Securities code: 002933 securities abbreviation: Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) Announcement No.: 2022-009 Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933)
Announcement on the completion of share repurchase and share change
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.
Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) (hereinafter referred to as “the company”) held the 22nd Meeting of the third board of directors on April 12, 2021, deliberated and adopted the proposal on share repurchase scheme of the company, and agreed that the company would use its own funds to repurchase part of the public shares of the company in the form of centralized bidding transaction for the subsequent implementation of equity incentive or employee stock ownership plan. The total amount of funds used for this repurchase shall not be less than 80 million yuan, not more than 160 million yuan, and the repurchase price shall not exceed 40 yuan / share. The specific number of shares to be repurchased shall be subject to the actual number of shares to be repurchased at the expiration of the repurchase period. The implementation period of this share repurchase is within 12 months from the date when the board of directors deliberates and approves the share repurchase plan. For details, please refer to securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. CN.) on April 13, 2021 and April 16, 2021 Relevant announcements of disclosure.
As of February 16, 2022, the company’s share repurchase plan has been implemented. In accordance with the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – repurchase of shares (hereinafter referred to as the “repurchase guidelines”) and other relevant provisions, the implementation results of the company’s share repurchase are hereby announced as follows:
1、 Details of share repurchase
On May 17, 2021, the company implemented the share repurchase through the special securities account for share repurchase for the first time in the form of centralized bidding transaction. For details, see the company’s disclosure in the securities times, China Securities News, Shanghai Securities News, securities daily and cninfo (www.cn. Info. Com. Cn) on May 18, 2021 Announcement on initial share repurchase (Announcement No.: 2021-040).
During the repurchase period, the company disclosed the repurchase progress as of the end of last month in the first three trading days of each month in accordance with relevant regulations, and disclosed the repurchase progress within three days from the date of each 1% increase in the proportion of repurchased shares in the total share capital of the company. The above progress is detailed in the company’s statements on May 8, 2021, June 3, 2021, July 3, 2021, August 4, 2021, August 27, 2021 and 2021
On September 3, September 17, 2021, October 12, 2021, November 3, 2021, December 3, 2021, January 6, 2022, January 25, 2022 and February 9, 2022 Relevant announcements of disclosure.
As of February 16, 2022, the company has repurchased 4020048 shares of the company through centralized bidding through the special securities account for share repurchase, accounting for 3.4257% of the current total share capital of the company. The maximum transaction price is 37.34 yuan / share, the minimum transaction price is 23.63 yuan / share, and the total amount paid is 120338406.52 yuan (excluding transaction costs).
The actual repurchase period of the company is from May 17, 2021 to February 16, 2022. This repurchase complies with the requirements of relevant laws and regulations and the company’s established share repurchase plan. This share repurchase plan has been implemented.
2、 Description of no difference between the implementation of share repurchase and the share repurchase plan
The number of shares actually repurchased by the company, the repurchase price, the total amount of repurchase funds and the implementation period of repurchase are in line with the repurchase plan deliberated and adopted at the 22nd Meeting of the third board of directors of the company. The repurchase amount has exceeded the lower limit of the repurchase amount in the repurchase scheme and has not exceeded the upper limit of the repurchase amount. There is no difference between the actual implementation of the company and the repurchase plan originally disclosed, and the repurchase has been completed in accordance with the repurchase plan.
3、 Impact of the implementation of share repurchase scheme on the company
This share repurchase will not have a significant impact on the company’s operation, finance, R & D, debt performance ability and future development, will not lead to changes in the company’s control, will not change the company’s status as a listed company, and will not lead to the company’s equity distribution not meeting the listing conditions.
This share repurchase is used for the subsequent implementation of equity incentive or employee stock ownership plan, which is conducive to improving the company’s long-term incentive mechanism, attracting and retaining talents, improving the company’s cohesion and competitiveness, and promoting the long-term and healthy development of the company.
4、 Trading of shares of the company by relevant entities during the implementation of repurchase
After verification, the company’s directors, supervisors, senior managers, controlling shareholders, actual controllers and persons acting in concert bought and sold the company’s shares from the date of the company’s first disclosure of the repurchase to the day before the issuance of this announcement are as follows:
In compliance with the provisions of Several Provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the detailed rules for the implementation of the reduction of shares held by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange and other relevant laws and regulations and other normative documents, Mr. Dai Yue, the controlling shareholder of the company Accumulated reduction of 3232499 shares of the company through block trading; The controlling shareholder Mr. Dai Yue and the persons acting in concert Ms. Hao Mengqiao, Ms. Wang Ping and Ms. Dai Xiaolin transferred their total 6806300 shares of the company through agreement transfer; Mr. Zhang Jin, the director, reduced 1222900 shares of the company through centralized bidding trading; Mr. Zhang Jiandi, the director, reduced 2165800 shares of the company through centralized bidding trading; Mr. Lang Anzhong, deputy general manager, reduced 22100 shares of the company through centralized bidding trading.
The above-mentioned shareholders’ reduction of the company’s shares through the securities trading system is based on their own capital needs. The agreed transfer is aimed at introducing high-quality state-owned capital into the company as investors and further optimizing and improving the company’s shareholder structure. There is no insider trading and market manipulation alone or jointly with others, The company has fulfilled the obligation of information disclosure in accordance with relevant regulations.
In addition to the above circumstances, the company’s directors, supervisors, senior managers, controlling shareholders, actual controllers and persons acting in concert did not buy or sell the company’s shares from the date of the company’s first disclosure of the repurchase to the day before the issuance of this announcement.
5、 Changes in shares of the company
The number of shares repurchased by the company this time is 4020048, all of which are deposited in the company’s special securities account for repurchasing. During the deposit period, the company does not enjoy the voting rights of the general meeting of shareholders, profit distribution, conversion of reserve fund into share capital, allotment of shares, pledge and other rights.
Assuming that all the repurchased shares are subject to equity incentive plan or employee stock ownership plan and locked up, according to the current capital structure of the company, the changes in the company’s equity structure are expected to be as follows:
Before and after change
Number of changes in the nature of shares
Number of shares in total share capital (shares) number of shares in total share capital
(share) proportion (%) (share) proportion (%)
Non tradable shares 73423919 62.57 – 4020048 69403871 59.14
Restricted tradable shares 43926081 37.43 + 4020048 47946129 40.86
Total share capital 117350000 100.00 0 117350000 100.00
6、 Compliance statement on the implementation of share repurchase
The time, quantity and price of shares repurchased by the company and the entrusted period of centralized bidding transaction comply with the relevant provisions of Articles 17, 18 and 19 of the repurchase guidelines.
1. The company has not repurchased its shares within the following periods:
(1) Ten and a half days before the announcement of the original trading report due to the reasons of the company’s announcement;
(2) Within ten trading days before the announcement of the company’s quarterly report, performance forecast and performance express;
(3) From the date of occurrence of major events that may have a significant impact on the trading price of the company’s shares or in the process of decision-making to the date of disclosure according to law;
(4) Other circumstances prescribed by the CSRC.
2. The cumulative trading volume of shares in the five trading days before the date of the company’s first share repurchase (i.e. May 17, 2021) was 3653040 shares. The number of shares repurchased by the company every five trading days does not exceed 25% of the cumulative trading volume of the company’s shares in the five trading days before the date of the company’s first share repurchase, that is, it does not exceed 913260 shares.
3. The company has not entrusted to buy back shares at the following trading hours:
(1) Opening call auction;
(2) Within half an hour before the closing;
(3) Within the trading day when there is no limit on the rise or fall of the stock price.
The entrusted price of the company’s share repurchase shall not be the price limited by the trading increase of the company’s shares on the same day.
7、 Subsequent arrangements for repurchased shares
The shares repurchased this time will be used to implement equity incentive or employee stock ownership plan. If the company fails to use the repurchased shares within 36 months after the implementation of share repurchase, the unused repurchased shares will be cancelled according to law. The company will timely perform the obligation of information disclosure according to the follow-up progress and the provisions of relevant laws and regulations. Please pay attention to the investment risks.
It is hereby announced.
Beijing Emerging Eastern Aviation Equipment Co.Ltd(002933) board of directors
February 18, 2022
