Important Information for Shareholders
- Voting Rights: All shareholders are entitled to attend and vote at the EGM. Proxies can be appointed and need not be shareholders themselves.
- Share Registration Deadline: The register of members will be closed from 11 March 2026 to 16 March 2026, with no share transfers allowed during this period. Only shareholders listed on the register as of 16 March 2026 are eligible to vote.
- Submission of Proxy Forms: Proxy forms and supporting documents must be deposited at the Company’s Secretariat (for A shares) or at Computershare Hong Kong Investor Services Limited (for H shares) at least 24 hours before the EGM or poll.
- Share Transfer Cut-off: H share holders must lodge transfer documents with Computershare Hong Kong Investor Services Limited by 4:30 p.m. on 10 March 2026 to qualify for voting.
- Identification Requirement: Shareholders or proxies attending the EGM must bring identity documents.
- Personal Expenses: Attendees are responsible for their own travel and accommodation costs.
Potential Price-Sensitive Developments
- Significant Capital Raising: The proposal could provide Jiangxi Copper with up to RMB 25 billion in fresh debt capital, which may be used for various corporate purposes, potentially impacting the Company’s balance sheet, liquidity, and future growth strategy.
- Board Discretion & Flexibility: The Board is empowered to adjust issuance terms, structure, and implementation in response to market and regulatory changes. This flexibility could affect the risk profile and cost of capital.
- Market Impact: The size and nature of the proposed debt financing may influence the Company’s credit rating and investor perception, potentially affecting the share price depending on the use of proceeds, interest rates, and market conditions at the time of issuance.
- Regulatory Compliance: Any changes in PRC laws, regulations, or market conditions may require adjustments to the proposal, with the Board authorised to make such changes without further shareholder approval (except as mandated by law).
Comprehensive Details
- The Board will determine all specifics regarding the issuance, including actual issue size, terms, interest rate, timing, target subscribers, method, number of tranches, use of proceeds, credit rating arrangements, subscription methods, repayment terms, listing arrangements, and underwriting.
- The Board will engage relevant intermediaries and will handle all documentation and disclosure requirements, including prospectus, underwriting agreements, bondholder meeting rules, and announcements.
- In case of regulatory or market changes, the Board may revise the proposal as necessary, except for matters requiring fresh shareholder approval.
- Any two executive Directors are authorised to form a working group to execute all tasks related to the registration, issuance, and listing of the debt instruments.
- The authorisation remains valid until all related matters are completed.
Conclusion
This EGM and proposed debt financing represent a significant capital event for Jiangxi Copper Company Limited. Shareholders should be aware of the potential implications on the Company’s financial structure, risk profile, and strategic flexibility. The broad authorisation given to the Board and executive Directors underscores the Company’s intention to be agile and responsive to changing market and regulatory conditions.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should undertake their own due diligence and consult professional advisors before making any investment decisions related to Jiangxi Copper Company Limited.
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