On April 17, Beijing Baolande Software Corporation(688058) ( Beijing Baolande Software Corporation(688058) ) announced that it planned to buy back the company’s shares with 40 million yuan to 80 million yuan, the repurchase price was no more than 125 yuan / share (inclusive), and the repurchase period was within 12 months from the date when the board of directors considered and approved the share repurchase plan.
Referring to the purpose of repurchase, Beijing Baolande Software Corporation(688058) frankly speaking, it is based on stabilizing the company’s stock price, confidence in the industry prospect and the company’s future development, and recognition of the company’s long-term investment value. In order to further establish and improve the company’s long-term incentive mechanism, the shares repurchased this time are planned to be used for equity incentive or employee stock ownership plan at an appropriate time in the future, and will be transferred within three years after the announcement of share repurchase results and share changes.
If the company fails to use up the repurchased shares within three years after the announcement of share repurchase results and share changes, the unused repurchased shares will be cancelled.
At the same time of issuing the repurchase announcement, Beijing Baolande Software Corporation(688058) also issued the announcement of shareholders terminating the reduction in advance and no reduction before the expiration of this reduction.
Looking back, since the company announced the reduction plan of shareholders Zhao Yanxing and Wang Kai on January 21 this year, Zhao Yanxing and Wang Kai have reduced their holdings of 47800 shares and 0 shares respectively through centralized bidding, accounting for 0.12% and 0.00% of the total share capital of the company.
According to the latest announcement, on April 16, Beijing Baolande Software Corporation(688058) received the commitment on early termination of the share reduction plan issued by Zhao Yanxing and Wang Kai respectively. Based on their confidence in the company’s future development prospects, the company’s value and the current market environment, and in combination with their own capital needs, Zhao Yanxing and Wang Kai decided to terminate the share reduction plan in advance, And promised not to reduce the company’s shares before the expiration of the reduction time (i.e. August 20, 2022).
In addition, Beijing Baolande Software Corporation(688058) also issued an announcement on the commitment of some directors and senior managers not to reduce their shares in the company. On April 16, the company received the commitment on locking up my shares from Shi Xiaoli, the director and deputy general manager, who promised not to transfer or entrust others to manage the shares issued before Beijing Baolande Software Corporation(688058) public offering directly or indirectly held by me within 6 months from April 18, 2022, nor to repurchase the shares issued before Beijing Baolande Software Corporation(688058) public offering directly or indirectly held by me. Up to now, Shi Xiaoli holds 875000 shares of the company, accounting for 2.19% of the total shares of the company. According to the public information of the company, Dong Jiangao directly holds shares of e-cundao and Shi Xiaoli. As the actual controller, e-cundao’s shares need to be lifted on November 1, 2022. Therefore, Beijing Baolande Software Corporation(688058) Dong Jiangao will not reduce its holdings in the next six months.
