Securities code: 688560 securities abbreviation: Crown Advanced Material Co.Ltd(688560) Announcement No.: 2022-023 Crown Advanced Material Co.Ltd(688560)
Announcement on the reduction of more than half of the number of shares held by shareholders and the progress of reduction
The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Important content tips:
Basic information of shareholders’ shareholding
Before the implementation of the reduction plan, Crown Advanced Material Co.Ltd(688560) (hereinafter referred to as “the company”) shareholder Zhongtai venture capital (Shenzhen) Co., Ltd. (hereinafter referred to as “Zhongtai venture capital”) held 8500000 shares of the company, accounting for 5.1802% of the total shares of the company. The above held shares are the shares obtained before the company’s initial public offering, and the restrictions on sale were lifted and listed on December 24, 2021.
Progress of centralized bidding reduction plan
On December 25, 2021, the company opened the website of Shanghai Stock Exchange (www.sse. Com. CN.) Disclosed the announcement on the share reduction plan of Crown Advanced Material Co.Ltd(688560) shareholders holding more than 5% (Announcement No.: 2021-047). The shareholder Zhongtai venture capital plans to reduce the total holdings of no more than 4800000 shares of the company through centralized bidding and block trading, that is, no more than 3% of the total share capital of the company. Among them, the total reduction through centralized bidding shall not exceed 1600000 shares, not exceeding 1% of the total shares of the company, and the reduction period shall be within 3 months after 15 trading days from the date of announcement and disclosure; The total reduction through block trading shall not exceed 3200000 shares, not more than 2% of the total shares of the company, and the reduction period shall be within 3 months after 3 trading days from the date of announcement and disclosure. The reduction price shall be determined according to the market price.
The company was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 21, 2022 Disclosed Crown Advanced Material Co.Ltd(688560) suggestive announcement on changes in shareholders’ equity (Announcement No.: 2022-006) and short form report on changes in equity, January 17, 2021
From January 19 to January 19, 2022, China Thailand venture capital reduced its holdings through centralized bidding and block trading
The company has 295716 shares, with a reduction ratio of 0.1802%.
On February 17, 2022, the company received the notice on reduction of mingguanxin issued by Zhongtai venture capital
Notification letter on the progress of the stock plan of Materials Co., Ltd., as of February 17, 2022,
Zhongtai venture capital reduced 800012 shares of the company through centralized bidding trading, accounting for
0.4876% of the total share capital; 200000 shares of the company were reduced through block trading, accounting for
0.1219% of the total share capital of the company. Zhongtai venture capital reduced its total holdings of 1000012 shares, accounting for the total shares of the company
0.6094% of share capital. As of February 17, 2022, the share reduction plan is centralized bidding transaction
The number of share reduction has exceeded half, and the implementation of the share reduction plan has not been completed. The progress of share reduction is now disclosed
The report is as follows:
1、 Basic information of the subject of centralized bidding reduction before reduction
Shareholder name shareholder identity shareholding number (shares) shareholding proportion current shareholding source
More than 5% of Sino Thai venture capital is not the first 8500000 5.1802% obtained before IPO: 8500000 investment (Shenzhen major shareholder shares)
Shenzhen) Co., Ltd
The above reduction subjects have no concerted action.
2、 Implementation progress of centralized bidding reduction plan
(I) shareholders disclose the implementation progress of the centralized bidding reduction plan for the following reasons:
More than half of the reduction in centralized bidding transactions
Shareholder name reduction number reduction ratio reduction price reduction total current holdings current holdings (shares) example reduction method range during the reduction period (yuan / amount of shares, number of shares, proportion of shares) (yuan) (shares)
Zhongtaichuang 800012 0.4876% 2022 / 1 / 18 ~ centralized bidding delivery 32.81 28090, 7499,9 4.5707% industrial investment 2022 / 2 / 17 Yi -36.70 524.24 88
(Shenzhen) Co., Ltd
Note: as of the date of this announcement, Zhongtai venture capital has reduced 200000 shares of the company through block trading, accounting for 0.1219% of the total share capital of the company. The price range of reduction is 30.00 yuan / share – 31.20 yuan / share, and the total amount of reduction is 6120000.00 yuan. Zhongtai venture capital reduced 1000012 shares in total, accounting for 0.6094% of the total share capital of the company. (II) whether the reduction is consistent with the plans and commitments previously disclosed by the major shareholders or the directors, supervisors and senior management √ yes □ no (III) whether the listed company discloses major matters such as high transfer or planning merger and reorganization within the reduction time interval □ yes √ no (IV) the impact of the reduction on the company
Zhongtai venture capital does not belong to the controlling shareholder and actual controller of the company. The implementation of this reduction plan is required by the shareholders’ own business development. The implementation of this reduction plan will not have a significant impact on the corporate governance structure, equity structure and future sustainable operation, and will not lead to the change of the company’s control. (V) other matters required by the exchange
III. risk tips related to the centralized bidding reduction plan (I) uncertainty risk of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan, as well as the specific conditions for the achievement or elimination of relevant conditions, etc
This reduction plan is implemented by the company’s shareholder Zhongtai venture capital according to its own business development needs and other factors. The shareholder Zhongtai venture capital’s share reduction plan has not been implemented yet. During the reduction period, it will decide whether and how to implement the share reduction plan according to market conditions, the company’s share price and its own business development needs. There are uncertainties in the number of shares, reduction time and reduction price. Investors are invited to pay attention to investment risks. □ whether the implementation of the listed company’s risk reduction plan will lead to other risks (III) yes
As of the disclosure date of this announcement, the reduction plan of Zhongtai venture capital has not been completed. The company will continue to pay attention to the progress of the implementation of the reduction plan and fulfill the obligation of information disclosure in time. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Crown Advanced Material Co.Ltd(688560) board of directors February 18, 2022
