Securities code: 002638 securities abbreviation: Dongguan Kingsun Optoelectronic Co.Ltd(002638) Announcement No.: 2022-006 Dongguan Kingsun Optoelectronic Co.Ltd(002638)
Announcement on the progress of phase I ESOP and share reduction plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special tips:
1. As of the date of this announcement, Dongguan Kingsun Optoelectronic Co.Ltd(002638) (hereinafter referred to as “the company”) holds 12736507 shares of the company’s shares in the first phase of the employee stock ownership plan, accounting for 0.85% of the total share capital of the company.
2. During the duration of the employee stock ownership plan, the employee stock ownership plan will reduce the company’s shares as appropriate, and the reduction price shall be determined according to the market price. The reduction methods include block trading or centralized bidding, and the total number of shares reduced shall not exceed 0.85% of the company’s total share capital.
According to the guidance on the pilot implementation of ESOP by listed companies issued by CSRC, the guidelines for information disclosure of listed companies No. 4: ESOP issued by Shenzhen Stock Exchange, and the relevant provisions of the company’s Dongguan Kingsun Optoelectronic Co.Ltd(002638) phase 1 ESOP (Draft), the reduction of shares in the company’s ESOP and subsequent arrangements are as follows:
1、 Basic information of employee stock ownership plan
1. After the establishment of phase I employee stock ownership plan, the company entrusted Huachuang Securities Co., Ltd. (hereinafter referred to as “Huachuang securities”) to manage and fully subscribed for the “Huachuang Qinshang photoelectric employee growth No. 1 directional asset management plan” (hereinafter referred to as “asset management plan”) established by Huachuang securities, The asset management plan holds the company’s shares by subscribing for the shares issued by raising supporting funds during major asset restructuring. In January 2016, the company signed the conditional effective share subscription agreement with the supporting financing subscriber Huachuang securities (on behalf of Qinshang optoelectronics employee growth No. 1 directional asset management plan). The subscription number is 12736507 shares, the subscription price is 5.67 yuan / share, and the lock-in period is 36 months from the date of issuance.
2. The duration of the first phase of the company’s employee stock ownership plan is 48 months, calculated from the time when the subject stock announced by the company is registered under the name of the asset management plan (i.e. from December 1, 2016). In November 2020, after the deliberation and approval of the seventh meeting of the Fifth Board of directors and the second holder meeting of the first phase of employee stock ownership plan, the duration of the first phase of employee stock ownership plan of the company was extended to December 1, 2021 on the basis of the original expiration date. In November 2021, after the deliberation and approval of the 20th meeting of the Fifth Board of directors and the third holder meeting of phase I ESOP, the duration of phase I ESOP of the company was extended to December 1, 2022, and the management mode was changed to self-management of the company.
3. On March 1, 2021, the first phase of the company’s employee stock ownership plan has been lifted and listed for circulation. 4. As of the date of this announcement, the company’s phase I employee stock ownership plan holds 12736507 shares of the company’s shares, accounting for 0.85% of the company’s total share capital, and the company’s shares held have not been sold.
2、 Follow up arrangement of employee stock ownership plan
According to the provisions of the company’s Dongguan Kingsun Optoelectronic Co.Ltd(002638) phase 1 Employee Stock Ownership Plan (Draft), the Management Committee of the company’s phase 1 Employee Stock Ownership Plan held a meeting on January 13, 2022 and fully discussed the reduction of shares and subsequent arrangements in combination with the actual situation of the stock ownership plan, the following opinions are formed:
1. During the duration of the employee stock ownership plan, the employee stock ownership plan will reduce the company’s shares as appropriate, and the reduction price shall be determined according to the market price. The reduction methods include block trading or centralized bidding, and the total number of shares reduced shall not exceed 0.85% of the company’s total share capital.
2. If there are still remaining shares that have not been sold before the expiration of the renewal period, the holder’s meeting and the board of directors may be convened to consider subsequent relevant matters.
3、 Other instructions
1. The company’s ESOP reduction plan will strictly abide by the market trading rules and the provisions of China Securities Regulatory Commission and Shenzhen Stock Exchange on not buying and selling stocks in information sensitive period.
2. The above employee stock ownership plan will decide whether to implement the share reduction plan according to the personal capital needs, market conditions and the company’s share price. There is uncertainty about the reduction time, quantity and price, and whether to complete it on schedule. The company will disclose it according to the progress of the reduction plan. Please pay attention to relevant announcements and pay attention to investment risks.
It is hereby announced.
Dongguan Kingsun Optoelectronic Co.Ltd(002638) board of directors January 13, 2022
