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Huapei Power: Plans to issue convertible bonds and pay cash to acquire 100% equity of Meichuang Zhigan; stock suspension
Huapei Power announces that the company plans to purchase 100% equity of Meichuang Zhigan (Wuxi) Technology Co., Ltd. held by Wuxi Shengyi Industrial Investment Partnership (Limited Partnership) through the issuance of convertible corporate bonds and cash payments, and to raise supporting funds by issuing shares to no more than 35 specific investors. This transaction is expected to constitute an associated transaction and a major asset restructuring but does not constitute a reorganization listing. The company’s A-shares will be suspended from trading starting from the market opening on February 13, 2026 (Friday), with an expected suspension period of no more than 10 trading days.