Hisense Network can actively implement the tender offer and will acquire the actual control of Colin Electric

On the evening of May 13, Colin Electric (603050) released the summary of the tender offer report, Hisense Netergy plans to acquire 20% shares of Colin Electric at a price of 33 yuan/share, with the purpose of acquiring control of the listed company of Colin Electric. Shi Wenbo, general manager of Hisense Netergy, received an exclusive interview with reporters for this purpose.

Reporter: Hello, Mr. Shi, please briefly introduce the reason and process of Hisense's initiative to launch this tender offer?

Shi Wenbo: Hisense's active tender offer to acquire the shares of Colin Electric this time is legal and reasonable under the current equity structure. We are also fulfilling our commitment to the market and society to obtain the control of Colin Electric. It is legal and compliant for advantageous enterprises to obtain control through various legal means in the property market to develop their industries. It is a behavior protected by laws and supported by policies. This is an important and common way for enterprises to develop their industries, whether at home or abroad. On May 10, Hisense obtained the examination and approval document of the State Market Supervision and Administration on concentration of business operators, and immediately made the decision to take the initiative to offer to acquire the shares of Colin Electric, fully demonstrating Hisense's determination and confidence. This acquisition by offer fully complies with the relevant provisions of the Administrative Measures for the Acquisition of Listed Companies of the CSRC.

Reporter: Please introduce the specific details and ideas of Hisense's acquisition of control of Colin Electric through this tender offer?

Shi Wenbo: Hisense has made it clear in its first announcement that the ultimate purpose of the acquisition is to gain control of the listed company. Through this tender offer, Hisense's direct shareholding ratio will be close to 35%, and its voting rights ratio will be close to 45%. According to the Measures for the Administration of the Acquisition of Listed Companies, investors can actually control more than 30% of the voting rights of the shares of listed companies, which is deemed to have the control of listed companies. Therefore, Hisense will obtain the control of Colin Electric. We believe that ending the instability of the current equity structure of listed companies as soon as possible and fundamentally solving the problem of control rights will be the fundamental measures to promote the stability of listed companies' operations. Of course, the stability of the company is the fundamental premise for the company's business development, which will be conducive to the improvement of the interests of all shareholders and the growth of future value, and will also make greater contributions to the development of the local economy, It will contribute more to the economic and social development of Shijiazhuang.

Reporter: Will Colin Electric terminate its listing status after this tender offer?

Swimber: No. This tender offer of Hisense is a partial tender offer, which will not terminate the listing status of Colin Electric. According to the current equity structure, the proportion of public shareholders of the listed company after the completion of the tender offer of Hisense will not be less than 25%.

Reporter: After Hisense obtained the control of Colin Electric, what are its preliminary plans for Colin Electric?

Shi Wenbo: After Hisense successfully controlled Colin Electric, the registered place, production place, tax paying place, production place, management organization, etc. of the listed company will never move away from Shijiazhuang. The existing backbone staff team will remain stable, and it is necessary to build Colin into the Hisense energy industry headquarters and take root in Shijiazhuang, with Colin as the investment and management subject, and with the help of Hisense in markets Global channels, rapidly expand the organization and channel layout of Colin Electric in the country and the world, empower the advantageous resources of Hisense to Colin Electric, help Colin Electric to become bigger and stronger, go global, achieve scale and efficiency take-off, and promote the maximization of the interests of all shareholders.

Reporter: What market and technical advantages can Hisense Network have, and what help will it bring to Colin after gaining control?

Shi Wenbo: Hisense has made it clear in its first announcement that the acquisition of Colin Electric is based on the group's industrial development strategy. Hisense's layout of new power grids and new energy is a major long-term decision, which is also an important part of Hisense Group's overall strategic planning. Hisense has been in the new energy field for a long time and has a unique competitive advantage in the market. Hisense energy storage products have entered the top 10 customers such as Guodian Investment, Zhongdian Equipment, CRRC, etc. by virtue of their unique energy saving, ALL-IN-ONE thermal management technology, and ranked first in the industry; The power device and power module technologies developed by Hisense are the basic components and core components of the power electronics industry. They are widely used in industries such as frequency conversion, energy storage, and charging. They not only solve the localization problem, but also have formed a competitive advantage. These hard core technologies will help Colin Electric to create a unique competitive advantage and development imagination in the trillion level global new energy market.

Reporter: The majority of investors are very concerned. What plans and goals can Hisense have for the long-term development of Colin Electric in the future?

Shi Wenbo: Hisense has been in the new energy field for a long time and has a unique competitive advantage in the market. First, Hisense is engaged in energy storage temperature control, power semiconductor Software Technical advantages and R&D platforms in power electronics will help Colin create unique product competitive advantages; Secondly, Hisense, as one of the representative brands and manufacturers of China's electronic industry moving towards the world market, can help Colin rapidly expand its scale and achieve rapid international development in the vast markets except Hebei with the help of Hisense's global marketing network and global brand marketing capabilities; Thirdly, Hisense can support and improve Colin in management and operation efficiency, supply chain platform, talent mechanism and other aspects. Hisense has the ability Have a letter Heart enables Colin to develop from a leading power energy listed company in a region to a globally competitive power energy enterprise.

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