Stock abbreviation: Better Life Commercial Chain Share Co.Ltd(002251) Stock Code: Better Life Commercial Chain Share Co.Ltd(002251) Announcement No.: 2022025 Better Life Commercial Chain Share Co.Ltd(002251)
Announcement on the sale of repurchased shares
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.
1、 Basic information of shares repurchased by the company
Better Life Commercial Chain Share Co.Ltd(002251) (hereinafter referred to as “the company”) held the 5th meeting of the 6th board of directors on February 8, 2021, deliberated and adopted the proposal on repurchase of shares of the company. The company plans to use its own funds to repurchase some A shares of RMB common shares of the company through centralized bidding (hereinafter referred to as “the repurchase”). The total capital of this repurchase shall not exceed 200 million yuan (inclusive) and not be less than 100 million yuan (inclusive), and the repurchase price shall not exceed 12.19 yuan / share. The purpose of this share repurchase is necessary for maintaining the company’s value and shareholders’ equity.
As of May 7, 2021, the company’s share repurchase plan has been implemented. The company has accumulated 12578488 repurchased shares of the company, accounting for 1.4560% of the total share capital of the company, and the repurchase amount is 1 Innuovo Technology Co.Ltd(000795) 30 yuan (including transaction costs). On May 11, 2021, the company disclosed the announcement on the completion of share repurchase of the company.
The above contents are detailed in China Securities Journal, securities times, Shanghai Securities News, securities daily and cninfo（ http://www.cn.info.com.cn. ）Relevant announcements disclosed on. 2、 Share reduction plan of the repurchased shares
On April 17, 2022, the company held the 20th meeting of the sixth board of directors and agreed to reduce the company’s repurchased shares (12578488 shares for the purpose of maintaining the company’s value and shareholders’ equity), which can be reduced only after May 13, 2022. The relevant plans of the company to reduce its holdings of repurchased shares are as follows:
(I) basic information of shareholders
As of the date of this announcement, the shareholdings of shareholders planned to reduce their holdings are as follows:
Name of shareholder number of shares (shares) shareholding ratio (%) shares with limited sales conditions shares with unlimited sales conditions (shares)
Better Life Commercial Chain Share Co.Ltd(002251) commercial chain shares
Special certificate for repurchase of limited company 362637864.20 036263786
Coupon account
Note: among them, 12578488 shares are necessary for maintaining the company’s value and shareholders’ equity, and the purpose is for employee stock ownership
The number of shares planned or equity incentive is 23685298.
(II) main contents of this reduction plan:
1. Reason and purpose of reduction: the company must buy back shares to maintain the company’s value and shareholders’ rights and interests
The purpose has been realized and the subsequent disposal of the repurchased shares has been completed;
2. Method: centralized bidding transaction method is adopted;
3. Number of shares to be reduced and proportion in total share capital: 12578488 shares repurchased, accounting for% of the total share capital of the company
1.4560%；
4. Price range of reduction: determined according to the secondary market price at the time of reduction;
5. Implementation period of share reduction: 15 trading days from the date of announcement of this proposal (i.e. May 13, 2022)
The total number of shares to be reduced within 6 months after the reduction, and within any consecutive 90 natural days, shall not exceed
More than 1% of the total shares of the company. No reduction in the following time:
(1) Within ten trading days before the announcement of the company’s annual report and semi annual report, the public announcement is postponed due to special reasons
If the announcement date is announced, it shall be calculated from the ten trading days before the original appointment 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
During the decision-making process, to the date of disclosure according to law;
(4) Other circumstances prescribed by the CSRC.
6. The purpose of the funds obtained from the reduction is the use arrangement: the funds obtained from the reduction will be used to supplement the working capital required for the company’s business development.
3、 Expected changes in the company’s equity structure after the reduction
At present, the total share capital of the company is 863903951 shares, all of which are circulating shares. The reduction of repurchased shares will not have an impact on the equity structure of the company, and the equity structure of the company will not change before and after the reduction of repurchased shares.
The implementation of this share reduction plan will not lead to changes in the company’s control, ownership structure and sustainable operation.
4、 Analysis of the company’s management on the impact of the reduction of repurchased shares on the company’s operation, finance and future development
The management of the company believes that the reduction and repurchase of shares will not have a significant impact on the company’s operation, finance and future development, and will be conducive to supplementing the working capital used for the company’s various businesses.
5、 The company’s directors, supervisors, controlling shareholders and actual controllers bought and sold the company’s shares within 6 months before the board of directors made the reduction resolution
Through self-examination, the company’s directors, supervisors, senior managers, actual controllers (the proposer of share repurchase), Mr. Wang Tian, the controlling shareholders and their persons acting in concert did not buy or sell the company’s shares within 6 months before the 20th meeting of the 6th board of directors made the resolution on reducing the shares repurchased.
6、 Risk tips
There are uncertain risks in the implementation of the reduction plan. During the reduction period, the company will timely perform the obligation of information disclosure in strict accordance with the stock listing rules of Shenzhen Stock Exchange and the detailed rules for the implementation of share repurchase by listed companies of Shenzhen Stock Exchange.
Please pay attention to investment risks. It is hereby announced.
Better Life Commercial Chain Share Co.Ltd(002251) board of directors April 19, 2002
