Securities code: 603017 securities abbreviation: Arts Group Co.Ltd(603017) Announcement No.: 2022-011 Arts Group Co.Ltd(603017)
Announcement on the first repurchase of shares of the company by means of centralized bidding transaction
The board of directors and all directors 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.
Arts Group Co.Ltd(603017) (hereinafter referred to as “the company”), at the 19th meeting of the Fourth Board of directors held on January 24, 2022, deliberated and adopted the proposal on the plan of repurchasing the company’s shares by means of centralized bidding transaction, and agreed that the company would use its own funds to repurchase the company’s shares by means of centralized bidding transaction for equity incentive or employee stock ownership plan. The price of the shares to be repurchased this time shall not exceed 12.00 yuan / share, and the total amount of repurchased funds shall not be less than 20 million yuan and not more than 40 million yuan. The repurchase period shall be within 12 months from the date when the repurchase plan is considered and approved by the board of directors. For details of this share repurchase, please refer to the company’s website of Shanghai Securities News, China Securities News and Shanghai Stock Exchange (www.sse. Com. CN.) on January 29, 2022 The report on repurchase of shares through centralized bidding transaction (Announcement No.: 2022-009).
1、 Details of initial repurchase of shares of the company
On February 7, 2022, the company implemented the first share repurchase in the form of centralized bidding transaction. In accordance with the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange (hereinafter referred to as the “detailed rules for repurchase”) and other relevant provisions, the first share repurchase is hereby announced as follows:
The number of shares repurchased by the company for the first time through centralized bidding transaction is 118000, and the proportion of repurchased shares in the total share capital of the company is 0.04%. The maximum transaction price is 8.85 yuan / share, the minimum transaction price is 8.68 yuan / share, and the total transaction amount is 1038672.00 yuan (excluding transaction costs).
2、 Other instructions
The company will carry out share repurchase in strict accordance with the requirements of relevant provisions such as the repurchase rules, and fulfill the obligation of information disclosure in a timely manner. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Arts Group Co.Ltd(603017) board of directors February 8, 2022
