Securities code: Shanghai Gentech Co.Ltd(688596) securities abbreviation: Shanghai Gentech Co.Ltd(688596) Announcement No.: 2022027 Shanghai Gentech Co.Ltd(688596)
Announcement on the first repurchase of shares of the company by means of centralized bidding transaction and the progress of repurchase
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
Important content tips:
On April 29, 2022, Shanghai Gentech Co.Ltd(688596) (hereinafter referred to as “the company”) repurchased 110000 shares of the company for the first time through the trading system of Shanghai stock exchange through centralized bidding, accounting for 0.0429% of the total share capital of 256500000 shares of the company. The highest price of the repurchase transaction was 15.67 yuan / share and the lowest price was 15.15 yuan / share, The total amount of funds paid is RMB 171677974 (excluding stamp duty, transaction commission and other transaction expenses).
1、 Basic information of repurchased shares
On March 28, 2022, the company held the ninth meeting of the third board of directors, deliberated and approved the proposal on repurchase of shares of the company by means of centralized bidding transaction, and agreed that the company would use its own funds or self raised funds to repurchase shares of the company by means of centralized bidding transaction, with the total repurchase funds not less than 80 million yuan (inclusive) and not more than 120 million yuan (inclusive), The repurchase price shall not exceed 33.1 yuan / share (inclusive), and the repurchase period shall be within 12 months from the date when the board of directors deliberates and approves the repurchase plan. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com.) on March 29, 2022 and April 7, 2022 respectively The announcement of Shanghai Gentech Co.Ltd(688596) on the plan of repurchasing the company’s shares by means of centralized bidding transaction (Announcement No.: 2022012) and the report of Shanghai Gentech Co.Ltd(688596) on repurchasing the company’s shares by means of centralized bidding transaction (Announcement No.: 2022015) disclosed.
2、 Basic information and progress of share repurchase for the first time
In accordance with the rules on share repurchases of listed companies, self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchases and other relevant provisions, the company’s initial share repurchases are hereby announced as follows:
On April 29, 2022, the Company repurchased 110000 shares of the company for the first time through the trading system of Shanghai stock exchange through centralized bidding, accounting for 0.0429% of the total share capital of 256500000 shares of the company. The highest price of the repurchase transaction was 15.67 yuan / share, the lowest price was 15.15 yuan / share, and the total amount of funds paid was 171677974 yuan (excluding stamp duty, transaction commission and other transaction expenses).
According to the relevant provisions of the share repurchase rules of listed companies and the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchase, the company shall announce the progress of share repurchase as of the end of last month within the first three trading days of each month during the period of share repurchase. By the end of April 2022, the progress of the company’s share repurchase is the same as above.
This share repurchase complies with the provisions of laws and regulations and the company’s share repurchase plan.
3、 Other matters
The company will, in strict accordance with the share repurchase rules of listed companies, the self regulatory guidelines for listed companies of Shanghai Stock Exchange No. 7 – share repurchase and other relevant provisions and the company’s share repurchase plan, make and implement the repurchase decision according to the market conditions during the repurchase period, and timely fulfill the obligation of information disclosure according to the progress of share repurchase. Please pay attention to the investment risks.
It is hereby announced.
Shanghai Gentech Co.Ltd(688596) board of directors may 5, 2022
