Securities code: Victory Giant Technology (Huizhou)Co.Ltd(300476) securities abbreviation: Victory Giant Technology (Huizhou)Co.Ltd(300476) Announcement No.: 2022035 Victory Giant Technology (Huizhou)Co.Ltd(300476) (Huizhou) Co., Ltd
Announcement on initial repurchase of 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.
Victory Giant Technology (Huizhou)Co.Ltd(300476) (Huizhou) Co., Ltd. (hereinafter referred to as “the company”) held the second meeting of the Fourth Board of directors on April 27, 2022, deliberated and adopted the proposal on share repurchase plan of the company. The company plans to use its own funds to repurchase some shares of the company in the form of centralized bidding transaction for the implementation of equity incentive or employee stock ownership plan. The total amount of funds used for this repurchase shall not be less than RMB 150 million (including this amount) and not more than RMB 300 million (including this amount). The specific amount of shares repurchased shall be subject to the actual amount repurchased when the repurchase is completed. The implementation period of this repurchase is within 12 months from the date when the board of directors of the company deliberates and approves the share repurchase plan. For details, please refer to the announcement on share repurchase plan of the company (Announcement No.: 2022029) and repurchase report (Announcement No.: 2022033) disclosed by the company on cninfo.com. In accordance with the relevant provisions of the share repurchase rules of listed companies and the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 – share repurchase, the company’s initial share repurchase is hereby announced as follows: I. specific conditions of the company’s initial share repurchase
On April 29, 2022, the company implemented the first repurchase. The number of shares repurchased by the company for the first time through centralized bidding transaction is 2651600 shares, accounting for 0.31% of the current total share capital of the company. The minimum transaction price is 16.30 yuan / share, the maximum transaction price is 17.30 yuan / share, and the total amount paid is 4488571600 yuan (excluding transaction fee), This repurchase meets the requirements of the company’s repurchase plan and relevant laws and regulations.
2、 Other notes (I) the time of the company’s first share repurchase, the number of shares repurchased, the entrusted period of centralized bidding transaction and the transaction price comply with Articles 17, 18 and 19 of the guidelines for self discipline supervision of listed companies on Shenzhen Stock Exchange No. 9 – share repurchase and the relevant provisions of the company’s share repurchase plan.
1. The company has not repurchased its shares within 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 10 trading days before the original scheduled announcement date;
(2) Within 10 trading days before the announcement of the company’s quarterly report, performance forecast or 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 in the process of decision-making to the date of disclosure according to law; (4) Other circumstances prescribed by the CSRC.
2. The cumulative trading volume of the company’s shares in the five trading days before the implementation date of the company’s initial share repurchase (April 29, 2022) was 57070684 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 repurchase of shares by the company meets the following requirements: (1) the entrusted price shall not be the price limited by the trading increase of the company’s shares on the same day; (2) It is not allowed to entrust the share repurchase within the opening call auction, half an hour before the closing and the trading day when the stock price has no limit on the rise and fall of the stock price; (3) Other requirements stipulated by the CSRC and Shenzhen Stock Exchange. (II) the company will continue to implement the repurchase plan during the repurchase period according to the market conditions, 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.
Board of directors of Victory Giant Technology (Huizhou)Co.Ltd(300476) (Huizhou) Co., Ltd
May 5, 2022
