Securities code: Orinko Advanced Plastics Co.Ltd(688219) securities abbreviation: Orinko Advanced Plastics Co.Ltd(688219) Announcement No.: 2022007 Orinko Advanced Plastics Co.Ltd(688219)
Announcement on the progress of reduction of shares held by directors and senior managers after more than half of the time of centralized bidding
The board of directors, all directors and relevant shareholders of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law. Important content tips:
Basic information of shares held by directors and senior managers
Before the implementation of the reduction plan, Mr. Wang canyao, the director of Orinko Advanced Plastics Co.Ltd(688219) (hereinafter referred to as “the company”), held 4565588 shares of the company, accounting for 0.9941% of the total share capital of the company; Mr. Zhong liming, a senior manager, holds 3 Shanghai Pudong Development Bank Co.Ltd(600000) shares of the company, accounting for 0.7838% of the total share capital of the company. The above shares are the shares obtained by the company before its initial public offering and listing on the science and innovation board. These shares have been listed and circulated since November 18, 2021.
Progress of centralized bidding reduction plan
On November 27, 2021, the company disclosed the announcement of Orinko Advanced Plastics Co.Ltd(688219) directors, supervisors and senior managers’ share reduction plan (Announcement No.: 2021059) on the website of Shanghai Stock Exchange. Within six months after 15 trading days from the date of disclosure of this announcement (except for the period during which reduction is prohibited according to the provisions of the China Securities Regulatory Commission and the Shanghai Stock Exchange):
Mr. Wang canyao, the director, plans to reduce his holdings of the company’s shares through centralized bidding or block trading, with a reduction of no more than 1100000 shares, accounting for no more than 0.2395% of the company’s total share capital; Mr. Zhong liming, a senior manager, plans to reduce his shares of the company through centralized bidding or block trading, with a reduction of no more than Shanghai Pudong Development Bank Co.Ltd(600000) shares, accounting for no more than 0.1306% of the total share capital of the company.
As of the disclosure date of this announcement, Mr. Wang canyao has reduced 240763 shares of the company through centralized bidding, accounting for 0.0524% of the total share capital of the company; Mr. Zhong Liming has not implemented the reduction.
The time of this reduction plan is more than half, and the implementation of the reduction plan has not been completed.
1、 Basic information of the subject of centralized bidding reduction before reduction
Shareholder name shareholder identity shareholding number (shares) shareholding proportion current shareholding source
Director, supervisor, senior manager
Wang canyao obtained 0.9941% before IPO: 4565588 share level managers
Director, supervisor, senior manager
Zhong Liming 3.6 million 0.7838% obtained before IPO: 3.6 million share level managers
The above reduction subjects have no concerted action.
2、 Implementation progress of centralized bidding reduction plan
(I) the directors, supervisors and senior management disclosed the implementation progress of the centralized bidding reduction plan for the following reasons:
The reduction time is more than half
Number of shareholders’ holdings reduction ratio of holdings reduction price of holdings reduction total amount of holdings current holding name weighing (shares) example during the period of holdings reduction mode range (yuan / (yuan) number of shares share proportion of shares) (shares)
focus
2022/1/6～ 12.39
Wang canyao 2407630.0524% bidding Shenzhen Capchem Technology.Ltd(300037) 20943248250.9416% 2022 / 1 / 7 -12.52
transaction
(II) whether the reduction is consistent with the plans and commitments previously disclosed by major shareholders or directors, supervisors and senior executives
√ yes □ no
(III) whether the listed company has disclosed major issues such as high transfer or planning merger and reorganization within the reduction time period
□ yes √ no
(IV) impact of this reduction on the company
The implementation of this share reduction plan is the capital demand of the shareholders themselves, and the implementation subject is not the controlling shareholder of the company and the actual shareholder
The international controller will not lead to the change of the company’s control and will not have a continuous impact on the company’s governance structure and the future
Have a significant impact on the operation.
(V) other matters required by the exchange
III. risk tips related to the centralized bidding reduction plan (I) uncertainty risk of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan, as well as the specific conditions for the achievement or elimination of relevant conditions, etc
The stock reduction plan and the implementation progress of the stock reduction are independently decided by the company’s shareholders according to their own capital needs. During the stock reduction period, the company’s shareholders will choose whether to continue to implement and how to implement the stock reduction plan according to the market conditions, the company’s stock price and other factors. There are uncertainties in the quantity, time and price of the stock reduction. (II) whether the implementation of the share reduction plan will lead to the risk of change in the control of the listed company □ yes √ no (III) other risks
As of the disclosure date of this announcement, the reduction plan of Mr. Wang canyao and Mr. Zhong Liming has not been completed. The company will continue to pay attention to the progress of the implementation of the share reduction plan of the above shareholders, and timely fulfill the obligation of information disclosure in accordance with the provisions of relevant laws and regulations. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Orinko Advanced Plastics Co.Ltd(688219) board of directors March 21, 2022
