Securities code: 002374 securities abbreviation: Shandong Chiway Industry Development Co.Ltd(002374) Announcement No.: 2022-002
Shandong Chiway Industry Development Co.Ltd(002374)
Announcement on the progress of repurchase of shares of the company
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions in the announcement.
Shandong Chiway Industry Development Co.Ltd(002374) (hereinafter referred to as "the company") convened the 11th meeting of the 5th board of directors on January 18, 2021, deliberated and adopted the plan on repurchase of shares of the company. The company plans to use its own funds to buy back part of the company's shares in the form of centralized bidding for the subsequent implementation of equity incentive or employee stock ownership plan. The number of shares repurchased this time is 10.8795 million shares (accounting for 1.00% of the total share capital of the company) - 21.759 million shares (accounting for 2.00% of the total share capital of the company). The repurchase price shall not exceed 3 yuan / share, and the total repurchase amount shall not exceed 65.277 million yuan. The specific number of shares repurchased shall be subject to the actual number of shares repurchased at the expiration of the repurchase period. The implementation period of share repurchase shall not exceed 12 months from the date when the board of directors deliberates and approves the share repurchase plan. For details, please refer to the company's designated information disclosure media and cninfo (www.cn. Info. Com.. CN.) on January 19, 2021 and January 23, 2021 Announcement on share repurchase scheme of the company and repurchase report (Announcement No.: 2021-006, 2021-011) issued.
According to the detailed rules for the implementation of share repurchase by listed companies of Shenzhen Stock Exchange (hereinafter referred to as the "detailed rules for repurchase"), during the repurchase period, the company shall disclose the repurchase progress as of the end of last month within the first three trading days of each month. The relevant information is hereby announced as follows:
1、 Repurchase progress
In December 2021, the company did not carry out the repurchase operation. Meanwhile, the company held the 19th meeting of the 5th board of directors on December 29, 2021, deliberated and adopted the proposal on terminating the repurchase of the company's shares, and decided to terminate the repurchase of the company's shares. The proposal still needs to be submitted to the company's first extraordinary general meeting in 2022 for deliberation. For details, please refer to the company's designated information disclosure media and cninfo (www.cn. Info. Com.. CN.) Announcement on termination of repurchase of shares of the company and implementation results of repurchase (Announcement No.: 2021-104).
As of December 31, 2021, the company has repurchased 2744500 shares of the company through centralized bidding transaction through the special securities repurchase account, accounting for 0.25% of the total share capital of the company. The maximum transaction price is 2.52 yuan / share, the minimum transaction price is 2.15 yuan / share, and the total transaction amount is 6332165 yuan (excluding transaction expenses).
2、 Other instructions
The number of shares repurchased by the company, the time of repurchase and the entrusted period of centralized bidding transaction comply with the relevant provisions of Articles 17, 18 and 19 of the repurchase rules.
1. The company has not repurchased its shares within the following periods:
(1) Within 10 trading days before the announcement of the company's regular report, performance forecast or performance express;
(2) From the date of occurrence of major events that may have a significant impact on the stock trading price of the company or in the decision-making process to 2 trading days after disclosure according to law;
(3) Other circumstances prescribed by the CSRC.
2. The cumulative trading volume of the company's shares in the five trading days before the date of the first share repurchase (February 5, 2021) (January 29, 2021 to February 4, 2021) was 39220000 shares. The number of shares repurchased by the company every five trading days does not exceed 25% (i.e. 9805000 shares) of the cumulative trading volume of the company's shares in the five trading days before the date of the first repurchase of shares.
3. The company has not entrusted to buy back shares at the following trading hours:
(1) Opening call auction;
(2) Within half an hour before the closing;
(3) There is no limit on the rise or fall of stock prices.
The price of shares repurchased by the company is lower than the price limited by the trading increase of the company's shares on the same day.
It is hereby announced.
Shandong Chiway Industry Development Co.Ltd(002374) board of directors January 6, 2022
