Securities code: Xiamen Intretech Inc(002925) securities abbreviation: Xiamen Intretech Inc(002925) Announcement No.: 2022071 Xiamen Intretech Inc(002925)
Announcement on the progress of repurchasing shares of the company
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.
Xiamen Intretech Inc(002925) (hereinafter referred to as “the company”) held the 19th meeting of the 4th board of directors and the 20th meeting of the 4th board of directors on March 16, 2022 and March 17, 2022 respectively, and deliberated and adopted the proposal on the company’s share repurchase scheme by means of centralized bidding and the proposal on adjusting the upper limit of share repurchase price, It is agreed that the company will use its own funds to buy back the company’s shares through centralized competitive trading in the secondary market for employee stock ownership plan or equity incentive. The total amount of this repurchase shall not be less than RMB 100 million (inclusive) and not more than RMB 200 million (inclusive), and the repurchase price shall not exceed RMB 33.00/share (inclusive). The implementation period of the repurchase of shares shall be within 12 months from the date when the board of directors deliberates and approves the share repurchase plan. For details, please refer to the company’s statements in the securities times, China Securities Journal and cninfo.com on March 17, 2022 and March 19, 2022（ http://www.cn.info.com.cn. ）The announcement on the company’s plan to repurchase shares by means of centralized bidding (Announcement No.: 2022030), repurchase report (Announcement No.: 2022032), announcement on adjusting the upper limit of share repurchase price (Announcement No.: 2022038) and other relevant announcements disclosed.
1、 Progress of share repurchase
According to the relevant provisions of Shenzhen Stock Exchange self regulatory guidelines for listed companies No. 9 – repurchase of shares (hereinafter referred to as “self regulatory guidelines No. 9”), the listed company shall disclose the repurchase progress as of the end of last month within the first three trading days of each month. The progress of this share repurchase is hereby announced as follows:
As of April 30, 2022, the company has repurchased 5073262 shares of the company through the special securities account for share repurchase through centralized bidding transaction, accounting for 0.6481% of the current total share capital of the company. The maximum transaction price is 25.97 yuan / share, the minimum transaction price is 18.97 yuan / share, and the total transaction amount is 11511392491 yuan (excluding transaction costs). This repurchase complies with the requirements of relevant laws and regulations and the established repurchase plan.
2、 Other instructions
The time, number and price of shares repurchased by the company and the entrusted period of centralized bidding transaction comply with the relevant provisions of Articles 17, 18 and 19 of the self regulatory guidelines No. 9. 1. The company has not repurchased its shares during the following periods:
(1) If the announcement date is delayed due to special reasons within 10 trading days before the announcement of the company’s annual report and semi annual report, it shall be calculated from the 10 trading days before the original scheduled 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 stock trading price of the company or in the process of decision-making to the date of disclosure according to law.
(4) Other circumstances prescribed by the CSRC and Shenzhen Stock Exchange.
2. The cumulative trading volume of the company’s shares in the five trading days before the date of the company’s first share repurchase (March 17, 2022) was 12572300 shares. The number of shares repurchased by the company every five trading days does not exceed 25% of the cumulative trading volume of the company’s shares in the five trading days before the date of the first share repurchase.
3. The company has not entrusted to buy back shares at the following trading hours:
(1) Opening call auction.
(2) Within half an hour before the closing.
(3) There is no limit on the rise and fall of stock prices.
The price of shares repurchased by the company is lower than the price limited by the trading increase of the company’s shares on the same day.
4. The company will continue to implement the repurchase plan according to the market conditions in the future, and will timely perform the obligation of information disclosure according to the provisions of relevant laws, regulations and normative documents during the repurchase period. Please pay attention to the investment risks.
It is hereby announced.
Xiamen Intretech Inc(002925) board of directors
May 5, 2022
