Stock abbreviation: Xinlun New Materials Co.Ltd(002341) Stock Code: 002341 Announcement No.: 2022-003 Xinlun New Materials Co.Ltd(002341)
Announcement on the progress of increasing the company’s shares held by the chairman and President of the company and the enterprises controlled by them and the management 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.
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Basic information of share increase plan: Xinlun New Materials Co.Ltd(002341) (hereinafter referred to as “the company”) disclosed the announcement on the company’s chairman, President and enterprises under their control plan to increase their shares in the company (Announcement No.: 2021-092) and the announcement on the company’s management plan to increase their shares in the company (Announcement No.: 2021-093) on October 14, 2021. Based on the confidence in the company’s future development prospects and recognition of the company’s value, the chairman and President of the company, Mr. Liao Yao, and the enterprise controlled by him, Shenzhen Shangyuan Capital Management Co., Ltd., intend to increase the company’s shares through the trading system of Shenzhen Stock Exchange in the next six months, with a total increase of no less than RMB 20 million, Mr. Li Jingbin, director and executive vice president of the company, Mr. Li Hongliu, director and vice president and Secretary of the board of directors, Mr. Shi dongyiyuan, director and vice president, Mr. Li Hongliang, vice president, Mr. Yang Dong, chief financial officer, Mr. Chen Desheng, chief audit officer, Mr. Cui Jinshan The president assisted Mr. Xu Shiying (hereinafter referred to as the “management personnel”) to increase the company’s shares through the trading system of Shenzhen Stock Exchange in the next six months, with a total increase of no less than RMB 2.95 million.
Progress in the implementation of the shareholding increase plan: as of January 13, 2022, more than half of the period of the shareholding increase plan, the above-mentioned shareholding increase subjects have accumulated 200000 shares of the company through centralized bidding through the trading system of Shenzhen Stock Exchange, accounting for 0.017% of the total share capital of the company, with an increase amount of RMB 1056000. The share increase plan has not been implemented yet.
1、 Basic information of increased holding subjects
(I) increased shareholding subject: Mr. Liao Yao, chairman and President of the company, and the enterprise controlled by him, Shenzhen Shangyuan Capital Management Co., Ltd. and the management personnel of the company.
(II) shares held by the increase subject: before the implementation of this increase, the increase subject did not directly hold shares of the company.
2、 Main contents of share increase plan
(I) the purpose of this share increase plan: Based on the confidence in the future sustainable development of the company and the recognition of the long-term investment value of the company.
(II) the amount of this share increase plan: the total amount of this share increase of the chairman Mr. Liao Yao and his controlled enterprise Shenzhen Shangyuan Capital Management Co., Ltd. shall not be less than RMB 20 million; The total amount of this increase of shares held by the company’s management personnel shall not be less than RMB 2.95 million.
(III) price of this share increase plan: no price range is set in this share increase plan. The increase subject gradually implements the share increase plan based on the reasonable judgment of the company’s stock value and according to the company’s stock price fluctuation and the overall trend of the capital market.
(IV) duration of this shareholding increase plan: the shareholding increase plan shall be completed within six months from October 14, 2021. During the implementation of the increase plan, if the trading of the company’s shares is suspended, the increase period can be postponed, and the company will perform the obligation of information disclosure in time.
(V) capital arrangement of this share increase plan: self owned or self raised funds.
3、 Uncertainty risk of the implementation of the shareholding increase plan
The implementation of the share increase plan may have the risk that the share increase plan cannot meet the expectations due to changes in the capital market; There may be a risk that the implementation of the shareholding increase plan will be delayed or impossible due to the failure of the shareholding increase funds to be in place in time. If the above risks occur during the implementation of the shareholding increase plan, the company will timely perform the obligation of information disclosure.
4、 Implementation progress of shareholding increase plan
As of January 13, 2022, the management of the company has accumulatively increased its holdings of 200000 shares of the company through centralized bidding trading in Shenzhen Stock Exchange, accounting for 0.017% of the total share capital of the company. The average increase price is 5.28 yuan / share, and the increase amount is 1.056 million yuan.
5、 Other instructions
1. This increase complies with the securities law and other laws and regulations, departmental rules and the business rules of Shenzhen Stock Exchange.
2. The above-mentioned increase holders promise not to reduce their shares of the company during the increase period and within 12 months after the completion of the increase plan.
3. This increase will not lead to changes in the controlling shareholders and actual controllers of the company, and will not lead to the company’s equity distribution not meeting the listing conditions.
4. The company will continue to pay attention to the subsequent increase of the company’s shares held by the above-mentioned additional holders, and timely perform the obligation of information disclosure in accordance with relevant regulations.
It is hereby announced.
Xinlun New Materials Co.Ltd(002341) board of directors January 14, 2002
