Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 01713)
This announcement is made by Sichuan Energy Investment Development Co., Ltd.* (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the inside information announcements of the Company dated 29 November 2024, 30 December 2024, 14 January 2025, and 27 February 2025, in relation to the Restructuring (together the "Announcements"). Unless otherwise specified, the capitalized terms used herein shall have the same meaning as those defined in the Announcements.
As at the date of this announcement, the Company received a notice from Energy Investment Group stating that Sichuan Energy Development Group has completed its incorporation registration procedures on 25 February 2025, and on 27 February 2025, Sichuan Energy Development Group, Sichuan Provincial Investment Group and Energy Investment Group entered into an agreement on the completion of inheritance of assets among Sichuan Energy Development Group, Sichuan Provincial Investment Group and Energy Investment Group (the "Agreement"). Pursuant to the Agreement, the conditions of the Merger Agreement have been satisfied for the completion (the "Completion"), the signing date of the Agreement (i.e., 27 February 2025) is the date of the Completion. From the date of the Completion, all the assets, liabilities, business, employees, contracts and qualifications together with all other rights and obligations of Energy Investment Group and Sichuan Provincial Investment Group shall be inherited, assumed or enjoyed by Sichuan Energy Development Group; and the subordinate branch entities and equity interest or other interest in the subordinate companies held by Energy Investment Group and Sichuan Provincial Investment Group shall be vested in Sichuan Energy Development Group. From the date of the Completion, all outstanding debts, obligations and responsibilities that still need to be fulfilled by Energy Investment Group and Sichuan Provincial Investment Group shall be assumed by Sichuan Energy Development Group.
After the completion of the Restructuring, the controlling shareholder of the Company will be changed from Energy Investment Group to Sichuan Energy Development Group, however, SASAC of SPG will remain as the ultimate actual controller of the Company. Currently, the production and operation of the Group all remain normal, and the Company will make information disclosure in a timely manner in compliance with the requirements under the Listing Rules and applicable laws and regulations based on the progress of the Restructuring.
By order of the Board
Sichuan Energy Investment Development Co., Ltd.*
He Jing
Chairman
Chengdu, Sichuan Province, the PRC
27 February 2025
As at the date of this announcement, the executive directors of the Company are Mr. He Jing, Mr. Wang Yuanchun and Ms. Xie Peixi; the non-executive directors of the Company are Ms. Han Chunhong, Mr. Tao Xueqing, Mr. Gao Bin, Mr. Kong Ce and Mr. Zhao Gen; and the independent non-executive directors of the Company are Mr. Siu Chi Hung, Mr. Chen Chuan, Mr. Mou Yingshi, Prof. Li Jian and Ms. He Yin.
All directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.