Securities code: 300114 securities abbreviation: Zhonghang Electronic Measuring Instruments Co.Ltd(300114) Announcement No.: 2022-003 Zhonghang Electronic Measuring Instruments Co.Ltd(300114)
Announcement on expiration and completion of share repurchase
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.
Zhonghang Electronic Measuring Instruments Co.Ltd(300114) (hereinafter referred to as "the company") held the 17th meeting of the sixth board of directors on February 8, 2021 and considered and adopted 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, with a total repurchase amount of no less than 60 million yuan and no more than 120 million yuan, The repurchase price shall not exceed RMB 14.04/share. The shares repurchased this time will be used for employee stock ownership plan or equity incentive. The implementation period of repurchased shares is within 12 months from the date when the company's board of directors deliberates and approves the share repurchase plan. On February 20, 2021, the company released the report on share repurchase (Announcement No.: 2021-007) on the gem information disclosure website designated by the CSRC
As of February 7, 2022, the term of the company's share repurchase has expired and the implementation of the repurchase plan has been completed. In accordance with the Listing Rules of Shenzhen Stock Exchange gem and the detailed rules for the implementation of share repurchase by listed companies of Shenzhen Stock Exchange, the specific situation is hereby announced as follows:
1、 Implementation of share repurchase of the company
On February 9, 2021 and February 20, 2021, the company disclosed the plan on repurchasing the company's shares (Announcement No.: 2021-005) and the report on repurchasing shares (Announcement No.: 2021-007). On March 18, 2021, the Company repurchased the company's shares through the special securities account for stock repurchase for the first time in the form of centralized bidding transaction, and on March 2, 2021, April 2, 2021 On May 7, 2021, June 2, 2021, July 2, 2021, August 2, 2021, September 2, 2021, October 11, 2021, November 2, 2021, December 2, 2021 and January 5, 2022, the progress announcement on repurchasing shares of the company was disclosed. For details, see the relevant announcement of the company on the gem information disclosure website designated by the CSRC.
As of February 7, 2022, the company has repurchased 4691000 shares of the company through centralized bidding trading through the special securities account for stock repurchase, accounting for about 0.79% of the current total share capital of the company. The maximum transaction price is 13.19 yuan / share, the minimum transaction price is 12.30 yuan / share, and the total transaction amount is 60813062.00 yuan (excluding transaction costs). 2、 Explanation that there is no difference between the implementation of this share repurchase and the repurchase plan
There is no difference between the total amount of funds, repurchase price, number of shares repurchased and the implementation period of share repurchases implemented by the company and the repurchase plan considered and approved by the board of directors of the company. The repurchase amount has reached the lower limit of the total repurchase funds in the repurchase plan and does not exceed the upper limit of the total repurchase funds. The implementation of this repurchase plan is completed. 3、 Impact of the implementation of repurchase plan on the company
This repurchase has not had a significant impact on the company's operation, profitability, finance, R & D, debt performance ability and future development, and will not lead to changes in the company's control, change the company's status as a listed company, or cause the company's equity distribution to fail to meet the listing conditions.
4、 Trading of shares of the company by relevant entities during the implementation of repurchase
On October 13, 2021, the company disclosed the announcement on pre disclosure of shareholders' reduction of shares of the company (Announcement No.: 2021-047). The shareholder of the company, China Aviation Industry Group Co., Ltd. (hereinafter referred to as "aviation industry") plans to reduce no more than 17.46 million shares of the company in legal ways such as centralized bidding trading, block trading and subscription of ETF shares, Not more than 2.96% of the total shares of the company, excluding 4691000 shares in the company's special repurchase account, not more than 2.98% of the total shares of the company. As of December 30, 2021, the aviation industry has reduced 17.46 million shares of the company, accounting for 2.96% of the total shares of the company. Excluding 4691000 shares in the company's special repurchase account, it accounts for 2.98% of the total shares of the company. The reduction plan has been implemented.
In addition to the above, the directors, supervisors, senior managers, controlling shareholders and actual controllers of the company did not buy or sell the company's shares from the date of the first disclosure of the repurchase to the date of this announcement.
5、 Compliance statement on the implementation of share repurchase
The time and quantity 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 detailed rules for the implementation of share repurchases by listed companies of Shenzhen Stock Exchange. The details are as follows:
1. The company has not repurchased its shares within the following periods:
(1) Within 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 two trading days after disclosure according to law;
(3) Other circumstances prescribed by the CSRC.
2. 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 repurchase of shares (i.e. 5378159).
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.
6、 Subsequent arrangements for repurchased shares
All the repurchased shares 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 relevant rights. The shares repurchased by the company will be used to implement the employee stock ownership plan or equity incentive. The company will make timely arrangements and fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.
It is hereby announced.
Zhonghang Electronic Measuring Instruments Co.Ltd(300114) board of directors
February 7, 2002
