On November 24th, 600877.SH announced that the fifth meeting of the 12th session of the board of directors of the company decided to consider and pass the "bill on adjusting the proposed change of the company's securities acronym."
In view of the fact that the company has implemented a major asset restructuring in 2021, the company's main business, assets and ownership structure have all undergone significant changes. The company held the fourth meeting of the 12th session of the board of directors on October 27, 2021. The motion on changing the company name and securities acronym was deliberated and adopted, and the company name is proposed to be changed from "China Electric Power Co., Ltd." to "China Electric Power Co., Ltd." to "CLP Kesheng Optoelectronic Technology Co., Ltd." It is proposed that the abbreviation of securities will be changed from "electric power shares" to "sound and optoelectronics", and the securities code "600877" will remain unchanged. At present, the industrial and commercial registration of the change of company name has been completed, and the "Business license" issued by Chongqing Market Supervision Administration has been obtained, and the company has officially changed its name to "China Electric Power Kesheng Optoelectronic Technology Co., Ltd.".
According to the relevant provisions of Article 5 of the Business guidelines for the change of Securities abbreviations of listed companies on the Shanghai Stock Exchange, the general terms of region and industry that are too general and inconsistent with the actual situation of the company shall not be used, it is necessary to adjust the company's proposed securities abbreviation to "acousto-optic department", and this proposal does not need to be submitted to the shareholders' general meeting for consideration.
The company's change of securities abbreviation needs to be submitted to the Shanghai Stock Exchange for examination and approval before it can be implemented.