Securities code: 688039 securities abbreviation: Hangzhou Arcvideo Technology Co.Ltd(688039) Announcement No.: 2022-002 Hangzhou Arcvideo Technology Co.Ltd(688039)
Announcement on share reduction plan of shareholders holding more than 5%
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 liabilities for the authenticity, accuracy and integrity of its contents according to law. Important content tips:
Basic information of major shareholders
As of the disclosure date of this announcement, Hangzhou Arcvideo Technology Co.Ltd(688039) (hereinafter referred to as "the company") shareholders Beijing Enlight Media Co.Ltd(300251) (hereinafter referred to as " Beijing Enlight Media Co.Ltd(300251) ") hold 6316800 shares of the company, accounting for 7.86% of the total share capital of the company. The above shares are from the shares obtained before the company's IPO, which have been lifted from listing and circulation on December 11, 2020.
Main contents of share reduction plan
In order to improve the asset operation efficiency and optimize the asset structure, Beijing Enlight Media Co.Ltd(300251) plans to reduce the number of shares of the company by means of centralized bidding transaction and / or block transaction, accounting for no more than 1606330 shares, accounting for no more than 2.00% of the total share capital of the company.
Among them, the reduction through centralized bidding will be carried out within 6 months after 15 trading days from the date of announcement and disclosure of the reduction plan. The reduction period is from February 15, 2022 to August 15, 2022, and the total number of shares reduced in any continuous 90 natural days shall not exceed 1.00% of the total number of shares of the company; The reduction through block trading will be carried out within 6 months after 3 trading days from the date of disclosure of the announcement of the reduction plan. The reduction period is from January 21, 2022 to July 21, 2022, and the total number of shares reduced in any continuous 90 natural days shall not exceed 2.00% of the total number of shares of the company. The reduction price shall be determined according to the market price. If during the aforesaid reduction period, the company issues additional shares, pays dividends, gives shares, converts capital reserve into share capital, allots shares and other equity ex rights and ex interests, the number of shares reduced will be adjusted accordingly.
The company recently received the notification letter of share reduction plan issued by Beijing Enlight Media Co.Ltd(300251) and now announces the specific conditions of the share reduction plan as follows:
1、 Basic information of the reducing entity
Number of shares held
Shareholder name shareholder identity shareholding proportion current shareholding source
(shares)
More than 5% non third party
Beijing Enlight Media Co.Ltd(300251) 6316800 7.86% obtained before IPO: 6316800 shares
A major shareholder
The above reduction subjects have no concerted action.
The above shareholders have not reduced their shares since listing.
2、 Main contents of share reduction plan
Planned reduction
Shareholder name plan reduction competitive trading reduction reasonable proposed reduction of shareholding quantity proposed reduction of shareholding reduction method
Source reason of price range during the period of stated holding proportion reduction (shares)
Bidding transaction minus 2022 / 2 / 15 shall be taken according to the market price before IPO, and the capital shall not exceed the holding, not exceeding: ~ Gede property operation light: not exceeding 1606330 shares, 2022 / 8 / 15 efficiency, media 1606,3: 2% block transaction minus 30 shares, No more than: 1606330 shares of production structure
Note: the above reduction through block trading will be conducted within 3 trading days from the date of disclosure of this reduction plan
Within 6 months after the date, i.e. from January 21, 2022 to July 21, 2022.
(I) whether relevant shareholders have other arrangements □ yes √ no
(II) major shareholders' previous opinions on shareholding ratio, shareholding quantity, shareholding period, reduction method, reduction quantity and reduction
Holding price, etc. √ yes □ no
According to the Hangzhou Arcvideo Technology Co.Ltd(688039) initial public offering and listing on the science and Innovation Board
Instructions, Beijing Enlight Media Co.Ltd(300251) promises:
(1) Within 12 months from the date when the issuer's shares are listed and traded on the stock exchange, it shall not transfer or entrust others to manage the shares directly or indirectly held by the company / enterprise that have been issued before the issuer's public offering of shares, nor shall the issuer repurchase such shares.
(2) In accordance with laws and regulations and the business rules of Shanghai Stock Exchange, in case of no reduction of shares, promise not to reduce the shares of the issuer. After the expiration of the lock-in period, it will reduce its holdings in accordance with laws and regulations and the business rules of Shanghai Stock Exchange, and promises not to violate relevant restrictive provisions. When implementing the reduction, it will perform the necessary filing and announcement procedures in accordance with laws and regulations and the business rules of Shanghai Stock Exchange, and shall not reduce its holdings before performing the legal procedures.
(3) If the above commitments are not fulfilled, the company / enterprise will publicly explain the specific reasons for the non fulfillment of the commitments in the shareholders' meeting of the issuer and the newspapers and periodicals designated by the CSRC, and apologize to other shareholders of the issuer and public investors. In case of violation of the above commitments, the proceeds shall belong to the issuer. If the above commitments are not fulfilled, resulting in losses to investors in securities trading, the company / enterprise will compensate investors for losses according to law.
(4) The company will strictly abide by the commitment on share flow restriction and share lock-in in the initial public offering. If it intends to reduce the issuer's shares after the lock-in period of holding the issuer's shares expires, it will reduce its shares by meeting the requirements of relevant laws and regulations and the rules of the stock exchange.
If the company plans to reduce its shares through centralized competitive trading at the stock exchange, it will report to the stock exchange 15 trading days before the first sale, and disclose the reduction plan in advance, which will be filed by the stock exchange.
(5) The total number of shares reduced by the company through centralized bidding trading at the stock exchange within any continuous 90 natural days shall not exceed 1% of the total number of shares of the issuer; If the shares are reduced through block trading, the total number of shares reduced within any consecutive 90 natural days shall not exceed 2% of the total number of shares of the issuer; In case of transfer by agreement, the transfer proportion of a single transferee shall not be less than 5% of the total shares of the company.
The above proportion of shares reduced shall be calculated in combination with the shares of the issuer held by the company and the persons acting in concert of the company.
(6) Before reducing the shares of the issuer held by the company, the company shall make an announcement three trading days in advance, and perform the obligation of information disclosure in a timely, accurate and complete manner in accordance with the rules of the stock exchange.
If the above commitments are not fulfilled, the proceeds from the transfer of relevant shares shall belong to the issuer; If the company fails to fulfill the above commitments (except for uncontrollable objective reasons such as relevant laws and regulations, policy changes, natural disasters and other force majeure), resulting in losses to investors and issuers, the company will compensate for the losses according to law.
The above shares do not include the issuer's shares purchased by the company through the secondary market.
Whether the proposed reduction is consistent with the previously disclosed commitments √ yes □ no
(III) whether it is a non-profit company at the time of listing, and its controlling shareholders, actual controllers, directors, supervisors and senior managers plan to reduce their pre IPO shares □ yes √ no
(IV) other matters required by the exchange
3. No controlling shareholder or actual controller reduces the shares before the initial public offering
Whether the controlling shareholder or actual controller intends to reduce the shares before the IPO □ yes √ no
4、 Relevant risk tips (I) uncertain risks of the implementation of the reduction plan, such as the preconditions and restrictive conditions for the implementation of the plan and the specific circumstances in which the relevant conditions are achieved or eliminated
This share reduction plan is a share reduction carried out by more than 5% of the company's shareholders Beijing Enlight Media Co.Ltd(300251) to improve asset operation efficiency and optimize asset structure, and will not have a significant impact on the corporate governance structure and sustainable operation. During the reduction period, Beijing Enlight Media Co.Ltd(300251) will choose whether to implement and how to implement the reduction plan according to market conditions, the company's stock price and other factors. There are uncertainties in the implementation of the reduction plan, such as reduction time, reduction quantity, reduction price and so on. (II) whether the implementation of the reduction plan may lead to the risk of change in the control of the listed company □ yes √ no (III) other risk tips
The reduction plan complies with the provisions of laws, regulations and normative documents such as several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the Listing Rules of science and Innovation Board of Shanghai Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shanghai Stock Exchange. During the period when the shareholders Beijing Enlight Media Co.Ltd(300251) reduce their shares of the company, the company will strictly abide by the provisions of relevant laws and regulations and the articles of association and timely perform the obligation of information disclosure. Please pay attention to investment risk and rational investment.
It is hereby announced.
Hangzhou Arcvideo Technology Co.Ltd(688039) board of directors January 18, 2022
