Securities abbreviation: Shanghai Zhezhong Group Co.Ltd(002346) securities code: 002346 Announcement No.: 2022-08 Shanghai Zhezhong Group Co.Ltd(002346)
Announcement on the progress of the company’s share repurchase by means of centralized bidding
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.
Shanghai Zhezhong Group Co.Ltd(002346) (hereinafter referred to as “the company”) held the first extraordinary general meeting of shareholders in 2021 on August 27, 2021, deliberated and adopted the proposal on share repurchase of the company, which plans to use its own funds to repurchase A-Shares issued by the company in the form of centralized competitive trading, and the repurchased shares are intended to be used in the employee stock ownership plan or equity incentive plan. The amount of shares repurchased shall not be less than RMB 100 million and not more than RMB 150 million, and the repurchase price shall not exceed RMB 25 / share. The specific number of shares repurchased shall be subject to the actual number of shares repurchased at the expiration of the repurchase period, and the implementation period of shares repurchased shall be within 12 months from the date when the company’s general meeting approves the share repurchase plan. On September 16, 2021, the company implemented share repurchase for the first time in the form of centralized bidding transaction. For details, see the announcement on share repurchase scheme of the company (Announcement No.: 2021-50), repurchase report (Announcement No.: 2021-57) and Announcement on the first repurchase of shares of the company by means of centralized bidding transaction (Announcement No.: 2021-60). According to the detailed rules for the implementation of share repurchase by listed companies of Shenzhen Stock Exchange and other relevant provisions, the company shall disclose the progress of share repurchase as of the end of last month within the first three trading days of each month during the repurchase period. The progress of the company’s share repurchase is hereby announced as follows:
1、 Progress of share repurchase
As of January 31, 2022, the Company repurchased 2257800 shares of the company through centralized bidding trading through the special securities repurchase account, accounting for 0.51% of the total share capital of the company. The highest transaction price was 21.67 yuan / share, the lowest transaction price was 17.61 yuan / share, and the total transaction amount was 45995942 yuan (excluding transaction costs). The capital source of this share repurchase is the company’s own funds, and the repurchase price does not exceed the upper limit proposed in the repurchase plan. This share repurchase complies with the provisions of relevant laws and regulations and the company’s established share repurchase plan.
2、 Other instructions
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 the detailed rules for the implementation of share repurchases by listed companies of Shenzhen Stock Exchange.
1. The company has not repurchased its shares within the following periods:
(1) Ten trading days before the announcement of the company’s regular report, performance forecast or performance express;
Securities abbreviation: Shanghai Zhezhong Group Co.Ltd(002346) securities code: 002346 Announcement No.: 2022-08 (2) from the date 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 two trading days after disclosure according to law;
(3) Other circumstances prescribed by the CSRC.
2. The cumulative trading volume of the company’s shares in the five trading days before the date of the first share repurchase (i.e. September 16, 2021) is 60842000 shares, and the number of shares repurchased by the company every five trading days does not exceed 25% of the cumulative trading volume of the company’s shares in the five trading days before the date of the first share repurchase.
3. 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 and fall of stock prices.
4. The transaction price of the company’s repurchased shares does not belong to the price limited by the trading increase of the company’s shares on the same day. The implementation of the company’s share repurchase conforms to the established plan. In the future, the company will continue to implement the repurchase plan within the repurchase period according to the market conditions, and timely fulfill the obligation of information disclosure according to the provisions of relevant laws, regulations and normative documents. Please pay attention to the investment risks.
It is hereby announced.
Shanghai Zhezhong Group Co.Ltd(002346) board of directors February 7, 2002
