Securities code: 002419 securities abbreviation: Rainbow Digital Commercial Co.Ltd(002419) Announcement No.: 2022-008 Rainbow Digital Commercial Co.Ltd(002419)
Announcement on the result of share repurchase and share change of the company
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The 22nd Meeting of the 5th board of directors and the first extraordinary general meeting of the company in 2021 deliberated and approved the plan on repurchase of shares of the company. The company plans to use its own funds to repurchase shares of the company in the form of centralized bidding transaction, and the repurchase price shall not exceed RMB 9 / share (inclusive), The number of shares repurchased shall not exceed 36 million shares (inclusive), accounting for no more than 3% (inclusive) of the total share capital of the company, and the total amount of shares repurchased shall not be less than 200 million yuan (inclusive) and no more than 325 million yuan (inclusive). Since the annual equity distribution of the company in 2020 was completed on April 14, 2021, according to the repurchase report, the upper price limit of the repurchase shares was adjusted from no more than (including) 9 yuan / share to no more than (including) 8.79 yuan / share. The shares repurchased this time will be cancelled and the registered capital will be reduced according to law. The implementation period of share repurchase is 12 months from the date when the final share repurchase plan is considered and approved by the general meeting of shareholders.
For details, see the company’s securities times and cninfo.com on January 15, February 2 and April 8, 2021（ http://www.cn.info.com.cn. ）Relevant announcements published.
As of January 31, 2022, the term of the company’s share repurchase has expired and the repurchase plan has been implemented. In accordance with the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – share repurchase and other relevant provisions, the results of share repurchase of the company are hereby announced as follows:
1、 Implementation of share repurchase by the company
On February 5, 2021, the Company repurchased the company’s shares by means of centralized bidding through the special securities account for repurchase for the first time. As of January 31, 2022, the company has repurchased 31452250 shares of the company through centralized bidding through the special securities repurchase account, accounting for 2.6204% of the total share capital of the company; The highest transaction price of repurchased shares is 7.2 yuan / share, the lowest transaction price is 5.87 yuan / share, and the total amount of funds used is 201464852.43 yuan (excluding transaction costs).
2、 Description of no difference between the implementation of share repurchase and the share repurchase plan
The total amount of funds, repurchase price, number of shares repurchased and implementation period of share repurchases implemented by the company this time are not different from the share repurchases scheme deliberated and approved by the board of directors and the general meeting of shareholders of the company. The repurchase amount of the company has reached the lower limit of the total repurchase funds in the share repurchase plan and does not exceed the upper limit of the total repurchase funds. It has been implemented in accordance with the share repurchase plan.
3、 Impact of the implementation of share repurchase scheme on the company
This share repurchase has not had a significant impact on the company’s finance, operation and debt performance, which is conducive to protecting the interests of investors and enhancing investor confidence. After the implementation of this share repurchase, the company’s control will not change, and the company’s status as a listed company will not be changed. The company’s equity distribution still meets the listing conditions.
4、 Shares bought and sold by relevant entities during share repurchase
After verification, from the date when the company first disclosed the share repurchase plan to the date of this announcement, AVIC Xinjiang International Industry Co.Ltd(000159) Holding Co., Ltd. transferred 520885500 shares of the company held by the controlling shareholder China Aviation Technology Shenzhen Co., Ltd. through agreement transfer; Gao Shulin, chairman of the company, indirectly reduced 448673 shares of the company through Gongqingcheng Aoxuan investment partnership (limited partnership) due to his own capital needs. The directors, supervisors, senior managers, actual controllers and persons acting in concert of other companies do not buy or sell the company’s shares. 5、 Compliance statement on the implementation of share repurchase
The time, number and price of shares repurchased by the company and the entrusted period of centralized bidding transaction comply with the relevant provisions of Articles 17, 18 and 19 of the guidelines for self discipline supervision of listed companies on Shenzhen Stock Exchange No. 9 – share repurchases.
1. The company did not repurchase shares during the following periods:
(1) Ten trading days before the announcement of the company’s regular report, performance forecast or performance express;
(2) From the date of occurrence of major events that may have a significant impact on the trading price of the company’s shares or in the process of decision-making to the date of disclosure according to law;
(3) Other circumstances prescribed by the CSRC.
2. The company has not entrusted to buy back shares at the following trading hours:
(1) Opening call auction;
(2) Within half an hour before the closing;
(3) There is no limit on the rise or fall of stock prices.
The price of the company’s shares repurchased this time is lower than the price limited by the trading increase of the company’s shares on the same day.
3. The number of shares repurchased by the company every five trading days does not exceed 25% (i.e. 9015649 shares) of the company’s cumulative trading volume of 36062597 shares in the five trading days before the date of the first repurchase of shares (February 5, 2021).
6、 Subsequent arrangements for repurchased shares
All the shares repurchased this time are deposited in the company’s special securities account for repurchasing. During the deposit period, they do not enjoy the voting rights of the general meeting of shareholders, profit distribution, conversion of provident fund into share capital, allotment of shares, pledge and other rights.
All the shares repurchased this time will be cancelled according to law and the registered capital will be reduced. The company will timely fulfill the obligation of information disclosure according to the follow-up progress. Please pay attention to the investment risk.
It is hereby announced.
Board of directors February 6, 2002
