Securities code: 000672 securities abbreviation: Gansu Shangfeng Cement Co.Ltd(000672) Announcement No.: 2022-015 Gansu Shangfeng Cement Co.Ltd(000672)
Suggestive announcement on the expiration of the duration of phase I ESOP
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.
Gansu Shangfeng Cement Co.Ltd(000672) (hereinafter referred to as “the company”) deliberated and approved relevant proposals such as the first phase of the company’s employee stock ownership plan (Draft) and summary at the 37th meeting of the eighth board of directors held on April 9, 2019 and the 2018 annual general meeting held on May 7, 2019, and agreed to implement the first phase of the company’s employee stock ownership plan, And authorize the board of directors to handle matters related to the employee stock ownership plan. For details, please refer to China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) on April 11, 2019 and May 8, 2019 Relevant announcements of disclosure.
Whereas the duration of the company’s phase I employee stock ownership plan will expire on August 14, 2022, in accordance with the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies and the self regulatory guidelines for listed companies No. 1 – standardized operation of listed companies on the main board of Shenzhen Stock Exchange, The relevant information before the expiration of the duration of phase I employee stock ownership plan is hereby announced as follows:
1、 Basic information of phase I ESOP
1. The stock of the company’s phase I ESOP comes from 7195920 shares of the company that have been repurchased in the company’s special securities account for repurchase, accounting for 0.88% of the company’s total share capital. On August 15, 2019, the company received the confirmation of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. All 7195920 shares held in the company’s special securities repurchase account were transferred to Gansu Shangfeng Cement Co.Ltd(000672) – phase I ESOP account in the form of non trading transfer on August 14, 2019. For details, please refer to China Securities Journal, securities times and cninfo (www.cn. Info. Com. CN.) on August 15, 2019 Gansu Shangfeng Cement Co.Ltd(000672) : Announcement on the completion of non transaction transfer of phase I ESOP (Announcement No.: 2019-083).
2. According to the relevant requirements of the first phase of the company’s employee stock ownership plan, the duration of the first phase of the employee stock ownership plan is 36 months, calculated from the date when the non trading transfer of the subject stock announced by the company to the name of the first phase of the employee stock ownership plan (i.e. August 14, 2019). The lock-in period of the shares held by the employee stock ownership plan is 12 months, starting from the date when the non trading transfer of the subject shares announced by the company to the name of the first employee stock ownership plan (i.e. August 14, 2019).
3. After the lock-in period of the first phase of the company’s employee stock ownership plan expires, the Management Committee of the first phase of the employee stock ownership plan has reduced the shares held by the first phase of the employee stock ownership plan. As of the date of this announcement, the number of shares held by the first phase of the employee stock ownership plan is 1419628 shares, accounting for 0.17% of the company’s total share capital. The shares of the company held in the first phase of the employee stock ownership plan have not been mortgaged, pledged or guaranteed. There is no case that the total number of company shares held by any holder exceeds 10% of the company’s shares and the number of company shares corresponding to the employee stock ownership plan shares held by any holder exceeds 1% of the company’s total share capital; No third party other than the holder of the employee stock ownership plan has made any claim on the shares and funds of the employee stock ownership plan.
2、 Follow up arrangements for the first phase of the company’s employee stock ownership plan
The duration of phase I ESOP will expire on August 14, 2022. Before the expiration, the Management Committee of phase I ESOP will decide whether to sell shares according to the overall arrangement of phase I ESOP and market conditions. However, the company’s shares shall not be traded during the following periods:
1. Within 30 days before the announcement of the company’s periodic report, if the announcement date is delayed due to special reasons, from 30 days before the original scheduled announcement date to the day before the announcement;
2. Ten days before the announcement of the company’s performance forecast and performance express;
3. From the date of occurrence of other major events that may affect the stock price or from the date of entering the decision-making procedure to the date of disclosure according to law;
4. Other periods prescribed by the CSRC and the exchange.
3、 Other relevant instructions
The company will continue to pay attention to the implementation of the first phase of the employee stock ownership plan and timely fulfill the obligation of information disclosure in accordance with relevant laws and regulations. Please pay attention to relevant announcements and pay attention to investment risks. It is hereby announced.
Gansu Shangfeng Cement Co.Ltd(000672) board of directors
February 20, 2022
