Securities code: Shenzhen Megmeet Electrical Co.Ltd(002851) securities abbreviation: Shenzhen Megmeet Electrical Co.Ltd(002851) Announcement No.: 2022020 Shenzhen Megmeet Electrical Co.Ltd(002851)
Announcement on the progress of repurchasing shares of the company
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.
Shenzhen Megmeet Electrical Co.Ltd(002851) (hereinafter referred to as “the company”) deliberated and adopted the proposal on share repurchase scheme of the company at the 14th meeting of the 4th board of directors held on March 15, 2022. The company plans to use its own funds to repurchase part of the company’s shares through centralized bidding for employee holding plan or equity incentive. It is estimated that the total amount of shares repurchased will not exceed 138 million yuan, and the repurchase price will not exceed 32.00 yuan / share, The repurchase period is within 4 months from the date when the repurchase plan is considered and approved by the board of directors of the company. The company disclosed the repurchase report (Announcement No. 2022015) on March 16, 2022. For details, see the company’s Securities Daily, securities times and cninfo (www.cn. Info. Com. CN.) Announcement disclosed on.
According to the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – share repurchase (hereinafter referred to as “self regulatory guidelines No. 9”), 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 progress of the company’s share repurchase will be announced as follows:
1、 Progress in repurchasing shares of the company
As of March 31, 2022, the company has repurchased 2409700 shares of the company through centralized bidding through the special securities account for repurchasing shares, accounting for 0.48% of the total share capital of the company. The maximum transaction price is 245745 yuan / share, the minimum transaction price is 225500 yuan / share, and the total amount of funds used is 5718660082 yuan (excluding transaction costs). The capital source of this share repurchase is the company’s own funds, and the repurchase price does not exceed the upper limit proposed in the repurchase plan. This repurchase meets the requirements of relevant laws and regulations and the established share repurchase plan.
2、 Other instructions
The time, number and price of shares repurchased by the company and the entrusted period of centralized bidding transaction comply with the provisions of the company’s share repurchase plan and Articles 17, 18 and 19 of the guidelines for self discipline supervision No. 9. The details are as follows:
1. The company did not repurchase shares during the following periods:
(1) If the announcement date is delayed due to special reasons within 10 trading days before the announcement of the company’s annual report and semi annual report, it shall be calculated from the 10 trading days before the original scheduled announcement date;
(2) Within ten trading days before the announcement of the company’s quarterly report, performance forecast and performance express;
(3) From the date of occurrence of major events that may have a significant impact on the trading price of the company’s shares or in the process of decision-making to the date of disclosure according to law;
(4) 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 company’s first share repurchase (March 17, 2022) was 142976 million shares. The number of shares repurchased by the company every five trading days does not exceed 25% of the cumulative trading volume of the company’s shares in the five trading days before the date of the first share repurchase.
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 and fall of stock prices.
The company will continue to implement the repurchase plan according to the market conditions during the repurchase period, and fulfill the obligation of information disclosure in time according to relevant regulations. Please pay attention to the investment risks.
It is hereby announced.
Shenzhen Megmeet Electrical Co.Ltd(002851) board of directors
April 6, 2022
