Stock Code: 601360 stock abbreviation: 360 Security Technology Inc(601360) No.: 2022-011 360 Security Technology Inc(601360)
Announcement on the progress of share repurchase by centralized bidding
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. Important content tips:
As of January 31, 2022, the company has repurchased 43068142 shares through the trading system of Shanghai stock exchange through centralized bidding, accounting for 0.60% of the company’s total share capital of 7145363197 shares. The highest price of repurchase transaction is 12.93 yuan / share and the lowest price is 11.97 yuan / share, The total amount of funds paid is 536852301.04 yuan (excluding stamp duty, transaction commission and other transaction expenses).
1、 Basic information of share repurchases
360 Security Technology Inc(601360) (hereinafter referred to as “the company”) held the fourth meeting of the sixth board of directors on September 9, 2021, deliberated and adopted the proposal on repurchase of shares of the company by centralized bidding, and agreed that the company should use its own funds of no less than RMB 1 million and no more than RMB 150 million, Repurchase the company’s shares at a repurchase price not exceeding RMB 18.21 per share (hereinafter referred to as “this repurchase”). This repurchase will be fully used for the company’s employee stock ownership plan. The term of this repurchase shall not exceed 12 months from the date when the repurchase plan is reviewed and approved by the board of directors of the company. According to Articles 24 and 26 of the articles of association, the share repurchase plan does not need to be submitted to the general meeting of shareholders for deliberation. The specific contents of this share repurchase are detailed in the announcement on share repurchase scheme by centralized bidding (Announcement No.: 2021-053) and the report on share repurchase by centralized bidding (Announcement No.: 2021-065) disclosed by the company on the website of Shanghai Stock Exchange on September 11, 2021 and October 23, 2021 respectively.
2、 Progress of share repurchase
According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange and the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchase, 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 share repurchase is disclosed as follows:
As of January 31, 2022, the company has repurchased 43068142 shares through centralized bidding through the trading system of Shanghai Stock Exchange, accounting for 0.60% of the company’s total share capital of 7145363197 shares. The highest price of repurchase transaction is 12.93 yuan / share and the lowest price is 11.97 yuan / share, The total amount of funds paid is 536852301.04 yuan (excluding stamp duty, transaction commission and other transaction expenses).
3、 Other instructions
The above repurchase progress complies with the provisions of laws and regulations and the company’s established share repurchase plan. The company will continue to implement the repurchase plan during the repurchase period according to the market conditions, and will 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.
360 Security Technology Inc(601360) board of directors February 9, 2022
