Securities code: Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) securities abbreviation: Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) Announcement No.: 2022031
Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686)
Announcement on the progress of repurchase of shares of the company by means of centralized bidding transaction
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.
Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) (hereinafter referred to as “the company”) held the 19th meeting of the 4th board of directors on January 7, 2022, deliberated and adopted the proposal on repurchase of shares of the company by means of centralized bidding transaction, and agreed that the company would repurchase shares by means of centralized bidding transaction with its own funds. The number of shares repurchased shall not be less than 7.1948 million and not more than 143896 million, the repurchase price shall not exceed 14.72 yuan / share, and the repurchase period shall not exceed 12 months from the date when the board of directors deliberates and approves the share repurchase plan. For details of the share repurchase, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on January 8, 2022 and January 18, 2022 The announcement on the plan of repurchasing the company’s shares by means of centralized bidding transaction (Announcement No.: 2022007) and the repurchase report on repurchasing the company’s shares by means of centralized bidding transaction (Announcement No.: 2022010).
According to the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchase and other provisions, the company hereby announces the progress of this repurchase as follows:
As of March 31, 2022, the company has repurchased 6636353 shares in the form of centralized bidding transaction, accounting for 0.46% of the total share capital of the company. The maximum transaction price is 10.40 yuan / share, the minimum transaction price is 10.06 yuan / share, and the total amount paid is 6823415007 yuan (excluding Commission and other transaction expenses).
The repurchase progress complies with the provisions of relevant laws and regulations and the requirements of the company’s share repurchase plan. During the repurchase period, the company will choose the opportunity to make the repurchase decision and implement it according to the market conditions, and fulfill the obligation of information disclosure in accordance with the provisions of relevant laws, regulations and normative documents. Please pay attention to the investment risks.
It is hereby announced.
Tianjin You Fa Steel Pipe Group Stock Co.Ltd(601686) board of directors April 5, 2022
