Stock Code: 360 Security Technology Inc(601360) stock abbreviation: 360 Security Technology Inc(601360) No.: 2022014 360 Security Technology Inc(601360)
Announcement on the implementation arrangement of the share repurchase plan by centralized bidding
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:
360 Security Technology Inc(601360) (hereinafter referred to as "the company") plans to buy back the company's shares by means of centralized bidding within the next three trading days (March 9, 2022 to March 11, 2022), with a total repurchase amount of no less than RMB 90 million (including RMB 90 million, the same below) and no more than RMB 120 million (including RMB 120 million, the same below).
1、 Basic information of share repurchases
On September 9, 2021, the company held the fourth meeting of the sixth board of directors, deliberated and approved the proposal on repurchase of shares of the company by centralized bidding, and agreed that the company should use its own funds of no less than RMB 1 million and no more than RMB 150 million, Repurchase the company's shares at a repurchase price not exceeding RMB 18.21 per share (hereinafter referred to as "this repurchase"). This repurchase will be fully used for the company's employee stock ownership plan. The term of this repurchase shall not exceed 12 months from the date when the repurchase plan is reviewed and approved by the board of directors of the company. According to Articles 24 and 26 of the articles of association, the share repurchase plan does not need to be submitted to the general meeting of shareholders for deliberation. The specific contents of this share repurchase are detailed in the announcement on share repurchase scheme by centralized bidding (Announcement No.: 2021053) and the report on share repurchase by centralized bidding (Announcement No.: 2021065) disclosed by the company on the website of Shanghai Stock Exchange on September 11, 2021 and October 23, 2021 respectively.
As of February 28, 2022, the company has repurchased 61689259 shares through centralized bidding through the trading system of Shanghai Stock Exchange, accounting for 0.86% of the company's total share capital of 7145363197 shares. The highest price of repurchase transaction is 12.93 yuan / share and the lowest price is 10.51 yuan / share, The total amount of funds paid is RMB 73671575562 (excluding stamp duty, transaction commission and other transaction expenses). For details, please refer to the announcement on the progress of share repurchase by centralized bidding (Announcement No.: 2022013) disclosed by the company on the website of Shanghai Stock Exchange on March 3, 2022.
2、 Implementation plan of this repurchase
Based on the confidence in the company's future development and recognition of the company's value, in order to improve investor confidence, the company plans to buy back the company's shares by centralized bidding within the next three trading days (March 9, 2022 to March 11, 2022), with a total repurchase amount of no less than RMB 90 million and no more than RMB 120 million. The subsequent company will continue to implement repurchase according to the repurchase plan.
3、 Other instructions
The company will continue to repurchase shares during the repurchase period in strict accordance with the detailed rules for the implementation of share repurchase by listed companies of Shanghai Stock Exchange and the company's share repurchase plan, and timely perform the obligation of information disclosure in accordance with the provisions of relevant laws, regulations and normative documents. Please pay attention to the investment risks. It is hereby announced.
360 Security Technology Inc(601360) board of directors March 9, 2022
