[Oriental Energy] Announcement to Creditors Regarding the Spin-off of Relevant Business Operations of the "Oriental Advanced Division" in Accordance with Regulations.
Oriental Energy Technology Co., Ltd.'s board approved the spin-off of its "Oriental Advanced Division" into a new wholly-owned subsidiary, tentatively named "Oriental Advanced Co., Ltd." The spin-off is scheduled for July 1, 2026, and creditors are being notified to submit any objections.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 09:00
- 🔍 Collected: April 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 02:57 (234h 57m after Collected)
1. Date of Fact Occurrence: 2026/04/08
2. Company Name: Oriental Energy Technology Co., Ltd.
3. Relationship with the Company (Enter this Company or Subsidiary): This Company
4. Mutual Shareholding Ratio: Not applicable
5. Reason for Occurrence:
(1) In accordance with Article 35 of the Business Mergers and Acquisitions Act.
(2) The company's board of directors resolved on April 8, 2026, to spin off the relevant business (including assets, liabilities, and operations) of the "Oriental Advanced Division" to a newly established wholly-owned subsidiary "Oriental Advanced Co., Ltd." (provisional name). The spin-off effective date is tentatively set for July 1, 2026. The Chairman is authorized to make adjustments if necessary.
6. Countermeasures:
In accordanceance with regulations, any creditors of the company who have objections to this spin-off plan can submit them in writing to the company within the period from the date of this announcement until May 8, 2026.
7. Other Matters to be Noted (If the subject of the event or resolution is a publicly issued company or above, and this major information conforms to the provisions of Article 7, Paragraph 9 of the Regulations Governing the Enforcement of the Securities Transaction Act, it has a significant impact on shareholder equity or stock prices):
None.
2. Company Name: Oriental Energy Technology Co., Ltd.
3. Relationship with the Company (Enter this Company or Subsidiary): This Company
4. Mutual Shareholding Ratio: Not applicable
5. Reason for Occurrence:
(1) In accordance with Article 35 of the Business Mergers and Acquisitions Act.
(2) The company's board of directors resolved on April 8, 2026, to spin off the relevant business (including assets, liabilities, and operations) of the "Oriental Advanced Division" to a newly established wholly-owned subsidiary "Oriental Advanced Co., Ltd." (provisional name). The spin-off effective date is tentatively set for July 1, 2026. The Chairman is authorized to make adjustments if necessary.
6. Countermeasures:
In accordanceance with regulations, any creditors of the company who have objections to this spin-off plan can submit them in writing to the company within the period from the date of this announcement until May 8, 2026.
7. Other Matters to be Noted (If the subject of the event or resolution is a publicly issued company or above, and this major information conforms to the provisions of Article 7, Paragraph 9 of the Regulations Governing the Enforcement of the Securities Transaction Act, it has a significant impact on shareholder equity or stock prices):
None.