Securities code: 002471 securities abbreviation: Jiangsu Zhongchao Holding Co.Ltd(002471) Announcement No.: 2022-013 Jiangsu Zhongchao Holding Co.Ltd(002471)
Announcement on the progress of the actual controller’s plan to increase the company’s shares by more than half
The actual controller guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.
The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor.
Special tips:
1. Basic information of the share increase plan: Jiangsu Zhongchao Holding Co.Ltd(002471) (hereinafter referred to as “the company”) disclosed the announcement on the voluntary increase of shares held by the actual controller (Announcement No.: 2021-119) on November 24, 2021. Mr. Yang Fei, the actual controller of the company, plans to increase the company’s shares by not less than 0.5% and not more than 1% (i.e. not less than 6.34 million shares and not more than 12.68 million shares) through the Shenzhen stock exchange system within six months from November 24, 2021.
2. Progress of the shareholding increase plan: as of February 23, 2022, more than half of the period of this shareholding increase plan, Mr. Yang Fei, the actual controller, has increased 918000 shares of the company through the Shenzhen stock exchange system, accounting for 0.072% of the total share capital of the company. The share increase plan has not been implemented yet.
1、 Basic information of the entities planning to increase their holdings
1. Basic information of the entities planning to increase their holdings
Before the implementation of this shareholding increase plan, Yang Fei, the actual controller of the company, held 8608749 shares of the company, and Jiangsu Zhongchao Investment Group Co., Ltd., the controlling shareholder of the company, held 220444030 shares of the company, holding a total of 18.06% of the shares of the company.
2. In addition to this shareholding increase plan, Mr. Yang Fei did not disclose other shareholding increase plans within 12 months before the announcement of this shareholding increase plan.
3. Mr. Yang Fei did not reduce his holdings of the company’s shares six months before the announcement of the shareholding increase plan.
2、 Main contents of the shareholding increase plan
1. The purpose of this share increase: Based on the confidence in the future development of the company and the recognition of the long-term investment value of the company, at the same time, in order to further improve the control of the company, promote the sustainable, stable and healthy development of the company and enhance the confidence of investors.
2. No less than 6.35% of the total share capital of the company as of December 2021, i.e. no less than 6.39 million shares and no less than 30% of the total share capital of the company.
3. Increase price: there is no price range for this increase. The increase subject will implement the increase plan based on the reasonable judgment of the company’s value and according to the fluctuation of the company’s stock price and the overall trend of the capital market. 4. Implementation period: in the next six months from November 24, 2021, if the trading of the company’s shares is suspended during the implementation of the share increase plan, the implementation of the share increase plan will be postponed and disclosed in time after the resumption of trading.
5. Way of increasing Holdings: increase holdings in the secondary market through centralized bidding through the securities trading system of Shenzhen Stock Exchange.
6. Source of funds: self owned funds or self raised funds of the increasing entity.
7. Commitment of the increased shareholding body: (1) the shares of the company increased this time will not be reduced during the increase period and within six months after the completion of the increase plan, and will be implemented in strict accordance with laws, regulations, departmental rules and relevant provisions of Shenzhen Stock Exchange. (2) After the implementation period of the shareholding increase is more than half, the implementation period of the shareholding increase expires or the scheduled shareholding increase plan is completed, the company shall be notified in time to disclose the progress of the shareholding increase plan.
8. Lock up period: the shares increased by the subject of this increase will not transfer the company’s shares held within six months after the completion of this increase plan, and will strictly comply with the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange. 3、 Uncertainty risk of the implementation of the shareholding increase plan
The implementation of the shareholding increase plan may have the risk that the shareholding increase plan cannot be implemented due to changes in capital market conditions and other factors, and there may be the risk that the implementation of the shareholding increase plan will be delayed or impossible due to the failure of the shareholding increase funds to be in place in time.
4、 Implementation of shareholding increase plan
As of February 23, 2022, Mr. Yang Fei, the actual controller, has accumulated 918000 shares of the company through the system of Shenzhen Stock Exchange, accounting for 0.072% of the total share capital of the company, with a total amount of 2399060 yuan. The time of this shareholding increase plan is more than half, and the implementation of the shareholding increase plan has not been completed. Based on his confidence in the future long-term development of the company and the recognition of the value of the company’s shares, Mr. Yang Fei will choose an opportunity to implement and complete the above-mentioned share increase plan during the implementation of the share increase plan.
5、 Other relevant instructions
1. The share increase plan complies with relevant laws, administrative regulations, departmental rules, normative documents, business rules of Shenzhen Stock Exchange and other relevant provisions, such as the company law, the securities law and the measures for the administration of the acquisition of listed companies.
2. The implementation of this share increase plan will not lead to the company’s equity distribution not meeting the listing conditions, will not affect the company’s listing status, and will not lead to changes in the company’s controlling shareholders and actual controllers.
3. During the implementation of the plan, in case of ex rights and other matters, the number of non implemented parts shall be adjusted accordingly.
4. The company will continue to pay attention to the progress of this shareholding increase plan and timely fulfill the obligation of information disclosure in accordance with relevant regulations.
It is hereby announced.
Jiangsu Zhongchao Holding Co.Ltd(002471) board of directors February 23, 2002
