TIDMSDIC
RNS Number : 5920R
SDIC Power Holdings Co., LTD
27 October 2023
SDIC Power Holdings CO., LTD.
(GDR under the symbol: "SDIC")
NOTICE OF THE 2023 FIFTH EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN that the fifth extraordinary general
meeting for the year 2023 of SDIC Power Holdings Co., Ltd. will be
held at Room 207, No.147 Xizhimen Nanxiao Street, Xicheng District,
Beijing, the PRC, on Tuesday, 14 November 2023 at 14:00 p.m., for
the purpose of considering, and if thought fit, passing the
following resolution.
ORDINARY RESOLUTION
1. To consider and approve the resolution on the proposal for
registration and issuance of medium-term notes.
The Board of Directors of SDIC Power Holdings Co., Ltd.
October 27, 2023
The resolutions hereunder contain the English translation of the
Chinese version of "Meeting materials for the 2023 Fifth
Extraordinary General Meeting" as published on the website of the
Shanghai Stock Exchange, and are provided for your reference only.
In case of discrepancy between the Chinese version and the English
version, the Chinese version shall prevail.
Proposal I
SDIC Power Holdings Co., Ltd.
Proposal for registration and issuance of medium-term notes
Dear shareholders and shareholder representatives:
In order to maintain the continuity and ensure the smoothness of
various financing channels, to increase the diversity and
flexibility of debt financing, and to meet the needs of the
company's operation and development, according to Company Law of
the People's Republic of China, Measures for the Administration of
Debt Financing Instruments of Non-financial Enterprises in the
Interbank Bond Market and other related regulations, the company
plans to apply to NAFMII for registration and issuance of
medium-term notes with a total amount of no more than 3 billion
yuan (including 3 billion yuan). The details are as follows:
PLAN OF ISSUANCE
I. ISSUE SIZE
The total amount of medium-term notes issued by the company for
registration shall not exceed RMB 3 billion (including RMB 3
billion) and can be issued either in one tranche or in multiple
tranches. The specific issue size will be subject to the total
amount registered by the company with NAFMII.
II. TERM OF ISSUANCE
The single-issue term of medium-term notes this time shall not
exceed 5 years (including 5 years), and the specific issue term
shall be determined according to the company's capital demand and
market conditions.
III. USE OF PROCEEDS
The main use of proceeds this time includes but is not limited
to the supplement of working capital, replacement of existing
financing, repayment of loans from financial institutions and other
purposes approved by NAFMII.
IV. INTEREST RATE OF ISSUANCE
The midterm notes for this issuance will be in the form of fixed
interest rates, with interest calculated on an annual basis using
simple interest, without compounding. The issuance interest rate
will be determined based on the prevailing interest rate levels in
the interbank bond market during the issuance period and the
conditions of the underwriters.
V. TARGET SUBSCRIBERS
The target subscribers are institutional investors in China's
inter-bank bond market (excluding those prohibited by national laws
and regulations).
VI. METHOD OF ISSUANCE
The company shall employ financial institutions with
corresponding underwriting qualifications to underwrite.
VII. VALIDATION PERIOD OF RESOLUTION
The relevant resolutions shall continue to be effective during
the registration, issuance, and duration of the medium-term notes
after being approved by the general meeting of shareholders.
AUTHORIZATION FOR THE REGISTRATION AND ISSUANCE OF MEDIUM-TERM
NOTES
In order to complete the registration and issuance of
medium-term notes legally and efficiently, in accordance with
Company Law of the People's Republic of China, Measures for the
Administration of Debt Financing Instruments of Non-financial
Enterprises in the Interbank Bond Market and other related
regulations, as well as the Articles of Association of SDIC Power
Holding Co., Ltd., it is proposed at the general meeting to
authorize the Board and agree with it to further authorize the
authorized persons to jointly or severally deal with, at their sole
discretion, all matters in connection with this issuance, within
the framework considered and approved at the general meeting and
based on the principle of maximizing the interests of the
shareholders of the Company, including but not limited to:
(I) Formulate the specific plan for the registered issuance of
medium-term notes, and adjust the issuance terms, including the
term of issuance, timing of issuance, issuance amount, interest
rate of issuance, underwriting method, etc.
(II) According to the actual needs, to select and engage
underwriter or other intermediaries for the registration and
issuance of medium-term notes.
(III) To revise, sign and declare all agreements and legal
documents related to the registration and issuance of medium-term
notes within the scope of the above authorization, and to go
through all necessary procedures and other matters related to the
declaration, registration, and issuance of medium-term notes.
(IV) To adjust the specific scheme for the registration and
issuance of medium-term notes and other related matters
accordingly, when laws, regulations or other documents and
authorities' policies on medium-term notes are changed, or when
market conditions are changed.
(V) To deal with all other matters related to the registration
and issuance of medium-term notes.
It is proposed at the general meeting to authorize Chairman Zhu
Jiwei as the authorized person to deal with all matters in
connection with this issuance on behalf of the company, in
accordance with the resolution and the authorization of the board
of directors.
The resolution was considered and approved by the Board on
October 27, 2023 and is now submitted to the EGM for its
consideration and approval.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NOGMZMZGFNMGFZM
(END) Dow Jones Newswires
October 27, 2023 09:11 ET (13:11 GMT)
Sdic Power (LSE:SDIC)
Historical Stock Chart
From Apr 2024 to May 2024
Sdic Power (LSE:SDIC)
Historical Stock Chart
From May 2023 to May 2024