Jinyu Che Cheng (000803): Receiving A Notice Of Feedback From Administrative Licensing Project Review
The Sichuan Jinyu Motor City (Group) Limited by Share Ltd (hereinafter referred to as "the company") received the notice issued by the China Securities Regulatory Commission (hereinafter referred to as the "China Securities Regulatory Commission") in March 26, 2020 for a review of the administrative licensing project of the China Securities Regulatory Commission (No. 200369).
The China Securities Regulatory Commission (CSRC) has conducted a review of the application materials for administrative licensing of the Sichuan Jinyu Motor City (Group) Limited by Share Ltd listing company for the approval of the issuance of shares, according to law. It now requires the company to make written explanations and explanations on the relevant issues and submit written reply to the administrative licensing department of the China Securities Regulatory Commission within 30 working days.
The company will actively organize relevant personnel and intermediaries to organize relevant materials according to the notice, and submit written reply opinions to the CSRC administrative licensing admissibility Department within the prescribed time limit.
The company's issue of shares and payment of cash to purchase assets and the raising of matching funds and related transactions must be further approved by the China Securities Regulatory Commission. There is still uncertainty about the time when it will be approved and finally approved. The company will fulfill its obligation of information disclosure in accordance with the CSRC's verification of the matter, and invite investors to pay attention to investment risks.
Notice hereby.
Sichuan Jinyu Automobile City (Group) Limited by Share Ltd
Board of directors March 26, 2020
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