Based on the confidence in the future development prospects and recognition of the growth value, Bank Of Chongqing Co.Ltd(601963) February 14 launched the second A-share price stabilization measure, which is planned to be jointly increased by the largest shareholder Chongqing Yufu capital operation group Co., Ltd., the current paid non independent directors and senior managers, with a total increase of no less than 26.6224 million yuan, The way of increasing holdings is centralized bidding trading through the trading system of Shanghai Stock Exchange, and the price of increasing holdings is not higher than the bank’s latest audited net assets per share.
It is reported that from January 4 to February 7 this year, the closing price of Bank Of Chongqing Co.Ltd(601963) A shares has been lower than the bank’s latest audited net assets per share (adjusted to 10.91 yuan) for 20 consecutive trading days, triggering the bank’s measures to stabilize the stock price. This is the second time that the bank triggered measures to stabilize the stock price after the listing of a shares, which is basically consistent with the bank’s first measures to stabilize the stock price of A-Shares on August 5, 2021.
According to the plan, Chongqing Yufu, the largest shareholder (holding about 485 million shares, accounting for 13.97%), plans to increase its holdings with its own funds that do not exceed 15% of the cash dividends obtained in Bank Of Chongqing Co.Ltd(601963) in the previous year, with an increase amount of 25.859 million yuan. There are 12 individuals who need to perform the obligation of stabilizing the stock price, including 7 non independent directors: Chairman Lin Jun, non-executive director and vice chairman Huang Hanxing, executive director and President ran hailing, executive director and vice president Liu Jianhua, executive director, chief risk officer, chief anti money laundering officer and general counsel Huang Huasheng, Non executive director Yang Yusong (according to the relevant management requirements of state-owned shareholder units, Yang Yusong’s obligation to increase shareholding shall be performed by Chongqing Yufu, the shareholder unit stationed by him), non executive director Zhong Xian; There are five senior executives, including Vice Presidents Sui Jun, Yang Shiyin and Zhou Guohua, vice president and Secretary of the board of directors Peng Yanxi and vice president Huang Ning. The above-mentioned personnel intend to increase their holdings with their own funds that do not exceed 15% of the total after tax salary received from the bank in the previous year, and the total amount of increased holdings shall not be less than 763400 yuan.
Bank Of Chongqing Co.Ltd(601963) said that due to the particularity of commercial banks, the way of repurchasing shares, canceling and reducing registered capital is not feasible. Therefore, the board of directors of the bank agreed to implement it within 90 days from February 7 according to the implementation sequence of the above plan for stabilizing share price: Directors and senior executives will implement it within 90 days from February 7, and Chongqing Yufu will complete the increase of shares within 6 months from February 7.
Bank Of Chongqing Co.Ltd(601963) at the same time, it was also decided that Chongqing Yufu, the largest shareholder, planned to participate in the preferential placement of the bank’s public offering of A-share convertible bonds. According to the relevant provisions of the stock listing rules of Shanghai Stock Exchange, Chongqing Yufu’s subscription of the bank’s public offering of A-share convertible bonds in cash can be exempted from consideration and disclosure in the form of related party transactions.
