Securities code: 601686 securities abbreviation: Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) Announcement No.: 2022-014 Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686)
Announcement on the progress of share repurchase
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.
The company held the 19th meeting of the 4th board of directors on January 7, 2022, deliberated and approved the proposal on repurchase of shares of the company through centralized bidding transaction, and agreed to repurchase shares through centralized bidding transaction with its own funds. The number of shares repurchased shall not be less than 7.1948 million and not more than 14.3896 million, the repurchase price shall not exceed 14.72 yuan / share, and the repurchase period shall not exceed 12 months from the date when the board of directors deliberates and approves the share repurchase plan. For details of the share repurchase, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 8, 2022 Announcement on the plan of repurchasing shares of the company by means of centralized bidding transaction (Announcement No.: 2022-007).
According to the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange and other relevant provisions, the company shall announce the progress of share repurchase as of the end of each month at the beginning of each month.
As of February 10, 2022, the company has not implemented repurchase. The company will implement the repurchase plan within the repurchase period according to the requirements of relevant normative documents and market conditions, and timely perform the obligation of information disclosure according to the requirements. Please pay attention to the investment risks.
It is hereby announced.
Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) board of directors February 10, 2022
