Jiangxi Copper Company Limited(600362)
Explanation on the stock price fluctuation of Jiangxi Jiangxi Jiangxi Copper Foil Technology Co., Ltd., the subsidiary to be spun off, before the disclosure of relevant announcements on listing
Jiangxi Copper Company Limited(600362) (hereinafter referred to as “the company”) intends to spin off its subsidiary Jiangxi Jiangxi Jiangxi Jiangxi Copper Foil Technology Co., Ltd. (hereinafter referred to as “Jiangxi copper foil”) to be listed on the gem (hereinafter referred to as “the spin off”). The company held the 10th meeting of the 9th board of directors on May 20, 2022 to consider matters related to the spin off and announced it on May 23, 2022. The board of Directors hereby explains the fluctuation of the company’s shares before the announcement as follows:
Jiangxi Copper Company Limited(600362) held the board of directors on May 20, 2022 to consider the issue of splitting Jiangxi copper foil for listing. The interval for calculating the cumulative rise and fall in the 20 trading days before the resolution date of the board of directors is from April 19, 2022 to May 19, 2022. The base date for calculating the rise and fall is the 21st trading day before the resolution date of the board of directors (April 18, 2022). The cumulative rise and fall of Jiangxi Copper Company Limited(600362) stocks ( Jiangxi Copper Company Limited(600362) . SH), Shanghai Stock Index ( Ping An Bank Co.Ltd(000001) . SH), wind metals, non metals and mining (Code: 882205. WI) are as follows:
Rise and fall on April 18, 2022 and May 19, 2022
Share price of listed companies (yuan / share) 19.72 17.20 – 12.78%
Shanghai Composite Index closing index (point) 319552309696 – 3.08%
Wind metal, nonmetal and mining index (point) 41 Guizhou Sanli Pharmaceutical Co.Ltd(603439) 7765 – 4.39%
Excluding the impact of market factors, it rose or fell by – 9.69%
Excluding the influence of the same industry sector, it rose or fell by – 8.39%
The cumulative increase of the company’s stock price in the range of 20 trading days before the resolution date of the board of directors is – 12.78%, not more than 20%; After excluding the influence of market factors (refer to Shanghai Stock Index) and industry sector factors (refer to wind metal, non-metal and mining), the cumulative increase of the company’s share price in the 20 trading days before the resolution date of the board of directors was – 9.69% and – 8.39% respectively, none of which exceeded 20%.
Therefore, the company’s stock price has no abnormal fluctuation within 20 trading days before the announcement of this plan.
Jiangxi Copper Company Limited(600362) board of directors
February 23, 2025
