On March 9, Shanghai Carthane Co.Ltd(603037) issued an announcement on the progress of share repurchase. As of March 9, the Company repurchased 590300 shares of the company through centralized bidding transaction, accounting for 0.56% of the total share capital of the company. The total amount of funds paid for the repurchase was RMB 9996400.
According to public information, Shanghai Carthane Co.Ltd(603037) held the 11th meeting of the third board of directors on August 20, 2021 and the first extraordinary general meeting of shareholders in 2021 on September 13, 2021, deliberated and adopted the proposal on repurchase of company shares by means of centralized bidding transaction, and agreed that the company would use its own funds of no less than 30 million yuan and no more than 60 million yuan, The company’s shares shall be repurchased by means of centralized bidding transaction, the repurchase price shall not exceed 20.00 yuan / share, and the implementation period of repurchased shares shall not exceed 12 months from the date when the shareholders’ meeting deliberates and approves the share repurchase plan. On October 26, 2021, the company held the 12th meeting of the third board of directors to further clarify that the shares repurchased this time will be used for the subsequent implementation of the employee stock ownership plan.
