Securities code: 603017 securities abbreviation: Arts Group Co.Ltd(603017) Announcement No.: 2022-004 Arts Group Co.Ltd(603017)
Announcement on the results of share repurchase of the company
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.
1、 Repurchase approval and repurchase plan content
Arts Group Co.Ltd(603017) (hereinafter referred to as “the company”), at the fourth meeting of the Fourth Board of directors held on January 12, 2021, deliberated and adopted the proposal on the plan for repurchase of the company’s shares by means of centralized bidding transaction, and agreed that the company would use its own funds to repurchase the company’s shares by means of centralized bidding transaction for equity incentive or employee stock ownership plan. The price of the shares to be repurchased this time shall not exceed RMB 12.00/share, and the total repurchase funds shall not be less than RMB 20 million and not more than RMB 40 million. The repurchase period is 12 months from the date when the board of directors deliberates and approves the repurchase plan. For details of this share repurchase, please refer to the company’s website (www.sse. Com. CN.) of Shanghai Securities Journal, China Securities Journal and Shanghai Stock Exchange on January 19, 2021 The report on share repurchase through centralized bidding transaction (Announcement No.: 2021-006) disclosed.
The main contents of the share repurchase plan: the company repurchases the company’s shares with its own funds through centralized bidding transaction. The purpose of the shares repurchased this time is to implement the equity incentive plan or employee stock ownership plan. The total amount of repurchase funds shall not be less than RMB 20 million and not more than RMB 40 million, the repurchase price shall not exceed RMB 12.00/share, and the period of share repurchase shall be within 12 months from the date when the board of directors deliberates and approves the repurchase plan (January 12, 2021 – January 11, 2022).
2、 Implementation of repurchase
(I) on January 20, 2021, the company implemented the first repurchase through centralized bidding transaction, and disclosed the announcement on the first repurchase of company shares by centralized bidding transaction (Announcement No.: 2021-008) on January 21, 2021.
(II) on January 11, 2022, the company’s repurchase period expires and the company’s share repurchase plan has been implemented. The company has actually repurchased 2449248 shares, accounting for 0.88% of the company’s total share capital. The highest transaction price is 9.53 yuan / share, the lowest transaction price is 7.95 yuan / share, and the total transaction amount is 22473028.56 yuan (excluding transaction expenses).
(III) the share repurchase plan has been implemented, and there is no difference between the actual implementation of the repurchase plan and the original disclosed repurchase plan.
(IV) impact of the implementation of the share repurchase plan on the company
The repurchase will not have a significant impact on the company’s business activities, financial status and future development. The implementation of the share repurchase plan will not lead to the company’s equity distribution not meeting the listing conditions.
3、 Shares bought and sold by relevant entities during the repurchase period
On January 21, 2021, the company disclosed the repurchase of shares for the first time. For details, see the announcement on the first repurchase of shares of the company by means of centralized bidding transaction (Announcement No.: 2021-008). From the date when the company first disclosed the share repurchase plan to the disclosure date of this announcement, the company’s directors, supervisors, senior managers, controlling shareholders and their persons acting in concert and actual controllers bought and sold the company’s shares during this period are as follows:
Ms. Li Zheng, deputy general manager of the company, sold 35000 shares of the company’s shares in her stock account on July 12, 2021 and July 13, 2021, with an average transaction price of 10.44 yuan / share, and bought 30000 shares of the company’s shares on July 14, 2021, with an average transaction price of 10.43 yuan / share. For details, see the announcement on short-term trading of company shares by senior executives of the company (Announcement No.: 2021-042). Mr. Fu Weidong, the employee supervisor of the company, increased 15000 shares of the company with his own funds through the centralized bidding trading system of Shanghai Stock Exchange, with an increase amount of 124495.00 yuan. For details, see the announcement on the increase of shares of the company by supervisors (Announcement No.: 2021-062).
In addition, the company’s directors, supervisors, senior managers, controlling shareholders and their persons acting in concert and actual controllers did not buy or sell the company’s shares from the date when the company disclosed the share repurchase plan to the date when the announcement of the implementation results of share repurchase was issued.
4、 Changes in shares
Before and after the share repurchase, the changes of the company’s shares are as follows:
Before and after repurchase
Nature of shares
Number of shares (shares) proportion (%)
Tradable shares with limited sales conditions 3506901 1.27 2009494 0.72
Before and after repurchase
Nature of shares
Number of shares (shares) proportion (%)
Tradable shares without sale conditions 273300827 98.73 276505234 99.28
Including: special securities account for repurchase 2381000 0.86 4830248 1.73
Total shares 276807728 100.00 278514728 100.00
Note: 1. The 23rd Meeting of the third board of directors held on April 28, 2020 considered and adopted the proposal on the achievement of the unlocking conditions of restricted shares in the second phase of the company’s 2018 stock option and restricted stock incentive plan and the compliance with the exercise conditions in the second exercise period of options, The board of Directors believes that the conditions for unlocking restricted shares in the second phase of the 2018 stock option and restricted stock incentive plan have been met, and the conditions for unlocking restricted shares in the second phase of the 56 incentive objects in the restricted stock plan have been met. The number of shares unlocked this time is 1497407, and has been listed and circulated on January 25, 2021. (see the relevant announcement on January 19, 2021 for details) 2. On April 28, 2020, the 23rd Meeting of the third board of directors of the company considered and approved the proposal on the achievement of the unlocking conditions of restricted shares in the second phase of the company’s 2018 stock option and restricted stock incentive plan and the compliance with the exercise conditions in the second exercise period of options, In the company’s 2018 stock option and restricted stock incentive plan, 166 incentive objects exercised for the first time during the second exercise period of stock options, and the number of exercise shares totaled 1707000 shares, which were listed and circulated on July 22, 2021.
5、 Disposal arrangements for repurchased shares
The total number of shares repurchased by the company this time is 2449248. The purpose of the shares repurchased by the company this time is equity incentive or employee stock ownership plan. The company will grant and transfer shares in accordance with the provisions of relevant laws and regulations such as share repurchase and equity incentive. If the company fails to implement the above purposes within 36 months after the completion of share repurchase, all the repurchased shares will be cancelled.
It is hereby announced.
Arts Group Co.Ltd(603017) board of directors January 12, 2022
