Securities code: 000521, 200521 securities abbreviation: Changhong Meiling Co.Ltd(000521) , hongmeiling B Announcement No.: 2022-007 Changhong Meiling Co.Ltd(000521)
Announcement on the progress of repurchasing some domestic listed foreign shares (B shares)
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.
Changhong Meiling Co.Ltd(000521) (hereinafter referred to as “the company” or “the company”) deliberated and adopted the proposal on repurchase of some domestic listed foreign shares (B shares) of the company at the 40th meeting of the ninth board of directors, the 21st Meeting of the ninth board of supervisors and the third extraordinary general meeting of shareholders in 2020 held on July 27 and August 18, 2020. In order to continue the implementation of B-share repurchase, the company held the 11th meeting of the 10th board of directors, the 9th meeting of the 10th board of supervisors and the third extraordinary general meeting of shareholders in 2021 on August 24, 2021 and September 10, 2021, and deliberated and adopted the proposal on continuing to implement and partially adjusting the repurchase scheme of some domestic listed foreign shares (B-shares) of the company.
Details of the company have been published in the designated information disclosure media: securities times, China Securities Journal, Hong Kong business daily and cninfo (www.cn. Info. Com. CN) It was disclosed in the form of announcement (Announcement No. 2020-047, 2020-048, 2020-049, 2020-063, 2021-066, 2021-067, 2021-068, 2021-069 and 2021-075).
1、 Progress of share repurchase
According to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – share repurchase 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. Now the progress of share repurchase of the company is announced as follows:
The Company repurchased its shares for the first time on November 4, 2020. By January 31, 2022, through the special securities account for repurchase, the company had repurchased 14332946 shares through centralized bidding, accounting for 1.3721% of the total share capital of the company. The highest transaction price was HK $2.36/share and the lowest transaction price was HK $1.87/share, The total amount of self owned funds paid is HK $31753183.08 (excluding stamp duty, commission and other transaction expenses). This repurchase complies with the requirements of relevant laws and regulations and the established repurchase plan.
2、 Other instructions
The implementation process of the company’s share repurchase strictly complies with the relevant provisions of Articles 17 and 19 of the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 9 – share repurchase. The time of the company’s share repurchase and the entrusted period of centralized bidding transaction comply with the relevant provisions.
(I) the company has not repurchased its shares within the following periods:
1. If the announcement date is delayed due to special reasons within 10 trading days before the announcement of the company’s annual report and semi annual report, it shall be calculated from 10 trading days before the original scheduled announcement date;
2. Within ten trading days before the announcement of the company’s quarterly report, performance forecast and performance express;
3. From the date of occurrence of major events that may have a significant impact on the stock trading price of the company or in the process of decision-making to the date of disclosure according to law;
4. Other circumstances prescribed by the CSRC.
(II) the company repurchases shares by means of centralized bidding transaction, which meets the following requirements:
1. The entrustment price shall not be the price limited by the trading increase of the company’s shares on the same day;
2. The entrustment of share repurchase shall not be carried out in the opening call auction of Shenzhen Stock Exchange, within half an hour before the closing and within the trading day when the stock price has no limit on rise or fall;
3. Other requirements stipulated by the CSRC and Shenzhen Stock Exchange.
The price of the company’s shares repurchased this time is lower than the price limited by the trading increase of the company’s shares on the same day.
(III) during the period from November 4, 2020 to January 31, 2022, the number of shares repurchased by the company in five consecutive trading days exceeds 25% of the cumulative trading volume of 416735 shares in the five trading days before the date of the company’s first share repurchase. The specific reasons are as follows:
In recent years, the share price of the company’s domestic listed foreign stock “hongmeiling B” continues to be lower than the company’s net assets per share. The share price of B shares deviates seriously from the actual value of the company, and the investment value of the company is underestimated. During the above repurchase period, the number of shares repurchased by the company exceeded 25% of the cumulative trading volume of 416735 shares in the five trading days before the date of the first repurchase, which is based on the confidence in the future development prospect of the company and the recognition of the internal investment value, in order to maintain the image of the company in the capital market and effectively protect the rights and interests of all shareholders, Enhance public investors’ investment confidence in the company and promote the matching of the company’s share price with its internal value.
(IV) the company will implement the repurchase plan in due time within the repurchase period according to the market conditions, and fulfill the obligation of information disclosure in time in accordance with the provisions of relevant laws and regulations.
It is hereby announced
Changhong Meiling Co.Ltd(000521) board of directors February 9, 2002
