Securities code: Shanghai Weihong Electronic Technology Co.Ltd(300508) securities abbreviation: Shanghai Weihong Electronic Technology Co.Ltd(300508) Announcement No.: 2022026 Shanghai Weihong Electronic Technology Co.Ltd(300508)
Pre disclosure announcement on the share reduction plan of controlling shareholders and actual controllers
Mr. Tang tongkui, the controlling shareholder and actual controller of the company, guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.
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:
Mr. Tang tongkui, the shareholder holding 30320891 shares of the company (accounting for 33.35% of the total share capital of the company), plans to reduce his holding of no more than 2700000 shares of the company (accounting for 2.9699% of the total share capital of the company). Among them, the reduction through block trading will be carried out within 6 months after 3 trading days from the date of announcement of the reduction plan (May 11, 2022 to November 10, 2022); The reduction through centralized bidding trading will be carried out within 6 months after 15 trading days from the date of announcement of the reduction plan (May 27, 2022 to November 25, 2022).
Shanghai Weihong Electronic Technology Co.Ltd(300508) (hereinafter referred to as " Shanghai Weihong Electronic Technology Co.Ltd(300508) " or "the company") received the notification letter on the share reduction plan from the controlling shareholder and actual controller Mr. Tang tongkui today. The relevant information is hereby announced as follows:
1、 Basic information of shareholders
Name position number of shares (shares) held in the total share capital (%) non tradable shares (shares)
Chairman Tang tongkui 3032089133.35% 7130223
2、 Main contents of this reduction plan
1. Reasons for the proposed reduction: shareholders' own capital needs.
2. Share source: the company's shares held before the company's initial public offering and dividends after listing are transferred to shares. 3. Reduction period: if the reduction is carried out through block trading, it will be carried out within 6 months after 3 trading days from the date of announcement of the reduction plan (May 11, 2022 to November 10, 2022); The reduction through centralized bidding trading will be carried out within 6 months after 15 trading days from the date of announcement of the reduction plan (May 27, 2022 to November 25, 2022).
4. Number of reduction and proportion in the total share capital of the company:
Name unlimited tradable shares (shares) number of shares to be reduced (shares) proportion of shares to be reduced in total share capital (%)
Tang tongkui 713022327 China Vanke Co.Ltd(000002) .9699%
Among them, the total number of shares reduced through centralized bidding trading shall not exceed 1% of the total number of shares of the company within any continuous 90 natural days, and the total number of shares reduced through block trading shall not exceed 2% of the total number of shares of the company within any continuous 90 natural days. (if the company has any share change during the implementation of the reduction plan, such as share distribution, conversion of capital reserve to share capital, the number of shares to be reduced will be adjusted accordingly).
5. Reduction price range: determined according to the market price at the time of reduction.
6. Reduction methods: block trading and centralized bidding.
3、 Commitments and performance of relevant entities of this reduction plan
The relevant share lock-in commitments made by the controlling shareholder Mr. Tang tongkui during the company's initial public offering of shares are as follows:
1. Within 36 months from the date of the company's initial public offering and listing on the gem, I will not transfer or entrust others to manage the company's shares I have held before this offering and listing, the shares I hold in Shanghai linglongjing investment management partnership (limited partnership) and the company's shares I indirectly hold through linglongjing investment (except for some shares publicly offered at the time of the company's initial public offering), Nor does it require the company or linglongjing investment to repurchase the aforesaid shares or shares. 2. When the closing price of the company's shares for 20 consecutive trading days within 6 months after the listing of the company's shares for the first time is lower than the issuing price of the company's shares, or the closing price at the end of 6 months after the listing of the company is lower than the issuing price of the company's shares, the locking period of the above-mentioned locked shares held by me will be automatically extended for 6 months, that is, the locking period is 42 months from the date of the company's current issuance and listing. If the company has had ex right and ex interest matters such as dividend distribution, share distribution and conversion of capital reserve into share capital, the above closing price refers to the price of the company's shares after corresponding adjustment. 3. At the same time, as the chairman of the company, on the premise of complying with the commitments in Items 1 and 2 above, I further promise that during my tenure (after the end of the share lock period), the number of shares of the company I transfer each year will not exceed 25% of the total number of shares of the company I hold directly or indirectly. 4. Within 24 months from the expiration of the lock-up period, if I try to reduce the shares of the company I have directly or indirectly held before this issuance and listing through any means or means, my reduction price shall not be lower than the issuance price of the company's initial public offering. If before I reduce the aforesaid shares, the company has had ex right and ex interest matters such as dividend distribution, share distribution and conversion of capital reserve into share capital, the price of my reduction shall not be lower than the price of the company's initial public offering after corresponding adjustment. 5. No matter whether my position in the company has changed or whether I leave the company, I will strictly fulfill the above commitments.
The commitments of the controlling shareholder and actual controller Mr. Tang tongkui on the reduction intention are as follows:
1. In order to continuously share the operating results of the company, I have the intention to hold shares of the company for a long time.
2. After the expiration of the lock up period of my shares in the company, for my own needs, I may appropriately reduce my shares in the company. In this case, I expect that the reduction of shares within the first year after the expiration of the lock up period will not exceed 25% of the total number of shares of the company I hold, and the reduction price will not be lower than the issuance price of the company's initial public offering. Within the second year after the expiration of the lock up period, the reduction of shares will not exceed 25% of the total number of shares of the company I hold, and the reduction price will not be lower than the issuance price of the company's initial public offering. If the company has ex rights and ex interests matters such as dividend distribution, share distribution and conversion of capital reserve into share capital before I reduce my shares in the company, the price of my reduction shall not be lower than the price of the company's initial public offering after corresponding adjustment.
3. If I intend to reduce the shares of the company, I will announce the reduction plan three trading days before the reduction. Moreover, such reduction will be carried out in accordance with the law through block trading, competitive trading or other methods approved by the CSRC.
As of the date of this announcement, the proposed reduction is consistent with the previously disclosed intentions and commitments. Mr. Tang tongkui strictly fulfilled his commitments and did not violate them.
4、 Relevant instructions and risk tips
1. The reduction plan complies with the company law, the securities law, several provisions on the reduction of shares held by shareholders, directors, supervisors and senior executives of listed companies, the Listing Rules of gem shares of Shenzhen Stock Exchange, and the guidelines for the standardized operation of GEM listed companies of Shenzhen Stock Exchange Relevant provisions of laws, regulations and normative documents such as the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange.
2. The implementation of the share reduction plan will not lead to the change of the control right of the listed company, and will not have a significant impact on the corporate governance structure, equity structure and sustainable operation.
3. The company will timely disclose the progress of the reduction plan in accordance with the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of Listed Companies in Shenzhen Stock Exchange and relevant regulations.
4. The shareholders who intend to reduce their shares this time will decide whether to implement the share reduction plan according to the market conditions and the company's share price. The implementation of the share reduction plan is uncertain.
5、 Documents for future reference
Notification letter on share reduction plan issued by the controlling shareholder.
It is hereby announced!
Shanghai Weihong Electronic Technology Co.Ltd(300508) board of directors may 5, 2022
