Securities code: China Kings Resources Group Co.Ltd(603505) securities abbreviation: China Kings Resources Group Co.Ltd(603505) Announcement No.: 2022013 China Kings Resources Group Co.Ltd(603505)
Announcement on the progress of share repurchase through 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.
China Kings Resources Group Co.Ltd(603505) (hereinafter referred to as "the company") held the second meeting of the Fourth Board of directors on January 20, 2022, deliberated and adopted the proposal on repurchase of shares of the company by means of centralized bidding transaction, disclosed the repurchase report on repurchase of shares by means of centralized bidding transaction on January 22, 2022, and agreed the company to repurchase shares of the company by means of centralized bidding transaction with its own funds, The total amount of repurchase funds shall not be less than 50 million yuan (inclusive) and not more than 100 million yuan (inclusive), and the repurchase price shall not exceed 57 yuan / share. The repurchased shares will be used for the company's subsequent implementation of employee stock ownership plan or equity incentive, and the repurchase period is within 6 months from the date of deliberation and approval by the board of directors. The company implemented the first share repurchase on January 24, 2022 and disclosed the announcement on the first share repurchase by means of centralized bidding transaction on January 25, 2022. For details, please refer to the relevant announcements disclosed by the company in the designated media (announcement numbers: 2022002, 2022003, 2022004, 2022005, 2022006, 2022008, 2022010 and 2022011 respectively).
According to the relevant provisions of the guidelines on self discipline supervision of listed companies of Shanghai Stock Exchange No. 7 - share repurchase, during the repurchase period, the listed company shall announce the repurchase progress as of the end of last month within the first three trading days of each month. Now the progress of share repurchase of the company is announced as follows:
As of March 31, 2022, the company has repurchased 2644400 shares through centralized bidding, accounting for 0.85% of the total share capital of the company. The highest transaction price is 32.94 yuan / share, the lowest transaction price is 29.99 yuan / share, and the total amount paid is 8451520220 yuan (excluding transaction expenses). This repurchase complies with the provisions of relevant laws and regulations and the requirements of the company's share repurchase plan.
The company will continue to implement the repurchase plan during the repurchase period according to the market conditions, and will timely perform the obligation of information disclosure according to the requirements of relevant laws, regulations and normative documents during the repurchase period. Please pay attention to investment risks.
It is hereby announced.
China Kings Resources Group Co.Ltd(603505) board of directors
April 6, 2022
