[HK] China Geothermal Energy: Delay in Posting Circular
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Delay in sending circulars
Reference is made to China Geothermal Industry Development Group Co., Ltd. (the “Company”) dated December 16, 2019.
Announcement regarding acceptance of financial assistance provided by guarantee, entering into a guarantee service agreement and connected transactions granting counter-guarantees (the “Announcement”). Unless the context otherwise requires, terms used in this announcement shall have the same meaning as defined in the announcement.
As disclosed in the announcement, a letter containing (among others) (1) a letter from the Board of Directors containing, among other things, further details of the transactions contemplated under the guarantee service agreement and counter-guarantee agreement (including additional collateral) (2) Letter of recommendation from the Independent Board Committee to the Independent Shareholders on the transactions contemplated under the Guarantee Service Agreement and the Counter-guarantee Agreement (including additional mortgages); Letter to the Independent Board Committee for the transactions contemplated under the Additional Mortgage); (4) Notice of the EGM; and (5)
A circular with additional information required by the GEM Listing Rules is expected to be sent to shareholders on or before January 9, 2020. However, as more time is required to prepare and implement certain information to be contained in the circular, the Board anticipates that the date of dispatch of the circular and the notice of the extraordinary general meeting to the shareholders of the Company will be delayed until February 2020 Three days or before.
By Order of the Board
Xu Shengheng of China Geothermal Energy Industry Development Group Co., Ltd.
Co-Chairs and Executive Directors
Hong Kong, January 9, 2020
As at the date of this announcement, the Board consists of executive directors Mr. Xu Shengheng, Ms. Wang Yan, Ms. Chen Yanji, Mr. Wang Manquan,
It consists of Mr. Zang Yiran and Mr. Dai Qi, non-executive directors Mr. Yang Wei and Mr. Wang Zhiyu (Ms. Liu Yining as its alternate director), and independent non-executive directors Mr. Jia Wenzeng, Mr. Wu Desheng, Mr. Wu Qiang and Mr. Guo Qingui.
This announcement is published in compliance with the "GEM Securities Listing Rules of The Stock Exchange of Hong Kong Limited" and is intended to provide information about the company; the directors of the company are willing to jointly and individually assume full responsibility for this announcement. After making all reasonable enquiries, the directors confirmed that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all important respects, is not misleading or deceptive, and does not omit other matters, which is sufficient for the purposes of this announcement. Containing any statement or this announcement is misleading.
This announcement will be posted on the GEM website (domain name www.hkgem.com) for at least seven days from the date of publication
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