Securities code: Sinoseal Holding Co.Ltd(300470) securities abbreviation: Sinoseal Holding Co.Ltd(300470) Announcement No.: 2022027 Sinoseal Holding Co.Ltd(300470)
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.
Sinoseal Holding Co.Ltd(300470) (hereinafter referred to as “the company”) held the 5th meeting of the 5th board of directors and the 5th meeting of the 5th board of supervisors on April 24, 2022, deliberated and adopted the proposal on share repurchase of the company respectively, and agreed that the company would use its own funds to repurchase the issued RMB common shares (A shares) of the company through centralized bidding trading of Shenzhen Stock Exchange (hereinafter referred to as “the repurchase”), Subsequently, the repurchased shares will be used for equity incentive or employee stock ownership plan. The total capital of this repurchase shall not be less than RMB 100 million and not more than RMB 200 million (including this amount), and the repurchase price shall not exceed RMB 45.00/share. The specific number of shares to be repurchased shall be subject to the actual number of shares to be repurchased at the end of the repurchase. The implementation period of this share repurchase 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 announcement on share repurchase plan of the company (Announcement No.: 2022025) disclosed by the company on cninfo.com on April 26, 2022 and the repurchase report (Announcement No.: 2022026) disclosed on April 27, 2022.
1、 Details of the first repurchase of the company’s shares
According to the rules on share repurchase of listed companies, the guidelines for self discipline supervision of listed companies of Shenzhen Stock Exchange No. 9 – share repurchase and other relevant provisions, the company shall disclose the fact of the first share repurchase on the next day. Now the information of the company’s first share repurchase is announced as follows:
On April 29, 2022, the company implemented the first repurchase through the special securities account for share repurchase in the form of centralized bidding transaction. The number of shares repurchased was 98700, accounting for 0.0474% of the company’s total share capital. The highest transaction price was 33.55 yuan / share, the lowest transaction price was 33.18 yuan / share, and the total transaction amount was 3294628 yuan (excluding transaction costs). This repurchase meets the requirements of the company’s repurchase plan and relevant laws and regulations.
2、 Other instructions
(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, as follows:
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 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 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 date of the first share repurchase (April 29, 2022) (April 22, 2022 to April 28, 2022) was 9106734 shares. The number of shares repurchased by the company every five trading days does not exceed 25% (i.e. 2276683 shares) of the cumulative trading volume of the company’s shares in the five trading days before the date of the first repurchase of shares
3. The company’s share repurchase through centralized bidding transaction meets the following requirements:
(1) The entrustment price shall not be the price limited by the trading increase of the company’s shares on the same day;
(2) No entrustment of share repurchase shall be made within the opening call auction of Shenzhen Stock Exchange, half an hour before the closing and within the trading day when the stock price has no limit on rise or fall;
(3) Other requirements stipulated by the CSRC and Shenzhen Stock Exchange.
The price of the company’s shares repurchased this time is lower than the price limited by the trading increase of the company’s shares on the same day.
(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 in accordance with the provisions of relevant laws, regulations and normative documents during the repurchase period. Please pay attention to investment risks.
It is hereby announced.
Sinoseal Holding Co.Ltd(300470) board of directors may 4, 2002
