Securities code: 000998 securities abbreviation: Yuan Longping High-Tech Agriculture Co.Ltd(000998) Announcement No.: 2022-08 Yuan Longping High-Tech Agriculture Co.Ltd(000998)
Announcement on changing the purpose 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.
Yuan Longping High-Tech Agriculture Co.Ltd(000998) (hereinafter referred to as "the company") held the 14th (Interim) meeting of the 8th board of directors on February 14, 2022, deliberated and adopted the proposal on changing the purpose of share repurchase, and decided to change the purpose of the shares repurchased in the early stage of the company from "to be used for the implementation of equity incentive plan" to "to be used for the implementation of Employee Stock Ownership Plan". The relevant matters are hereby announced as follows:
1、 Overview of repurchase scheme
(I) the company held the 19th (Interim) meeting of the seventh board of directors, the 10th (Interim) meeting of the seventh board of supervisors and the third (Interim) general meeting of shareholders in 2018 on October 12, 2018 and October 30, 2018 respectively, and deliberated and adopted the proposal on >, On November 8, 2018, the company disclosed the report on repurchase of shares of the company through centralized bidding transaction (Announcement No.: 2018-133). This repurchase plan intends to use its own funds to repurchase RMB common shares (A shares) issued by the company in the form of centralized bidding transaction for the implementation of equity incentive plan; The total amount of funds to be used for repurchase is no less than 300 million yuan and no more than 500 million yuan; The price of the repurchased shares shall not exceed RMB 18.00/share; The term of this share repurchase shall not exceed six months from the date when the repurchase plan is deliberated and approved by the general meeting of shareholders of the company. For details, please refer to China Securities News, Shanghai Securities News, securities times and cninfo.com on October 13, 2018, October 31, 2018 and November 8, 2018 respectively（ http://www.cn.info.com.cn. ）Relevant announcements disclosed on.
(II) the company held the 27th (Interim) meeting of the seventh board of directors on April 24, 2019, deliberated and approved the proposal on adjusting the plan for repurchase of shares by centralized bidding transaction, and disclosed the repurchase report on repurchase of company shares by centralized bidding transaction (Revised) (Announcement No.: 2019-036) on April 25, 2019, The validity period of this repurchase plan is changed from "no more than six months from the date when the repurchase plan is deliberated and approved by the general meeting of shareholders of the company" to "no more than twelve months from the date when the repurchase plan is deliberated and approved by the general meeting of shareholders of the company". In addition, other contents of this repurchase plan remain unchanged. See China Securities News, Shanghai Securities News, securities times and cninfo.com on April 25, 2019 for details（ http://www.cn.info.com.cn. ）Relevant announcements disclosed on.
2、 Implementation progress of repurchase scheme
(I) on November 9, 2018, the company disclosed the announcement on the first repurchase of shares of the company (Announcement No.: 2018-134). On November 8, 2018, the company has repurchased shares for the first time in the form of centralized bidding transaction. The number of shares repurchased is 460400, accounting for 0.0367% of the total share capital of the company. The highest transaction price is 13.32 yuan / share and the lowest transaction price is 13.27 yuan / share, The total transaction amount is 6120426 yuan (excluding transaction costs).
(II) on December 4, 2018, January 4, 2019, January 31, 2019, February 12, 2019, March 2, 2019, April 2, 2019, May 8, 2019, June 4, 2019, July 2, 2019, August 2, 2019, September 4, 2019 On October 9, 2019, the progress announcement on repurchasing shares of the company was disclosed (announcement numbers: 2018-144, 2019-002, 2019-015, 2019-016, 2019-023, 2019-024, 2019-045, 2019-047, 2019-055, 2019-065, 2019-073 and 2019-084).
(III) on November 1, 2019, the company disclosed the announcement on the completion of repurchase (Announcement No.: 2019-091). As of October 29, 2019, the company has accumulatively repurchased 2300458 shares through centralized bidding trading through the special securities account for repurchase, accounting for 1.7465% of the total share capital of the company. The maximum transaction price is 15.08 yuan / share and the minimum transaction price is 12.18 yuan / share, The total amount paid is 300021834.86 yuan (excluding transaction costs), and the repurchase plan has been implemented.
3、 Reasons and main contents of this change
The draft of the company's share repurchase plan and the actual use of the company's long-term share repurchase plan in the first period of February 2025 will be used for the first period of the company's financial development plan, From "to be used for the implementation of equity incentive plan" to "to be used for the implementation of Employee Stock Ownership Plan". 4、 Review procedures for the implementation of this change
(I) on February 14, 2022, the company held the 14th (Interim) meeting of the 8th board of directors, deliberated and approved the proposal on changing the purpose of share repurchase, and agreed to this change.
(II) this change is within the scope of the authorization of the third (extraordinary) general meeting of shareholders in 2018 to the board of directors, and does not need to be submitted to the general meeting of shareholders for deliberation.
5、 Impact of this change on the company
This change will not have a significant impact on the company's debt performance ability, sustainable operation ability and shareholders' equity, and will not lead to the company's equity distribution not meeting the listing conditions, nor will it damage the interests of the company and all shareholders.
6、 Opinions of independent directors
All independent directors agreed that the change of the purpose of the shares repurchased in the early stage by the company complies with the relevant provisions of the company law and the securities law, conforms to the actual situation of the company, will not have a significant impact on the company's operation, finance and shareholders' equity, and will not affect the company's listing status. The deliberation and decision-making procedures of this change are legal and compliant, There is no situation that damages the interests of the company and all shareholders. Therefore, the company agrees to change the purpose of the shares repurchased in the early stage.
7、 Documents for future reference
(I) resolution of the 14th (Interim) meeting of the 8th board of directors;
(II) independent opinions of independent directors on matters related to the 14th (Interim) meeting of the eighth board of directors.
It is hereby announced
Yuan Longping High-Tech Agriculture Co.Ltd(000998) board of directors February 15, 2002
