TIDMYTT
RNS Number : 6414F
Zhejiang Yongtai Technology Co Ltd
11 July 2023
Admission to Trading on the London Stock Exchange
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, THE PEOPLE'S REPUBLIC OF
CHINA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION, INCLUDING, WITHOUT LIMITATION, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE PEOPLE'S
REPUBLIC OF CHINA.
Neither this announcement, nor anything contained herein shall
form the basis of, or be relied upon in connection with, any offer
or commitment whatsoever in any jurisdiction. Investors should not
subscribe for or purchase any securities referred to in this
announcement except solely on the basis of the information
contained in the prospectus (the "Prospectus"), including the risk
factors set out therein, published by Zhejiang Yongtai Technology
Co., Ltd. (the " Company ") in connection with the offer of global
depositary receipts ("GDRs") representing the Company's A shares
(the "Offer GDRs") and the admission of such GDRs to the standard
listing segment of the Official List of the United Kingdom
Financial Conduct Authority (the " FCA ") and to trading on the
Stock Connect segment of the main market for listed securities (the
" Main Market ") of London Stock Exchange plc (the " LSE ") (the
"Admission"). A copy of the Prospectus is available for inspection
on the Company's website at http://www.yongtaitech.com, subject to
certain access restrictions.
11 July 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(a joint stock company established under the laws of the
People's Republic of China with limited liability)
Admission to Trading on the London Stock Exchange
Following the announcement by Zhejiang Yongtai Technology Co.,
Ltd. ("Yongtai" or the "Company", and together with its
subsidiaries, the "Group") on 6 July 2023 regarding confirmation of
successful pricing for its offering of GDRs representing its A
shares (the "Offering"), the Company announces that the GDRs, with
each GDR representing 5 A shares of the Company, have today been
admitted to the standard listing segment of the Official List to
trading on the Stock Connect segment of the Main Market of the LSE
under the trading symbol "YTT".
Huatai Financial Holdings (Hong Kong) Limited is acting as sole
global co-ordinator (the "Sole Global Co-ordinator") and joint
bookrunner, and China Securities (International) Corporate Finance
Company Limited and CLSA Limited are acting as joint bookrunners
(together with the Sole Global Co-ordinator, the "Joint
Bookrunners").
Corporate Information
Zhejiang Yongtai Technology Co., Ltd. is a joint stock company
with limited liability established pursuant to the Company Law of
the People's Republic of China .
The Company's registered office is located at No. 1 Donghai
Fifth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang
Province, China.
For further information, please visit the website of the Company
at http://www.yongtaitech.com, or contact +86 0576-85588006.
Disclaimer
The contents of this announcement have been prepared by and are
the sole responsibility of the Company.
The information contained in this announcement is for background
purposes only and does not purport to be full or complete nor does
it constitute or form part of any invitation or inducement to
engage in investment activity, nor does it constitute an offer or
invitation to buy any securities in any jurisdiction including the
United States, or a recommendation in respect of buying, holding or
selling any securities. No reliance may be placed by any person for
any purpose on the information contained in this announcement or
its accuracy, fairness or completeness.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the
District of Columbia), Australia, Canada, Japan, South Africa, the
People's Republic of China or any other jurisdiction where to do so
would constitute a violation of the relevant laws of such
jurisdiction. The distribution of this announcement may be
restricted by laws in certain jurisdictions and persons into whose
possession any document or other information referred to herein
comes should inform themselves about and observe any such
restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
This announcement does not constitute or form part of any
offering, is not an offer to sell, or solicitation of an offer to
purchase, buy, acquire or subscribe for, or otherwise invest in,
any securities to any person in any jurisdiction, including without
limitation those in the United States (including its territories
and possessions, any state of the United States and the District of
Columbia), Australia, Canada, Japan, South Africa, the People's
Republic of China or in any other jurisdiction in which such offer
or solicitation would be unlawful. The Offer GDRs have not been,
and will not be, registered under the US Securities Act of 1933, as
amended (the "Securities Act"), or the securities laws of any state
of the United States and may not be offered or sold in the United
States unless registered under the Securities Act or pursuant to or
an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and any applicable
state or local securities law. The Company has not made and does
not intend to make any public offer of securities in any
jurisdiction, including without limitation the United States.
For persons in any member state of the European Economic Area
(the "EEA"), this announcement is only addressed to and directed at
persons who are "qualified investors" ("Qualified Investors")
within the meaning of Article 2(e) of the Regulation (EU)
2017/1129.
For persons in the United Kingdom, this announcement is only
addressed to and directed at persons who are "qualified investors"
within the meaning of Article 2(e) of Regulation (EU) 2017/1129 as
it forms part of retained EU law as defined in the European Union
(Withdrawal) Act 2018 and who (i) have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the "Order"), (ii) are high net worth entities
who fall within Article 49(2)(a) to (d) of the Order, or (iii) are
otherwise persons to whom it may otherwise lawfully be communicated
(all such persons being referred to as "relevant persons").
This announcement must not be acted on or relied on: (i) in the
United Kingdom, by persons who are not relevant persons; and (ii)
in any member state of the EEA by persons who are not Qualified
Investors. Any investment or investment activity to which this
announcement relates is available only to and will only be engaged
with (i) in the United Kingdom, relevant persons, and (ii) in any
member state of the EEA, Qualified Investors.
To the fullest extent permitted under applicable laws, the
Company and each of the Joint Bookrunners and their respective
affiliates expressly disclaims any obligation or undertaking to
update, review or revise any forward-looking statement contained in
this announcement whether as a result of new information, future
developments or otherwise.
Any subscription or purchase of Offer GDRs in the Offering
should be made solely on the basis of information contained in the
Prospectus. The information in this announcement is subject to
change. Before subscribing for or purchasing any Offer GDRs,
persons viewing this announcement should ensure that they fully
understand and accept the risks which are set out in the
Prospectus. No reliance may be placed for any purpose on the
information contained in this announcement or its accuracy or
completeness. This announcement shall not form the basis of or
constitute any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for any Offer
GDRs or any other securities nor shall it (or any part of it) or
the fact of its distribution, form the basis of, or be relied on in
connection with, any contract therefor.
Acquiring investments to which this announcement relates may
expose an investor to a significant risk of losing all of the
amount invested.
Persons considering making investments should consult an
authorised person specialising in advising on such investments.
This announcement does not constitute a recommendation concerning
the Offering. The value of GDRs can decrease as well as increase.
Past performance is not a guide to future performance. Information
in this announcement cannot be relied upon as a guide to future
performance. Before purchasing any securities in the Company,
persons viewing this announcement should ensure that they fully
understand and accept the risks which are set out in the
Prospectus. Potential investors should consult a professional
advisor as to the suitability of the Offering for the person
concerned.
None of the Company, the Joint Bookrunners or any of their
respective affiliates, or any of their or their affiliates'
directors, officers, employees, advisors or agents, accepts any
responsibility or liability whatsoever for or makes any
representation or warranty, express or implied, as to the truth,
accuracy or completeness of the information in this announcement
(or whether any information has been omitted from the announcement)
or any other information relating to the Company, its subsidiaries
or associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of the announcement or its
contents or otherwise arising in connection therewith.
The Joint Bookrunners and their affiliates are acting
exclusively for the Company and no one else in connection with the
Offering. They will not regard any other person as their respective
clients in relation to the Offering and will not be responsible to
anyone other than the Company for providing the protections
afforded to their respective clients, nor for providing advice in
relation to the Offering, the contents of this announcement or any
transaction, arrangement or other matter referred to herein.
Huatai Financial Holdings (Hong Kong) Limited, China Securities
(International) Corporate Finance Company Limited and CLSA Limited
are licensed by the Securities and Futures Commission of Hong
Kong.
In connection with the Offering, the Joint Bookrunners and/or
any of their respective affiliates and/or funds managed by
affiliates of the Company acting as an investor for its or their
own account(s) may subscribe for the Offer GDRs and, in that
capacity, may retain, purchase, sell, offer to sell or otherwise
deal for its or their own account(s) in such Offer GDRs, any other
securities of the Company or other related investments in
connection with the Offering or otherwise. Accordingly, any
references in the Prospectus, to the Offer GDRs being issued,
offered, subscribed, acquired or otherwise dealt in should be read
as including any issue or offer to, or subscription, acquisition or
dealing by, the Joint Bookrunners and/or any of their respective
affiliates and/or funds managed by affiliates of the Company acting
in such capacity. In addition, certain of the Joint Bookrunners or
their affiliates may enter into financing or hedging arrangements
(including swaps) with investors in connection with which such
Joint Bookrunners (or their affiliates) may from time to time
acquire, hold or dispose of GDRs. Neither the Joint Bookrunners nor
any of their respective affiliates intend to disclose the extent of
any such investment or transactions otherwise than in accordance
with any legal or regulatory obligation to do so.
No stabilisation will be carried out in connection with the
Offering.
For the avoidance of doubt, the contents of the Company's
website are not incorporated by reference into, and do not form
part of, this announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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END
LISVFLBFXDLXBBB
(END) Dow Jones Newswires
July 11, 2023 04:36 ET (08:36 GMT)
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