Securities code: 600185 stock abbreviation: Gree Real Estate Co.Ltd(600185) No.: pro 2021-048
Bond Code: 150385, 143195, 143226, 151272, 188259
Bond abbreviation: grid 18 01, grid 18 02, grid 18 03, grid 19 01, grid 21 02
Gree Real Estate Co.Ltd(600185)
Announcement on changing the purpose of the second share repurchase
hot tip
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Purpose of repurchase before this change: the purpose of the company’s second share repurchase is to convert the convertible corporate bonds issued by the listed company.
Purpose of repurchase after this change: the purpose of the company’s second share repurchase is for employee stock ownership plan.
The company held the 22nd Meeting of the 7th board of directors on December 22, 2021, deliberated and adopted the proposal on changing the purpose of the second share repurchase, and now the relevant matters are announced as follows:
1、 Overview and implementation of share repurchase scheme
1. Second share repurchase plan
At the 54th meeting of the 6th board of directors held on January 30, 2019, the company deliberated and adopted the proposal on the second share repurchase scheme, and disclosed the repurchase report on the second share repurchase on February 1, 2019. The total repurchase funds shall not be less than 200 million yuan (including 200 million yuan) and not more than 300 million yuan (including 300 million yuan), and the repurchase period shall not exceed 12 months from the date when the board of directors deliberates and approves the share repurchase plan.
On February 19, 2019, the Company repurchased its shares for the second time and implemented the repurchase for the first time. On March 19, 2019, the company completed the repurchase according to the disclosed plan, and actually repurchased 49095061 shares of the company, with a total capital of 239466400 yuan.
2、 Main contents of change
Based on the fact that the company has no plan to issue convertible bonds, and the company has changed a total of 40246840 shares originally used for the initial repurchase of the employee stock ownership plan to cancel and reduce the registered capital, in order to continue to improve the cohesion of employees and the competitiveness of the company in the future, the company decides to change the purpose of the repurchase shares, as follows:
Before and after scheme period change
The purpose of this share repurchase is
The second repurchase of share capital the repurchase of the shares repurchased at the second time is used to convert the convertible bonds issued by the listed company
The scheme is for employee stock ownership plan
Corporate bonds for shares
In addition to the above changes, other contents of the company’s second share repurchase plan remain unchanged.
3、 Rationality, necessity and feasibility analysis of change
This change in the purpose of share repurchase complies with the provisions of the company law, the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange and other laws and regulations, complies with the company’s development strategy and business plan, and does not harm the interests of the company and shareholders, especially small and medium-sized shareholders.
4、 Description of the impact of the change on the company’s debt performance ability, sustainable operation ability and shareholders’ equity
The company believes that the change in the purpose of share repurchase will not have a significant impact on the company’s debt performance ability, sustainable operation ability and shareholders’ equity. The implementation of the share repurchase plan will not lead to the company’s equity distribution not meeting the listing conditions, nor will it affect the company’s listing status.
5、 Change the decision-making process performed
The change was deliberated and adopted at the 22nd Meeting of the 7th board of directors held on December 22, 2021. The change of the purpose of this share repurchase belongs to the authority of the board of directors and does not need to be submitted to the general meeting of shareholders for deliberation.
6、 Opinions of independent directors
The independent directors of the company express the following independent opinions:
The purpose of the company’s share repurchase this time complies with the company law, the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange and other relevant provisions, the voting procedures comply with the provisions of laws, regulations and the articles of association, and there is no situation that damages the interests of the company and shareholders, especially small and medium-sized shareholders; The company’s change in the purpose of share repurchase is in line with the company’s development strategy and business plan, and will not have a significant impact on the company’s business activities, financial status and future development, and will not affect the company’s listing status. To sum up, we agree to this motion. It is hereby announced.
Gree Real Estate Co.Ltd(600185)
Board of directors
December 22, 2001
