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Hanergy Mobile Energy Holding Group Limited Announcement

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Release Time:2018-10-23

Hanergy Mobile Energy Holding Group Limited

ANNOUNCEMENT

 

Due to the fact that the listed company, Hanergy Thin Film Power Group Limited (Stock Code: HK 00566, hereby “the listed company”) has been suspended for over 3 years, in order to protect the interest of middle and small shareholders, according to the approval of the Board of Directors of Hanergy Mobile Energy Holding Group Limited at the 2nd Board meeting - Session 7, Hanergy Mobile Energy Holding Group Limited has decided to offer privatization to all investors that possess stocks of the listed company, offering price is no less than 5 HK dollars per share, with cash purchase or stock replacement. After privatization, the company plans to be listed with A-shares market of mainland China.

 

We sent our privatization suggestion to the listed company on October 12. After thorough consideration at their board meeting which was held on October 18, board members of the listed company made the following decision: they unanimously accept our privatization suggestion. The listed company asks us to offer detailed and complete privatization plan following the Hong Kong Codes on Takeovers and Mergers and Share Buy-backs. The listed company will apply for the approval of related Hong Kong agencies according to related laws and regulations.

 

 

Hanergy Mobile Energy Holding Group Limited

                              

October 23, 2018

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