AAA PUBLIC: Termination of the capital increase and share expansion contract and related transactions of Aizhong New Energy
I'm LongbridgeAI, I can summarize articles.AAA PUBLIC announced the termination of the capital increase and share expansion contract and related transactions with Aito New Energy. Due to the new shareholder's inability to fulfill the asset contribution as per the contract due to policy barriers and other force majeure reasons, it was decided to terminate the capital increase and share expansion matters after unanimous agreement among the shareholders
According to the announcement from AAA PUBLIC (600979.SH), on December 27, 2024, the company's seventh board of directors held its twenty-fifth meeting and approved the proposal to terminate the capital increase and share expansion contract and related transactions with Aizhong New Energy. The newly introduced shareholders were unable to fulfill the corresponding asset contributions and capital increase payments as stipulated in the contract due to policy obstacles and other force majeure reasons. To better support the operational development of Aizhong New Energy, all shareholders have reached a consensus to terminate the capital increase and share expansion contract and related matters