Securities code: 000546 securities abbreviation: Jinyuan Ep Co.Ltd(000546) Announcement No.: 2022-035 Jinyuan Ep Co.Ltd(000546)
On the misoperation of the chairman in the process of increasing shareholding
Announcement leading to short-term trading and apology
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.
Jinyuan Ep Co.Ltd(000546) (hereinafter referred to as “the company”) received the chairman Mr. Xu Gang’s explanation and apology letter on triggering short-term trading by misoperation in the process of shareholding increase on February 24, 2022, and learned that the chairman Mr. Xu Gang sold a total of 15000 shares of the company due to misoperation during the implementation of the shareholding increase plan. According to the securities law of the people’s Republic of China The specific circumstances of short-term trading caused by misoperation in the process of increasing its holdings are announced as follows:
1、 Description of this misoperation
1. Share increase plan
On January 22, 2022, the company disclosed the announcement on the new chairman’s share increase plan of the company (Announcement No.: 2022-021). Mr. Xu Gang, the chairman of the company, plans to increase the total amount of shares of the company by no less than 15 million yuan within 6 months from the date of disclosure of the announcement of the share increase plan. On February 18, 2022 and February 21, 2022, Mr. Xu Gang increased 130000 shares of the company through centralized bidding through the securities trading system of Shenzhen Stock Exchange, accounting for 0.0166% of the total share capital of the company. For details, please refer to the announcement on the progress of the chairman’s share increase plan of the company (Announcement No.: 2022-034) disclosed on cninfo.com on February 23, 2022.
2. Misoperation
On February 24, 2022, due to improper operation, Mr. Xu Gang mistakenly operated the “buy transaction” as “sell transaction”. The transaction volume was 15000 shares, the average transaction price was 15.93 yuan / share, and the transaction amount was 238900 yuan. The above-mentioned sell transaction violated the securities law, the stock listing rules of Shenzhen Stock Exchange Relevant laws and regulations such as Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 1 – standardized operation of listed companies on the main board constitute short-term trading.
3. Details of this transaction
Name of shareholder trading date trading method trading direction number of shares trading average price (yuan (share) / share)
February 2022
March 18-2022 purchase of 315000 15.04
Xu Gang centralized bidding on February 24, 2014
February 2022 sold 15000 RMB 15.93
24th
Note: the tail difference in the data in the table is caused by rounding.
4. The income generated by the misoperation of the short-term exchange is 13350 yuan (calculation method: selling average transaction price * short-term trading shares – buying average transaction price * short-term trading shares = 15.93 yuan / share * 15000 shares -15.04 yuan / share * 15000 shares = 13350 yuan).
According to Article 44 of the securities law and relevant provisions, as the chairman of the company, Mr. Xu Gang’s above transactions constitute short-term transactions. It is understood that Mr. Xu Gang’s short-term trading is caused by operational errors, and there is no trading of the company’s shares due to insider information. As of the disclosure date of this announcement, Mr. Xu Gang holds 300000 shares of the company.
2、 Short term transaction processing of this misoperation
After knowing this matter, the company attached great importance to it, checked the relevant situation in time, and Mr. Xu Gang also actively cooperated and took the initiative to correct it. The handling of this matter and the measures taken are as follows:
(I) according to Article 44 of the securities law of the people’s Republic of China: “Shareholders, directors, supervisors and senior managers of listed companies and companies whose shares are traded on other national securities exchanges approved by the State Council who hold more than 5% of the shares sell their shares or other equity securities of the company within six months after they buy them, or buy them again within six months after they sell them, and the proceeds therefrom belong to the company If the company is owned by the company, the board of directors of the company shall recover its income “. According to the above provisions, Mr. Xu Gang’s illegal income shall be confiscated, and Xu Gang promised to hand over the above illegal income to the company in time.
（2） The above violations are caused by operational errors. There is no trading of the company’s shares due to insider information, nor is there the purpose of using short-term trading to seek benefits. Xu Gang’s misoperation does not have the subjective intention of short-term trading, and has deeply realized the seriousness of this short-term trading. He sincerely apologizes for the adverse impact of this misoperation on the company and the market; In the future, we will strictly implement the securities law and the provisions of the CSRC and Shenzhen Stock Exchange on the reduction of shareholders’ holdings, operate cautiously and prevent such situations from happening again.
(III) the company will further require all directors, supervisors and senior managers to strengthen their understanding of the company law, the securities law, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board, and some provisions on the reduction of shares held by shareholders, directors and supervisors of listed companies Learn relevant laws, regulations and normative documents such as the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange, strictly abide by relevant regulations and prevent such incidents from happening again.
3、 Documents for future reference
1. It is hereby announced that Mr. Xu Gang issued the “explanation and apology letter on triggering short-term trading by misoperation in the process of increasing shareholding”.
Jinyuan Ep Co.Ltd(000546) board of directors February 25, 2022
