Securities code: Arts Group Co.Ltd(603017) securities abbreviation: Arts Group Co.Ltd(603017) Announcement No.: 2022023 Arts Group Co.Ltd(603017)
Announcement on the progress of share repurchase
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.
Arts Group Co.Ltd(603017) (hereinafter referred to as “the company”) deliberated and adopted the proposal on the plan of repurchasing the company’s shares by means of centralized bidding transaction at the 19th meeting of the Fourth Board of directors held on January 24, 2022, and agreed that the company would use its own funds to repurchase the company’s shares by means of centralized bidding transaction for equity incentive or employee stock ownership plan. The price of the shares to be repurchased this time shall not exceed 12.00 yuan / share, and the total amount of repurchased funds shall not be less than 20 million yuan and not more than 40 million yuan. The repurchase period shall be within 12 months from the date when the repurchase plan is considered and approved by the board of directors. For details of this share repurchase, please refer to the company’s website of Shanghai Securities News, China Securities News and Shanghai Stock Exchange (www.sse. Com. CN.) on January 29, 2022 The report on repurchase of shares through centralized bidding transaction (Announcement No.: 2022009).
As of March 27, 2022, the number of shares repurchased by the company through centralized bidding transaction is 1254500, and the proportion of repurchased shares in the total share capital of the company is 0.45%. The maximum transaction price is 9.26 yuan / share, the minimum transaction price is 8.55 yuan / share, and the total transaction amount is 1125517000 yuan (excluding transaction costs).
The company will perform the obligation of information disclosure in a timely manner according to the repurchase and relevant regulations. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Arts Group Co.Ltd(603017) board of directors March 28, 2022
