Securities code: 600050 securities abbreviation: China United Network Communications Limited(600050) Announcement No.: 2022-005 China United Network Communications Limited(600050)
With regard to the announcement on the progress of share repurchase through 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 responsibilities for the authenticity, accuracy and completeness of its contents.
China United Network Communications Limited(600050) (hereinafter referred to as “the company”) held the 24th Meeting of the 6th board of directors and the 17th meeting of the 6th board of supervisors on March 11, 2021, deliberated and adopted the proposal on repurchase of shares of the company by means of centralized bidding transaction, and agreed that the company would use its own funds of no less than RMB 1.25 billion and no more than RMB 2.5 billion by means of centralized bidding transaction, Buy back the company’s A-Shares at a price not exceeding RMB 6.5/share, which will be used to implement the equity incentive plan later. The specific number and amount of shares to be repurchased shall be subject to the actual number and amount of shares to be repurchased at the expiration of the repurchase period, The implementation period of this repurchase is no more than 12 months (from March 11, 2021 to March 10, 2022) from the date when the repurchase plan is considered and approved by the board of directors of the company. For details, please refer to the report on repurchase of shares of the company through centralized bidding transaction disclosed by the company on March 12, 2021 (Announcement No.: 2021-033).
According to the relevant provisions of the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange, the progress of share repurchase by the company as of the end of last month is hereby announced as follows:
In January 2022, the company did not repurchase shares by means of centralized bidding transaction.
As of January 31, 2022, the company has repurchased 513314385 shares in total through centralized bidding transaction, and the proportion of repurchased shares in the total share capital of the company is about 1.66%. The highest purchase price is RMB 4.57/share and the lowest price is RMB 4.17/share, The total amount paid is RMB 2204755280.50 (excluding stamp duty, transaction commission and other transaction expenses).
The above repurchase progress complies with the provisions of laws and regulations and the company’s established share repurchase plan. The company will perform the obligation of information disclosure in a timely manner according to the progress of share repurchase in strict accordance with the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange and other relevant provisions and the company’s share repurchase plan. Please pay attention to investment risks.
It is hereby announced.
February 8, 2002
