Securities code: 000671 securities abbreviation: Yango Group Co.Ltd(000671) Announcement No.: 2022-018
The pre disclosure announcement on the reduction of shares held by Taikang Life Insurance Co., Ltd. the shareholder of Taikang Life insurance guarantees that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor. Special tips:
Taikang Life Insurance Co., Ltd. (hereinafter referred to as “Taikang Life”) holds 165201279 shares of the company (accounting for 3.99% of the total share capital of the company), and plans to conduct centralized bidding transactions within 6 months after 15 trading days from the date of disclosure of this announcement Within 6 months after 3 trading days from the date of disclosure of this announcement, the number and proportion of holdings reduced by means of block trading and other laws and regulations shall not exceed 165174779 shares (accounting for 3.99% of the total share capital of the company).
Yango Group Co.Ltd(000671) (hereinafter referred to as ” Yango Group Co.Ltd(000671) ” or “the company”) has recently received the plan of Taikang Life Insurance Co., Ltd. on reducing Yango Group Co.Ltd(000671) shares in the next six months issued by the shareholder Taikang Life Insurance. The relevant information is hereby announced as follows:
1、 Basic information of shareholders
Name of shareholder number of shares (shares) in the total share capital of the company (%)
Taikang Life 165201279 3.99%
2、 Main contents of share reduction plan
1. Reasons for reduction: according to the company’s asset allocation needs and relevant investment decisions, Taikang Life Insurance plans to reduce its shares in the company through centralized bidding trading and block trading.
2. Source of share reduction: 165174779 shares were transferred by Taikang Life Insurance through agreement transfer, and 26500 shares were obtained by Taikang Life Insurance through centralized bidding in the secondary market.
3. Reduction methods: centralized bidding trading, block trading and other methods allowed by laws and regulations.
4. Reduction period: if the shares are reduced through centralized bidding, the reduction period shall be within 6 months after 15 trading days from the date of disclosure of this announcement; If the holdings are reduced through block trading and other methods permitted by laws and regulations, the reduction period shall be within 6 months after 3 trading days from the date of disclosure of this announcement.
5. Quantity and proportion of reduction: no more than 165174779 shares (accounting for 3.99% of the total share capital of the company).
6. Reduction price: confirmed according to the secondary market price and trading method at the time of reduction.
7. Fulfillment of relevant commitments: Taikang Life has no commitments related to the company or share locking commitments.
3、 Relevant risk tips
1. The uncertainty risk of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan and the specific circumstances in which the relevant conditions are achieved or eliminated. The company will timely disclose the implementation progress of this reduction plan in accordance with relevant regulations. Please pay attention to the investment risks.
2. The shareholders who intend to reduce their shares this time are not the controlling shareholders or actual controllers of the company. The implementation of this reduction plan does not have the risk of changing the company’s control, and will not have an impact on the company’s governance structure and sustainable operation.
3. The reduction plan complies with the provisions of the securities law, the Listing Rules of Shenzhen Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the implementation rules for the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange and other relevant laws, regulations and normative documents. During the period of reducing the company’s shares according to the above plan, the company’s shareholder Taikang Life will strictly abide by the provisions and requirements of the above relevant laws and regulations.
4、 Documents for future reference
The plan of Taikang Life Insurance Co., Ltd. on reducing Yango Group Co.Ltd(000671) shares in the next six months issued by Taikang Life Insurance.
It is hereby announced.
Yango Group Co.Ltd(000671) board of directors
February 10, 2002
