TORONTO, ONTARIO–(Marketwired – Sept. 15, 2016) – China Wind Power International Corp. (the “Company“) announces that it has mailed its Management Information Circular (the “Circular“) and related voting materials to shareholders of the Company (the “Shareholders“) in connection with the special meeting of Shareholders to be held on October 13, 2016 (the “Meeting“). The Meeting will be held at 199 Bay Street, Suite 4000, Commerce Court West, Toronto, Ontario at 10:00 a.m. (Toronto time). The Circular has also been filed under the Company’s SEDAR profile at www.sedar.com.
As previously announced, the Meeting will be convened in connection with an arrangement agreement (the “Arrangement Agreement“) between the Company and Ruihao Trust (“Ruihao“), a major shareholder of the Company, pursuant to which it is proposed that the Company will sell all or substantially all of its assets to Ruihao for $12,310,000 by way of a plan of arrangement (the “Arrangement“) under the Business Corporations Act (Ontario) (the “OBCA“). Upon completion of the Arrangement, it is expected that the Company will voluntarily dissolve (the “Dissolution“) pursuant to Section 237(a) of the OBCA. For additional information on the Arrangement Agreement, Arrangement and the Dissolution, please refer to the Company’s July 29, 2016 press release.
Forward-Looking Statement Disclaimer
Certain statements that are not historical facts made in this press release may be “forward-looking statements” within the meaning of applicable Canadian securities legislation (forward-looking information and forward-looking statements being collectively herein after referred to as “forward-looking statements”) and are subject to risks and uncertainties. Statements containing words such as “will”, “could”, “expect”, “may”, “anticipate”, “believe”, “intend”, “estimate”, “plan” and other similar expressions are forward-looking statements that represent management’s beliefs at the time the statements are made and are based on certain factors and assumptions. Such forward-looking statements may include, without limitation, statements regarding the date and time of Meeting, the Arrangement and the expected Dissolution.
These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events to differ materially from those projected in forward-looking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties involving the closing of the Arrangement, the completion of the Dissolution, the expected benefits of the Arrangement to the Shareholders, and receipt of the necessary Shareholder and regulatory approvals and other risks and uncertainties as more fully described in the Company’s regulatory filings with the securities regulatory authorities, which are available under the Company’s profile at www.sedar.com. Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other actors are not exhaustive; therefore, readers should not place undue reliance on the forward-looking statements contained herein. Except as required by applicable securities laws, the Company undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date on which such statement is made.
