Yueyang Xingchang Petro-Chemical Co.Ltd(000819) announcement on pre disclosure of share reduction by the third largest shareholder
Securities code: 000819 securities abbreviation: Yueyang Xingchang Petro-Chemical Co.Ltd(000819) No.: 2022-001 Yueyang Xingchang Petro-Chemical Co.Ltd(000819)
Announcement on pre disclosure of share reduction by the third largest shareholder
The shareholder Hunan Changlian Xingchang Group Co., Ltd. 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.
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Hunan Changlian Xingchang Group Co., Ltd. (hereinafter referred to as "Xingchang group"), the third largest shareholder holding 15696793 shares of the company (accounting for 5.25% of the total share capital of the company), plans to within six months after 15 trading days from the date of disclosure of this announcement (January 26, 2022 to July 26, 2022) Through the system of Shenzhen Stock Exchange, the company's shares shall be reduced by centralized bidding to no more than 2000000 shares (accounting for 0.7% of the company's total share capital).
The company received the notification letter on planned reduction of Yueyang Xingchang Petro-Chemical Co.Ltd(000819) shares issued by Xingchang group on December 31, 2021, and now announces the relevant information as follows:
1、 Basic information of shareholders
（1） Name of shareholder: Hunan Changlian Xingchang Group Co., Ltd.
（2） As of the disclosure date of this announcement, Xingchang group holds 15696793 shares of the company (accounting for 5.25% of the total share capital of the company), which is the third largest shareholder of the company.
2、 Main contents of this reduction plan
（1） Reduction plan
1. Reasons for reduction: shareholders need their own project construction funds.
2. Source of shares: shares before the split share structure reform.
3. Number and proportion of shares reduced: the number of shares reduced this time shall not exceed 2000000 shares (not more than 0.7% of the total share capital of the company. If there are changes in share capital such as share distribution and conversion of capital reserve into share capital during this period, the number will be adjusted accordingly).
4. Reduction period: within six months after 15 trading days from the date of disclosure of this announcement (January 26, 2022 to July 26, 2022).
Yueyang Xingchang Petro-Chemical Co.Ltd(000819) announcement on pre disclosure of share reduction by the third largest shareholder
5. Reduction method: centralized bidding method of Shenzhen Stock Exchange.
6. Price range of reduction: determined according to the secondary market price at the time of reduction.
（2） Performance of relevant commitments:
1. There is no difference between the shares involved in the share reduction plan of Xingchang group and the previously disclosed commitments, and there is no failure to fulfill or breach of relevant commitments.
2. Xingchang group promises that it will not increase its holdings of Yueyang Xingchang Petro-Chemical Co.Ltd(000819) shares within 6 months before the disclosure of the reduction plan. 3. Xingchang group promises to abide by relevant reduction regulations and timely fulfill the obligation of information disclosure when implementing this reduction plan.
（3） The proposed reduction of Xingchang group does not violate the provisions of laws, regulations, rules, business rules and other normative documents such as the securities law, the measures for the administration of the acquisition of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of companies listed on the main board of Shenzhen Stock Exchange and so on, Comply with the relevant provisions of the CSRC on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies and the detailed rules for the implementation of the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.
3、 Relevant risk tips
（1） Xingchang group will decide whether to implement the share reduction plan according to market conditions, the company's share price and other factors. There is uncertainty about the reduction time and price.
（2） The implementation of this share reduction plan will not lead to the change of control of the listed company and will not have a significant impact on the corporate governance structure and future sustainable operation.
4、 Documents for future reference
Notification letter on planned reduction of Yueyang Xingchang Petro-Chemical Co.Ltd(000819) shares of Xingchang group.
It is hereby announced.
Yueyang Xingchang Petro-Chemical Co.Ltd(000819) board of directors January 4, 2002
