Hengli Petrochemical Co.Ltd(600346)
Securities code: 600346 securities abbreviation: Hengli Petrochemical Co.Ltd(600346) Announcement No.: 2022-017 Hengli Petrochemical Co.Ltd(600346)
Announcement on the implementation results 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.
1、 Review and approval of repurchase and contents of repurchase plan
(I) repurchase approval
Hengli Petrochemical Co.Ltd(600346) (hereinafter referred to as “the company”) held the 22nd Meeting of the 8th board of directors on November 5, 2021, deliberated and adopted the proposal on share repurchase scheme by centralized bidding transaction. On November 12, 2021, the company disclosed the repurchase report. For details, see the company’s website at Shanghai Stock Exchange (www.sse. Com. CN.) The report on repurchase of shares through centralized bidding transaction (Announcement No.: 2021-077).
(II) main contents of repurchase plan
According to the report on repurchase of shares by means of centralized bidding transaction, it is agreed that the company will use its own funds or self raised funds to repurchase shares of the company by means of centralized bidding transaction, and the total repurchase funds shall not be less than 500 million yuan and not more than 1 billion yuan; The repurchase price shall not exceed RMB 35.00/share (inclusive); The repurchase period is 12 months from the date when the board of directors deliberates and approves the share repurchase plan. If the following conditions are met, the repurchase period will expire in advance: 1. Within the repurchase period, when the amount of repurchase funds reaches the maximum limit, the repurchase plan will be implemented, that is, the repurchase period will expire in advance from that date. 2. If the board of directors of the company decides to terminate the repurchase plan, the repurchase period shall expire in advance from the date when the board of directors decides to terminate the repurchase plan. According to the resolution of the board of directors, the company will choose the opportunity to make the repurchase decision and implement it according to the market conditions within the repurchase period.
2、 Implementation of repurchase
(I) on February 14, 2022, the company implemented share repurchase for the first time, and disclosed the situation of share repurchase for the first time on February 15, 2022. For details, see the announcement on the first repurchase of company shares by means of centralized bidding transaction (Announcement No.: 2022-016) disclosed by the company.
(II) as of the date of this announcement, the company has accumulated the number of shares repurchased through centralized bidding trading
Hengli Petrochemical Co.Ltd(600346)
38692489 shares, accounting for 0.55% of the total share capital of the company. The highest purchase price is 26.51 yuan / share, the lowest price is 24.80 yuan / share, the average repurchase price is 25.84 yuan / share, and the total amount of funds used is 99995577.26 yuan (including commission, transfer fee and other transaction expenses). The repurchase amount of the company has reached the upper limit of the total amount of funds deliberated and approved by the board of directors, and the implementation of the share repurchase plan has been completed.
(III) there is no difference between the actual implementation of the repurchase plan and the originally disclosed repurchase plan, and the company has completed the repurchase according to the disclosed plan.
(IV) the implementation of this share repurchase will not have a significant impact on the company’s operation, finance and future development. The company’s equity distribution meets the conditions of listed companies. The implementation of share repurchase will not affect the company’s listing status and change the company’s control.
3、 Shares bought and sold by relevant entities during the repurchase period
On November 6, 2021, the company disclosed the share repurchase for the first time. For details, see the announcement on the share repurchase scheme by centralized bidding transaction (Announcement No.: 2021-070) disclosed by the company. From the date when the company first disclosed the repurchase of shares to the trading day before the disclosure of this announcement, directors, supervisors, senior managers, controlling shareholders, actual controllers and proponents of repurchase of shares did not buy or sell the company’s shares during this period.
4、 Statement of changes in shares
After the share repurchase, the changes of the company’s shares are as follows:
Before and after repurchase
Class of shares
Number of shares (shares) proportion number of shares (shares) proportion
Limited shares 0
Unlimited shares 7039099786 100.00% 7039099786 100.00%
Including: special repurchase certificate 16759818 0.24% 55452307 0.79%
Coupon account
Total shares 7039099786 100.00%
5、 Disposal arrangement of repurchased shares
The Company repurchased 38692489 shares in total. All the shares repurchased this time are used in the employee stock ownership plan according to the share repurchase plan. The company will transfer its shares in accordance with relevant laws and regulations. If the company fails to transfer the shares within 36 months after the completion of the share repurchase, all the repurchased shares will be cancelled.
The shares repurchased this time are temporarily deposited in the company’s special securities account for repurchasing. The shares repurchased this time will lose their rights from the date of transfer to the special account for repurchasing of listed companies. Before the transfer of repurchased shares, the repurchased shares do not enjoy the rights of voting rights at the general meeting of shareholders, profit distribution, conversion of surplus funds into share capital, subscription of new shares and convertible corporate bonds, and shall not be pledged or lent.
Hengli Petrochemical Co.Ltd(600346)
Subsequently, the company will use the shares that have been repurchased but not cancelled according to the purpose of disclosure, and perform the decision-making procedures and information disclosure obligations as required.
It is hereby announced.
Hengli Petrochemical Co.Ltd(600346) board of directors February 18, 2022
