On February 7, Bank Of Chongqing Co.Ltd(601963) and China Zheshang Bank Co.Ltd(601916) respectively issued suggestive announcements on the starting conditions for triggering measures to stabilize stock prices.
According to the announcement of Bank Of Chongqing Co.Ltd(601963) , on March 31, 2021, the bank disclosed its 2020 annual report, and its latest audited net assets per share were 11.28 yuan. On July 9, 2021, the bank implemented the 2020 annual equity distribution, and the latest audited net assets per share were adjusted to RMB 10.91 after ex dividend. From January 4, 2022 to February 7, 2022, the closing price of A-Shares of the bank has been lower than the net assets per share for 20 consecutive trading days, reaching the starting conditions for triggering measures to stabilize the stock price.
Bank Of Chongqing Co.Ltd(601963) said that the board of directors of the company will formulate a specific plan to stabilize the stock price within 10 trading days (February 21, 2022) from the date when the company’s stock price triggers the conditions for initiating measures to stabilize the stock price, implement it after fulfilling the relevant internal decision-making procedures and external approval / filing procedures (if necessary), and announce it in accordance with the information disclosure requirements of listed companies.
According to the announcement of China Zheshang Bank Co.Ltd(601916) , on December 31, 2020, the audited net assets per share of the bank was 5.43 yuan. On July 30, 2021, after the implementation of the 2020 profit distribution plan, the latest audited net assets per share after ex dividend was 5.269 yuan. From January 4, 2022 to February 7, 2022, the closing price of A-Shares of the bank has been lower than RMB 5.269 for 20 consecutive trading days, meeting the conditions for triggering the measures to stabilize the stock price.
China Zheshang Bank Co.Ltd(601916) said that the company should formulate measures to stabilize the stock price within 10 trading days after the trigger date (February 7, 2022) and announced by the board of directors. The board of directors will be convened before February 21, 2022 to formulate and announce specific measures to stabilize the stock price.
