Securities code: Jinguan Electric Co.Ltd(688517) securities abbreviation: Jinguan Electric Co.Ltd(688517) Announcement No.: 2022026 Jinguan Electric Co.Ltd(688517)
Announcement on the progress of controlling shareholders’ increase in shares
The board of directors, all directors and relevant shareholders 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:
Basic information of share increase plan: Jinguan Electric Co.Ltd(688517) (hereinafter referred to as “the company”) passed the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 29, 2022 And the designated information disclosure media disclosed the announcement of Jinguan Electric Co.Ltd(688517) on the share increase plan of controlling shareholders (Announcement No.: 2022025). The controlling shareholder of the company Henan Jinguan New Energy Group Co., Ltd. (hereinafter referred to as “Jinguan group”) plans to increase its shares in the company by means allowed by the trading system of Shanghai Stock Exchange (including but not limited to centralized bidding, block trading, etc.) within 6 months from April 28, 2022, The total increase amount shall not be less than RMB 14 million and not more than RMB 28 million.
Progress in the implementation of the shareholding increase plan: as of April 30, 2022, the controlling shareholder of the company, Jinguan group, has increased its shareholding of 1079300 shares in total by means of centralized bidding, accounting for 0.79% of the total shares of the company. The total amount of shareholding increase is RMB 116669 million, which has exceeded 50% of the lower limit of its shareholding increase plan. The shareholding increase plan has not been implemented yet.
There may be a risk that the shareholding increase plan cannot be implemented due to changes in securities market conditions or policy factors.
1、 Basic information of the increased holding subject
(I) name of the increased holding entity: Henan Jinguan New Energy Group Co., Ltd., which is an enterprise controlled by Mr. Fan Chong, the actual controller, chairman and general manager of the company.
(II) before this increase, Jinguan group held 511103 million shares of the company, accounting for 37.55% of the total shares of the company.
(III) within 12 months before the disclosure of this announcement, Jinguan group did not disclose its shareholding increase plan.
2、 Main contents of the shareholding increase plan
(I) purpose of the proposed increase in shares
This share increase plan is based on Jinguan group’s confidence in the company’s future development and recognition of the company’s long-term investment value. At the same time, in order to further promote the sustainable, stable and healthy development of the company, safeguard the interests of the company and all shareholders, stabilize market expectations and enhance investor confidence.
(II) number or amount of shares to be increased this time
The amount of shares to be increased by Jinguan group is not less than 14 million yuan and not more than 28 million yuan.
(III) price of shares to be increased this time
The plan does not set the price range of the increased shares, and will choose the opportunity to increase the shares of the company according to the fluctuation of the company’s stock price and the overall trend of the capital market.
(IV) implementation period of the share increase plan
Considering the market fluctuation, window period, capital arrangement and other factors, in order to ensure the smooth implementation of the share increase plan, the implementation period of the share increase plan is within 6 months from April 28, 2022. During the implementation of the share increase plan, if the trading of the company’s shares is suspended for more than 10 consecutive trading days due to planning major events, the implementation of the share increase plan shall be postponed and disclosed in time after the resumption of trading.
(V) capital arrangement for the proposed increase of shares
Jinguan group plans to increase its shares in the company through its own funds or self raised funds.
(VI) the way to increase shares this time
Jinguan group plans to increase its shares in the company by means allowed by the trading system of Shanghai Stock Exchange (including but not limited to centralized bidding, block trading, etc.).
3、 Implementation progress of shareholding increase plan
As of April 30, 2022, Jinguan group, the controlling shareholder of the company, has increased its holdings of 1079300 shares in total by means of centralized bidding, accounting for 0.79% of the total shares of the company. The total amount of increased holdings is RMB 1166900, which has exceeded 50% of the lower limit of its holdings increase plan. This holdings increase plan has not been implemented yet. Jinguan group will continue to increase its shareholding in the company during the implementation time of the shareholding increase plan in accordance with the relevant shareholding increase plan.
The changes in the number and proportion of shares held by Jinguan group before and after the increase are summarized as follows:
Before this increase, as of April 30, 2022
After the increase subject implements the increase plan
Number of shares held (10000 shares) in total share capital proportion of number of shares held (10000 shares) in total share capital proportion
Henan Jinguan New Energy Group Co., Ltd. 511103 37.55% 521896 38.34%
company
Note: the data tail difference involved in this announcement is caused by data rounding calculation.
4、 Uncertainty risk of the implementation of the shareholding increase plan
The share increase plan has not been implemented yet, and there may be a risk that the share increase plan cannot be implemented due to changes in securities market conditions or policy factors. If there are relevant risks during the implementation of the shareholding increase plan, the company will timely perform the obligation of information disclosure.
5、 Other instructions
(I) commitment of increased holdings
During the implementation of the legal share increase and reduction plan of the listed company and the relevant provisions of the supervision committee of the China Securities Exchange, the company will not strictly abide by the relevant provisions of the stock increase and reduction plan of the listed company during the implementation period.
(II) the implementation of this share increase plan will not lead to the distribution of shares of the company not meeting the listing conditions, the change of the controlling shareholders and actual controllers of the company, and the impact on the corporate governance structure and sustainable operation.
(III) the company will continue to pay attention to the progress of this shareholding increase plan and fulfill the obligation of disclosure in a timely manner in accordance with the provisions of relevant laws, administrative regulations, departmental rules and normative documents, such as the company law, the securities law, the Listing Rules of the science and innovation board of Shanghai Stock Exchange, the administrative measures for the acquisition of listed companies and so on.
It is hereby announced.
Jinguan Electric Co.Ltd(688517) board of directors may 5, 2022
