On 27 August 2026, Anhui Jinyan Kaolin New Materials Co., Ltd. (“Jinyan Kaolin”) announced that its Board has approved an application to terminate the quotation of its RMB-denominated domestic shares on the National Equities Exchange and Quotations (NEEQ). The proposal will be tabled as a special resolution at an upcoming extraordinary general meeting (EGM); delisting remains subject to both shareholder endorsement and NEEQ regulatory approval.
Management cited limited trading and financing functions on the NEEQ, incremental compliance and disclosure burdens from maintaining dual platforms, and the establishment of an external capital‐raising channel via the company’s H-share listing on the Hong Kong Stock Exchange (HKEX) on 3 December 2025 as key drivers behind the decision. The company expects the move to enhance decision-making speed, operational efficiency and cost control while allowing continued focus on its core kaolin-based new-materials business.
Delisting Scope and Impact • The action concerns only the domestic shares quoted on the NEEQ; Jinyan Kaolin’s H-shares will remain listed and fully tradable on the HKEX. • The company stated the Delisting will not trigger changes to its principal business, core assets, ownership structure, board or senior management, nor affect its financial position or the public float of its H-shares. • Full consensus has been reached with existing NEEQ shareholders, and no dissent is currently expected. If objections arise during the EGM process, the company will formulate protective measures and disclose them promptly.
Process and Timeline • Trading in domestic shares will be suspended from the first trading day following the EGM record date. If shareholders do not approve the proposal, trading is expected to resume within two trading days after the EGM results announcement. • Following shareholder approval, the company will submit a formal delisting application to the NEEQ; final timing depends on regulatory clearance.
Board Authorization The EGM will also vote on granting the Board comprehensive authority to manage all documentation, regulatory filings, registration changes and other procedures required for the delisting. The authorization would remain valid until completion of the domestic share delisting.
Risk Disclosure The company cautions investors that the delisting remains contingent on shareholder and NEEQ approval, and the application could be rejected.
Jinyan Kaolin reiterated its commitment to strengthening management capabilities, enhancing product competitiveness and delivering long-term value to stakeholders while maintaining compliance with HKEX requirements.