SINOHYTEC (02402) plans to issue A shares to acquire 100% equity of Dingzhou Xuyang and raise supporting funds. A shares will be suspended from trading starting February 27th.

SINOHYTEC (02402) announced on February 26, 2025, that the company has entered into a non-legally binding cooperation agreement with XY Group Limited, under which the company intends to acquire target assets and raise funds through the issuance of A shares to XY Group. The proposed target assets for the transaction are the 100% equity interest in Dingzhou Xuyang Hydrogen Energy Co., Ltd. (Dingzhou Xuyang), a subsidiary of XY Group. Dingzhou Xuyang is a subsidiary of XY Group, mainly engaged in research and development of new energy technologies. As of the date of this announcement, Dingzhou Xuyang is 68.75% owned by XY Group, and 31.25% owned by Hebei Xuyang Energy Co., Ltd. (a subsidiary of XY Group). Due to the uncertainties in the proposed transaction and to ensure fair disclosure of information, protect investor interests, and avoid significant impact on A-share prices, in accordance with the rules of the Science and Technology Innovation Board of the Shanghai Stock Exchange and as requested by the company, trading of A shares will be suspended on the Shanghai Stock Exchange starting from February 27, 2025 (Thursday) for a period not exceeding five Shanghai Stock Exchange trading days. During the suspension of A-share trading, the company's H-shares listed on the Hong Kong Stock Exchange will continue to trade. The company will make further announcements and apply for the resumption of A-share trading in due course.