Securities code: Shenzhen Aoto Electronics Co.Ltd(002587) securities abbreviation: Shenzhen Aoto Electronics Co.Ltd(002587) Announcement No.: 2022049 Shenzhen Aoto Electronics Co.Ltd(002587)
Announcement on initial share repurchase
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete without false records, misleading statements or major omissions.
Shenzhen Aoto Electronics Co.Ltd(002587) (hereinafter referred to as "the company") deliberated and adopted the proposal on share repurchase by centralized bidding at the fourth meeting of the Fifth Board of directors held on April 27, 2022, and agreed that the company would repurchase the company's shares with its own funds of no less than RMB 10 million (inclusive), no more than RMB 20 million (inclusive) and the maximum repurchase price of RMB 5.00/share for equity incentive plan or employee stock ownership plan; The implementation period of share repurchase shall not exceed 6 months from the date when the board of directors deliberates and approves the share repurchase plan. According to the company's announcement on share repurchase scheme by means of centralized bidding and repurchase report, if the company has matters such as conversion of capital reserve into share capital, distribution of shares or cash dividends, stock subdivision, reduction of shares, allotment of shares, or issuance of share warrants during the repurchase period, the upper limit of share repurchase price shall be adjusted accordingly according to relevant regulations from the date of ex right and ex dividend of share price. The equity distribution plan of the company in 2021 has been implemented, and the adjusted upper limit of share repurchase price is 49501736 yuan / share.
For details of the above matters, see the company's designated information disclosure media securities times and cninfo.com (www.cn. Info. Com. CN) on April 29, April 30, 2022 and May 9, 2022 respectively The disclosed announcement on share repurchase scheme by centralized bidding (Announcement No.: 2022040), report on share repurchase (Announcement No.: 2022043) and announcement on adjusting the price and quantity of share repurchase after the implementation of equity distribution in 2021 (Announcement No.: 2022046).
In accordance with the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 - share repurchase and other relevant provisions, the company's initial repurchase of A-Shares and the progress of repurchase are hereby announced as follows:
1、 Details of initial repurchase of shares of the company
On May 18, 2022, the Company repurchased the company's shares through the special securities account for stock repurchase for the first time in the form of centralized bidding transaction. The number of repurchased shares was 431900 shares, accounting for 0.0662% of the total issued share capital of the company, of which the highest transaction price was 4.05 yuan / share and the lowest transaction price was 4.00 yuan / share. The total amount paid was 174360000 yuan (excluding transaction costs).
2、 Other instructions
The company's initial share repurchase complies with the company's share repurchase plan and relevant provisions such as self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 9 - share repurchase.
1. The company did not repurchase shares during 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 number of shares repurchased by the company for the first time on May 18, 2022 was 431900 shares, which did not exceed 25% (i.e. 10838008 shares) of the company's cumulative trading volume of 43352032 shares in the five trading days before the date of the first repurchase of shares (from May 11, 2022 to May 17, 2022).
3. The company has not entrusted to buy back shares at the following trading hours
(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 the 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 initial repurchase of shares did not reach the price limited by the trading increase on that day. The implementation of the company's initial share repurchase complies with the established plan. The company will implement the repurchase plan within the repurchase period according to the market conditions, and fulfill the obligation of information disclosure in time according to relevant regulations. Please pay attention to the investment risks. It is hereby announced.
Shenzhen Aoto Electronics Co.Ltd(002587) board of directors
May 19, 2002
