Securities code: 601388 securities abbreviation: Ye Chiu Metal Recycling (China) Ltd(601388) Announcement No.: 2022-002 announcement on the progress of reducing shares through centralized bidding of shareholders and directors, supervisors and senior management of Yiqiu metal resources regeneration (China) Co., Ltd
The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Basic information of shareholding of major shareholders and directors, supervisors and senior executives
Before the implementation of the reduction plan, Mr. Lew KAE Ming, the general manager of the company, held 297900.00 shares of the company, accounting for 0.014% of the total share capital of the company; Mr. Lee Yee Hui, the director of the company, holds 273300.00 shares of the company, accounting for 0.012% of the total share capital of the company; Mr. Wong Keng Lee (Chinese Translation: Huang Qinli), chief financial officer of the company, holds 273300.00 shares of the company, accounting for 0.012% of the total share capital of the company; Ms. Gao Yulan, Secretary of the board of directors of the company, holds 149000.00 shares of the company, accounting for 0.007% of the total share capital of the company.
The above shares come from the equity incentive shares of the company, and 40% of the total number of shares held has been lifted on September 22, 2021.
Progress of centralized bidding reduction plan
On September 29, 2021, the company disclosed on the website of Shanghai stock exchange the announcement of the board of directors, supervisors and senior management of Yiqiu metal resources regeneration (China) Co., Ltd. on the plan of share reduction through centralized bidding (Announcement No.: 2021-033), Mr. Lew KAE Ming, the general manager of the company, Mr. Lee Yee Hui, the director Mr. Wong Keng Lee (Chinese Translation: Huang Qinli), chief financial officer of the company, and Ms. Gao Yulan, Secretary of the board of directors of the company, plan to reduce the total shares of the company by centralized bidding transaction due to personal capital needs, which is not more than 248375.00 shares, that is, not more than 25% of the total shares held by individuals, Within 6 months after 15 trading days from the date of announcement of the reduction plan (November 1, 2021 to April 30, 2022).
As of the disclosure date of this announcement, Lew KAE Ming, general manager of the company (Chinese Translation: Liu Kaimin)
Mr. has reduced 3000 shares of the company through centralized bidding, accounting for% of the total share capital of the company
0.0001%, accounting for 1.01% of the company's shares; Director Lee Yee Hui (Chinese Translation:
Mr. Li Yihui, Mr. Wang Keng Lee, chief financial officer of the company
Ms. Gao Yulan, Secretary of the board of directors of the company, has not reduced her shareholding in the company. The planned time of this reduction is more than half,
The reduction plan has not been implemented yet.
1、 Basic information of the subject of centralized bidding reduction before reduction
Number of shares held
Shareholder name shareholder identity shareholding proportion current shareholding source
(shares)
Lew KAE Ming directors, supervisors and senior managers 297900 0.0135% obtained in other ways: 297900 shares
Lee Yee Hui directors, supervisors and senior managers 273300.0124% obtained by other means: 273300 shares
Wang Keng Lee directors, supervisors and senior managers 273300 0.0124% obtained by other means: 273300 shares
Gao Yulan's directors, supervisors and senior managers obtained 149000 shares by 0.0068% other means: 149000 shares
The above reduction subjects have no concerted action.
2、 Implementation progress of centralized bidding reduction plan
(I) major shareholders and directors, supervisors and senior executives disclose the implementation progress of the centralized bidding reduction plan for the following reasons:
The reduction time is more than half
Reduction price reduction total current holdings
Name and number of current shareholders of the reducing party proportion of reduction period of reduction (yuan / number of shares)
Proportion of style shares (shares) (yuan) (shares)
2021 / 11 / 1 centralized competition
Lew KAE Ming 3000 0.0001% ~ 2022 / 1 / 31 transaction price 4.5 - 4.8 14400 294900.0134%
2021 / 11 / 1 centralized competition
Lee Yee Hui 0 0% ～ 2022 / 1 / 31 transaction price 0-0 273300 0.0124%
2021 / 11 / 1 centralized competition
Wong Keng Lee 0 0% ～ 2022 / 1 / 31 transaction price 0-0 273300 0.0124%
2021 / 11 / 1 centralized competition
High Magnolia 0 0% ~ 2022 / 1 / 31 price transaction 0-0 0 0 149000 0.0068%
(II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders or directors, supervisors and senior executives
√ yes □ no
(III) whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization within the reduction time period
□ yes √ no
(IV) impact of this reduction on the company
The implementation of this share reduction plan will not lead to changes in the company's control and governance structure, nor will it affect the company's governance
Management structure and sustainable operation.
(V) other matters required by the exchange
The company will continue to pay attention to Mr. Lew KAE Ming and Mr. Lee Yee Hui
Translated names: Mr. Li Yihui, Mr. Wang Keng Lee and Ms. Gao Yulan
Follow up the implementation of the shareholding reduction plan, urge them to strictly comply with relevant laws, regulations and regulatory requirements, and timely
Fulfill the obligation of information disclosure.
3、 Risk tips related to centralized bidding reduction plan
(I) uncertainty risk of the implementation of the reduction plan
The share reduction plan has not been implemented yet, and the above shareholders will be determined according to their own capital needs, market conditions and public interest
The company's share price and other factors determine whether to continue to implement the reduction plan. There is some uncertainty. Please invest
Investors should pay attention to investment risks.
(II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no
(III) other risks
As of the disclosure date of this announcement, the implementation of this reduction plan has not been completed. The company will continue to pay attention to the follow-up progress of relevant matters and urge shareholders to perform their information disclosure obligations in a timely and legal manner.
It is hereby announced.
Board of directors of Yiqiu metal resources regeneration (China) Co., Ltd. February 7, 2022
