Securities code: 000703 securities abbreviation: Hengyi Petrochemical Co.Ltd(000703) Announcement No.: 2022-020 Hengyi Petrochemical Co.Ltd(000703)
Announcement on the progress of repurchase of shares of the company (phase II)
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.
1、 Basic information of repurchased shares
Hengyi Petrochemical Co.Ltd(000703) (hereinafter referred to as “the company” or ” Hengyi Petrochemical Co.Ltd(000703) “) deliberated and adopted the proposal on repurchase of the company’s shares by means of centralized bidding transaction (phase II) at the 13th meeting of the 11th board of directors held on October 27, 2021. Agree that the company shall use its own funds to repurchase the company’s shares in the form of centralized bidding transaction, and the total amount of repurchase funds shall not be less than RMB 500 million and not more than RMB 1 million; The repurchase price shall not exceed RMB 15.00/share; The repurchase period is within 12 months from the date when the board of directors of the company deliberates and approves the repurchase plan. For details, please refer to the announcement on share repurchase scheme by centralized bidding transaction (phase II) (Announcement No.: 2021-108), the repurchase report on share repurchase by centralized bidding transaction (phase II) (Announcement No.: 2021-110) disclosed by the company on cninfo.com Announcement on initial repurchase of company shares (phase II) (Announcement No.: 2021-112), announcement on progress of repurchase of company shares (phase II) (Announcement No.: 2021-117), announcement on progress of repurchase of company shares (phase II) (Announcement No.: 2022-001).
2、 Progress of share repurchase
In accordance with the measures for the administration of repurchase of public shares by listed companies (for Trial Implementation), the supplementary provisions on repurchase of shares by listed companies through centralized bidding transaction, the stock listing rules of Shenzhen Stock Exchange, the detailed rules for the implementation of repurchase of shares by listed companies of Shenzhen Stock Exchange and other relevant laws and regulations, During the repurchase period, the company shall announce the repurchase progress as of the end of last month within the first three trading days of each month. The progress of the company’s repurchase is now announced as follows:
As of January 31, 2022, the company has repurchased 23839372 shares through centralized bidding trading through the special securities repurchase account, accounting for 0.65% of the total share capital of the company. The maximum transaction price of purchased shares is 10.69 yuan / share, the minimum transaction price is 10.13 yuan / share, and the total repurchase amount paid is 249934085.06 yuan (excluding Commission, transfer fee and other transaction expenses). This share repurchase complies with the requirements of relevant laws and regulations and the established repurchase plan of the company.
3、 Other matters
1. The time of the company’s first share repurchase, the number of shares repurchased, the price of shares repurchased 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 repurchase by listed companies of Shenzhen Stock Exchange.
The company has not repurchased shares within the following periods:
(1) Within ten trading days before the announcement of the listed 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 cumulative trading volume of the company’s shares in the five trading days before the date of the first share repurchase (November 4, 2021) (October 28, 2021 to November 3, 2021) was 125097287 shares. The number of shares repurchased by the company every five trading days does not exceed 25% (i.e. 31274321 shares) of the cumulative trading volume of the company’s shares in the five trading days before the date of the first repurchase of shares.
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.
The price of shares repurchased by the company is lower than the price limited by the trading increase of the company’s shares on the same day.
4. The company will continue to implement the repurchase plan during the repurchase period according to the market conditions, and timely perform the obligation of information disclosure according to the provisions of relevant laws, regulations and normative documents during the repurchase period. Please pay attention to the investment risks.
It is hereby announced.
Hengyi Petrochemical Co.Ltd(000703) board of directors February 7, 2002
