Securities code: Meihua Holdings Group Co.Ltd(600873) securities abbreviation: Meihua Holdings Group Co.Ltd(600873) Announcement No.: 2022034 Meihua Holdings Group Co.Ltd(600873)
Announcement on the proposal of the controlling shareholder to repurchase shares
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 individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Meihua Holdings Group Co.Ltd(600873) (hereinafter referred to as "the company") the board of directors received the letter on proposing to repurchase shares and increase temporary proposals from the controlling shareholder Mr. Meng Qingshan on May 20, 2022, with the specific contents as follows:
1、 Reasons and purpose of the proposed share repurchase
In view of the completion of the previous repurchase plan, in response to the policy call, based on the confidence in the future development of the company and the recognition of the company's value, and after comprehensive consideration of the company's operation, financial status and other factors, it is proposed that the company repurchase the company's shares with its own funds for cancellation and reduction of registered capital.
2、 Type, purpose, method, price range, quantity and amount of repurchased shares
1. Types of shares proposed to be repurchased
RMB ordinary shares (A shares) issued by the company.
2. Purpose of the proposed share repurchase
The repurchased shares are used for cancellation and reduce the registered capital.
3. Way of proposing share repurchase
Buy back social public shares from the secondary market by means of centralized bidding transaction.
4. Price range of shares proposed to be repurchased
It is proposed that the price of the shares repurchased this time shall not exceed RMB 12 / share. The specific repurchase price shall be determined by the board of directors of the company in combination with the stock price, financial status and operating conditions of the company during the implementation of the repurchase.
5. Number of shares proposed to be repurchased and its proportion in the total share capital of the company
Under the condition that the total amount of repurchase funds is not less than 80 million yuan (inclusive) and not more than 1 million yuan (inclusive), the total number of repurchased shares does not exceed 10% of the total issued shares of the company, and the price of repurchased shares does not exceed 12 yuan / share, assuming that the maximum amount of funds is 1 million yuan and the share price is 12 yuan / share, the number of repurchased shares is expected to be about 833333 million shares, Accounting for about 2.69% of the company's current total share capital of 3098619928 shares. The specific number of shares to be repurchased shall be subject to the actual number of shares to be repurchased at the expiration of the repurchase period.
6. Total amount of funds proposed to repurchase shares
The total repurchase funds shall not be less than RMB 80 million (inclusive) and not more than RMB 1 million (inclusive). The specific total amount of repurchase funds shall be subject to the total amount of funds actually used for repurchase at the expiration of the repurchase period.
3、 Description of the purchase and sale of the company's shares six months before the proposal and whether there is any increase or decrease in holdings during the repurchase period
The proposer did not buy or sell the shares of the company within six months before the proposal. The proposer, Mr. Meng Qingshan, holds 854103033 shares of the company, and there is no reduction plan for these shares during the repurchase period.
4、 The proposer will promote the company to convene the board of directors and shareholders' meeting as soon as possible to consider the share repurchase, and promise to vote in favor of the company's share repurchase proposal.
5、 Opinions of the board of directors on the share repurchase proposal and subsequent arrangements
The company held the 31st meeting of the 9th board of directors on May 22, 2022, deliberated and adopted the proposal on repurchase of company shares by centralized bidding transaction. For details, please refer to the website of Shanghai Stock Exchange on the same day http://www.sse.com.cn. Disclosed the announcement on the resolution of the 31st meeting of Meihua Holdings Group Co.Ltd(600873) the ninth board of directors (Announcement No.: 2022035), and submitted the proposal to the 2021 annual general meeting of shareholders for deliberation.
6、 Documents for future reference
1. Letter on the proposal to buy back shares and increase temporary proposals
It is hereby announced.
Meihua Holdings Group Co.Ltd(600873) board of directors may 22, 2002
