Securities code: Zhejiang Century Huatong Group Co.Ltd(002602) securities abbreviation: Zhejiang Century Huatong Group Co.Ltd(002602) Announcement No.: 2022023 Zhejiang Century Huatong Group Co.Ltd(002602)
Announcement on the progress of the company’s share repurchase
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Zhejiang Century Huatong Group Co.Ltd(002602) (hereinafter referred to as “the company”) held the fifth meeting of the Fifth Board of directors and the fifth meeting of the Fifth Board of supervisors on February 11, 2022, and the first extraordinary general meeting of shareholders in 2022 on March 1, 2022, which deliberated and adopted the proposal on repurchase of shares of the company and other relevant proposals. On March 2, 2022, the company disclosed the report on repurchase of shares of the company through centralized bidding (Announcement No.: 2022011). For details, please refer to securities times, securities daily and cninfo (www.cn. Info. Com. CN.) Relevant announcements.
The total repurchase fund of the company shall not be less than 500 million yuan, not more than 1 billion yuan, the repurchase price shall not exceed 10 yuan / share, and the period of share repurchase shall be 12 months from the date when the shareholders’ meeting deliberates and approves the share repurchase plan. Under the above conditions, according to the calculation of the upper limit of repurchase amount and repurchase price, the number of shares repurchased is expected to be about 100000000, accounting for about 1.34% of the total share capital of the company; According to the calculation of the lower limit of the repurchase amount and the upper limit of the repurchase price, the number of shares repurchased is expected to be about 50000000, accounting for about 0.67% of the total share capital of the company. The specific number of shares repurchased is subject to the actual number of shares repurchased at the expiration of the repurchase period.
According to the relevant provisions of the detailed rules for the implementation of share repurchase by listed companies of Shenzhen Stock Exchange, the company shall disclose the progress of share repurchase as of the end of last month within the first three trading days of each month. Now the progress of share repurchase by the company is announced as follows:
As of March 31, 2022, the company has not started to repurchase shares.
The company will continue to implement the repurchase plan according to the market conditions and capital arrangements. During the repurchase period, the company will timely perform the obligation of information disclosure in accordance with the provisions of relevant laws, regulations and normative documents. Please pay attention to investment risks.
It is hereby announced.
Zhejiang Century Huatong Group Co.Ltd(002602) board of directors April 1, 2002
