Shangwei New Materials Technology Co., Ltd. Tender Offer Report" from Zhiyuan Hengyue on September 24. Zhiyuan Hengyue planned to make a tender offer to acquire 149 million shares of Shangwei New Materials, accounting for the company's total share ratio is 37%.
During the period from July 9 to September 25 this year, Shangwei Xincai's stock price rose by a cumulative 1,597.94%, which was significantly higher than the increase in related indexes such as the Science and Technology Innovation Composite Index, Science and Technology Innovation 50, and Shanghai Composite Index. Since the beginning of this year, as of the close on September 25, Shangwei New Materials has increased by 1892.5%, with a total market value of 53.28 billion yuan.