TIDMYTT
RNS Number : 7859F
Zhejiang Yongtai Technology Co Ltd
12 July 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(GDR under the symbol: "YYT")
(a joint stock company established under the laws of the
People's Republic of China with limited liability)
Announcement on Change in the Registered Capital and Amendments
to the Article of Association
The Company and all the members of the Board of Directors
confirm that all the information contained in this information
disclosure is true, accurate and complete and that there is no
false and misleading statement or material omission in this
information disclosure.
On 12 July 2023, the seventh meeting of the sixth session of the
board of directors of Zhejiang Yongtai Technology Co., Ltd.
(hereinafter referred to as the "Company") was held, at which the
Resolution in relation to the Change in the Registered Capital and
the Amendments to the Article of Association was considered and
passed. The details are as follows:
I. Change in Registered Capital
As examined and/or approved by China Securities Regulatory
Commission through the Approval of the Issuance and Listing of
Global Depositary Receipts of Zhejiang Yongtai Technology Co., Ltd.
on the London Stock Exchange (Securities Regulatory Permission
[2023] No. 684) and the relevant domestic and overseas regulatory
authorities, the 7,438,900 Global Depositary Receipts (hereinafter
referred to as the "GDRs") issued by the Company were listed on the
London Stock Exchange on 11 July 2023 (London time) (hereinafter
referred to as the "Issuance"). The additional underlying
securities under the Issuance are 37,194,500 A shares of the
Company, the registration of which have been completed.
Accordingly, the registered capital of the Company has been
changed from RMB876,566,295 to RMB913,760,795, which will be
contributed in the mode of money, with the time of subscription
being the date of receipt of the proceeds raised from the Issuance.
Upon completion of the Issuance, the total share capital of the
Company will be changed from 876,566,295 shares to 913,760,795
shares.
II. Amendments to Article of Association
According to the actual situation of the Issuance, the Company
intends to amend the relevant provisions of the Articles of
Association (Draft) of Zhejiang Yongtai Technology Co., Ltd., which
was considered and approved at the 2022 Annual General Meeting held
on 16 May 2023, as follows:
Before Amendments After Amendments
No.
1. Article 3 As examined and approved
by China Securities Regulatory Article 3 As examined and
Commission on 27 November 2009, approved by China Securities
the Company made an initial Regulatory Commission on 27
public offering of 33.5 million November 2009, the Company
RMB ordinary shares (hereinafter made an initial public offering
referred to as "A Shares"), of 33.5 million RMB ordinary
which were listed on the Shenzhen shares (hereinafter referred
Stock Exchange on 22 December to as "A Shares"), which were
2009. As examined and approved listed on the Shenzhen Stock
by China Securities Regulatory Exchange on 22 December 2009.
Commission on 28 March 2023, As examined and approved by
the Company issued [ ] Global China Securities Regulatory
Depository Receipts (hereinafter Commission on 28 March 2023,
referred to as the "GDRs"), the Company issued 7,438,900
representing [ ] A Shares of Global Depository Receipts
the Company as calculated at (hereinafter referred to as
the conversion ratio determined the "GDRs"), representing 37,194,500
by the Company, which were listed A Shares of the Company as
on the London Stock Exchange calculated at the conversion
on [ ]. ratio determined by the Company,
which were listed on the London
Stock Exchange on 11 July 2023.
----------------------------------- ----------------------------------------
2. Article 6 The registered capital Article 6 The registered capital
of the Company is RMB [ ]. The of the Company is RMB913,760,795.
paid-up capital is RMB [ ]. The paid-up capital is RMB913,760,795.
----------------------------------- ----------------------------------------
3. Article 20 The total number Article 20 The total number
of shares of the Company is of shares of the Company is
[ ] million, all of which are 913,760,795, all of which are
ordinary shares. ordinary shares.
----------------------------------- ----------------------------------------
The Company will promptly apply to the market regulation
administration for the registration of the change in registered
capital, as well as the change in the Articles of Association, the
filing and registration and other relevant procedures upon the
consideration and approval at this meeting of the board of
directors. The aforesaid changes shall be subject to the contents
approved by the market regulation administration. For details of
the amended Articles of Association, please refer to the relevant
contents disclosed by the Company on the CNINFO at
http://www.cninfo.com.cn on the same date.
Board of Directors
Zhejiang Yongtai Technology Co., Ltd.
12 July 2023
Corporate Information
Zhejiang Yongtai Technology Co., Ltd. is a joint stock company
with limited liability established in the People's Republic of
China 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.
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END
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(END) Dow Jones Newswires
July 12, 2023 04:14 ET (08:14 GMT)
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