Securities code: 000035 securities abbreviation: China Tianying Inc(000035) Announcement No.: ty2022-06 China Tianying Inc(000035)
Announcement on the progress of share repurchase
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.
China Tianying Inc(000035) (hereinafter referred to as "the company") held the 12th meeting of the 8th board of directors on November 11, 2021, deliberated and adopted the proposal on share repurchase scheme of the company. The company plans to repurchase the company's shares with its own funds. The repurchase amount shall not be less than 800 million yuan (inclusive) and not more than 1.5 billion yuan (inclusive), the repurchase price shall not exceed 6.50 yuan / share (inclusive), and the repurchase period shall be within 12 months from the date when the board of directors deliberates and approves the share repurchase plan. On November 13, 2021, the company disclosed the report on repurchasing the company's shares and made the first repurchase on November 15, 2021. For details, see the relevant announcements disclosed by the company in China Securities Journal, securities times and cninfo. In accordance with the relevant provisions of the Listing Rules of Shenzhen Stock Exchange, the measures for the administration of repurchase of public shares by listed companies (for Trial Implementation) and the detailed rules for the implementation of repurchase of shares by listed companies of Shenzhen Stock Exchange, the company will disclose the repurchase progress as of the end of last month within the first three trading days of each month during the repurchase period. The relevant information is hereby announced as follows:
1、 Progress of share repurchase
As of January 31, 2022, the company has repurchased 112750413 shares of the company through centralized bidding transaction through the special securities repurchase account, accounting for about 4.47% of the company's current total share capital. The highest transaction price is 6.09 yuan / share, the lowest transaction price is 5.37 yuan / share, and the total transaction amount is 656203946.10 yuan (excluding transaction costs). This repurchase complies with the requirements of relevant laws and regulations and the company's established repurchase plan.
2、 Other instructions
The time, quantity and entrusted time period of centralized bidding transaction of the company's share repurchase shall strictly 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 details are as follows:
1. The company has not repurchased shares within the following periods:
(1) Ten trading days before the announcement of the 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 company's stock trading price 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 company has not entrusted to repurchase shares during the following trading periods:
(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 not the price limited by the trading increase of the company's shares on that day.
3. The cumulative trading volume of the company's shares in the five trading days before the date of the first share repurchase (November 15, 2021) is 97504205 shares, and the number of shares repurchased by the company every five trading days does not exceed 25% of the cumulative trading volume of the company's shares in the five trading days before the date of the first share repurchase (i.e. 24376051 shares).
The company will continue to implement the repurchase plan within the repurchase period according to the market conditions, and fulfill the obligation of information disclosure in time according to the provisions of relevant laws, regulations and normative documents. Please pay attention to investment risks. It is hereby announced.
China Tianying Inc(000035) board of directors February 9, 2022
