Securities code: 600389 securities abbreviation: Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) Announcement No.: pro 2022-006 Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389)
Announcement on the progress of shareholders’ share reduction
The board of directors, all directors and relevant shareholders 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:
Basic information of shareholding of major shareholders
As of the disclosure date of this announcement, Sichuan Leshan Fuhua Crop Protection Technology Investment Co., Ltd. (hereinafter referred to as “Fuhua technology”) holds 77774127 shares of Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) (hereinafter referred to as “the company”), accounting for 26.19% of the total share capital of the company.
Progress of share reduction plan
On December 31, 2021, the company disclosed the announcement on the share reduction plan of Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) shareholders (Announcement No.: pro 2021-078). Fuhua technology plans to reduce its total shares of the company by means of centralized bidding and block trading, which is no more than 17820000 shares, that is, no more than 6% of the total share capital of the company, Among them, it is proposed to reduce the company’s shares by centralized bidding within 6 months after the disclosure of the announcement of the reduction plan, which shall not exceed 5940000 shares, that is, not more than 2% of the company’s total share capital; It is proposed to reduce the company’s shares by block trading within 6 months after the announcement of the reduction plan, which shall not exceed 11880000 shares, that is, not more than 4% of the company’s total share capital.
As of the disclosure date of this announcement, Fuhua technology has reduced 2970000 shares of the company through centralized bidding in this reduction plan, accounting for 1% of the total share capital of the company. The reduction plan has not been implemented yet. 1、 Basic information of the reducing entity before the reduction
Number of shares held
Shareholder name shareholder identity shareholding proportion current shareholding source (share)
More than 5% of Fuhua technology is not obtained through the first 80744127 27.19% agreement transfer:
Major shareholder 80744127 shares
The above reduction subjects have no concerted action.
2、 Implementation progress of share reduction plan
(I) major shareholders and directors, supervisors and senior executives disclose the implementation progress of the reduction plan for the following reasons:
More than half of the reduction in centralized bidding transactions
Current reduction price
Total holdings reduction current holdings reduction interval Holdings
Name and quantity of shareholders amount of reduction during reduction proportion of shareholding (yuan / quantity)
(share) (yuan) proportional share (share)
Fuhua technology 2970 1% 2022 / 1 / 2 centralized bidding 36.60 113,75 77,77 26.1, 000 5 ~ transaction -40.42 7873 4127 9% 2022 / 2 / 8
(II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders
√ yes □ no
(III) whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization within the reduction time period
□ yes √ no
(IV) impact of this reduction on the company
Fuhua technology is the non largest shareholder holding more than 5% of the company’s shares, and this reduction will not lead to the actual control of the company
The controlling person and controlling shareholder have changed, and the company has no actual controller, controlling shareholder or shareholder before and after the reduction
It will have an impact on the continuous operation of the company.
(V) other matters required by Shanghai Stock Exchange
None.
3、 Relevant risk tips (I) uncertainty risk of the implementation of the reduction plan: Fuhua technology will choose whether to continue to implement and how to implement the reduction according to market conditions, the company’s share price and other factors. There is uncertainty in the actual reduction quantity and reduction price. (II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no (III) other risks
None.
It is hereby announced.
Nantong Jiangshan Agrochemical & Chemicals Co.Ltd(600389) board of directors February 9, 2022
