Securities code: 603110 securities abbreviation: New East New Materials Co.Ltd(603110) Announcement No.: 2022-003
New East New Materials Co.Ltd(603110)
Announcement on the reduction plan of shareholders holding more than 5%
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.
Important content tips:
Shareholding of shareholders: as of the date of disclosure of this announcement, fan Jiaju, the shareholder of the company, held 14873804 shares of the company, accounting for 7.39% of the total share capital of the company. The above shares come from the shares before the company’s initial public offering and the shares obtained by converting the company’s equity distribution capital reserve into share capital, which are all tradable shares with unlimited sales conditions. Reduction plan: from January 26, 2022 to January 25, 2023, it is proposed to reduce no more than 14873804 shares of the company, accounting for no more than 7.39% of the total share capital of the company. During the implementation of the reduction plan, in case of ex rights and ex interests of share capital such as dividend distribution, bonus shares, conversion to share capital, issuance of new shares or allotment of shares, the reduction subject may adjust the reduction plan accordingly according to the change of share capital.
Reduction methods: agreement transfer and block trading.
New East New Materials Co.Ltd(603110) (hereinafter referred to as “the company”) recently received the notification letter of share reduction plan from the shareholder fan Jiaju, and now announces the relevant matters as follows:
1、 Basic information of shareholders
1. Name of shareholder: Fan Jiaju, Hong Kong and Macao pass number: h0144559902, Hong Kong ID card: p804532 (5).
2. Total number of shares held by shareholders and source of shares: as of the disclosure date of this announcement, fan Jiaju held 14873804 shares of the company, accounting for 7.39% of the total share capital of the company; The shares come from the shares before the company’s initial public offering and the shares obtained by converting the company’s equity distribution capital reserve into share capital, which are all tradable shares with unlimited sales conditions. 3. The person in action: Zhu Junfei, the ID number is 33260319630305002X. As of the announcement date, Zhu Jun Fei holds 17787840 shares of the company, accounting for 8.84% of the total share capital of the company. The shares come from the shares before the company’s initial public offering and the shares obtained by converting the company’s equity distribution capital reserve into share capital, which are all tradable shares with unlimited sales conditions. Fan Jiaju and Zhu Junfei hold 32661644 shares of the company, accounting for
Securities code: 603110 securities abbreviation: New East New Materials Co.Ltd(603110) Announcement No.: 2022-003
16.23% of the total share capital.
4. Share reduction of shareholders and persons acting in concert in the past 12 months: as of the 12 months before the date of disclosure of this announcement, shareholder fan Jiaju transferred 72240396 shares of the listed company by agreement, accounting for 35.90% of the total share capital of the company. Among them, 60166793 shares of the listed company were transferred to Xu guangbin, accounting for 29.90% of the total share capital of the company; Transfer 12073603 shares of the listed company to Huzhou guozan investment management partnership (limited partnership) (on behalf of guozan robust No. 8 private securities investment fund), accounting for 6.00% of the total share capital of the company. After this equity change, fan Jiaju held 14873804 shares of the company, with the shareholding ratio reduced to 7.39%. Fan Jiaju and Zhu Junfei, who acted in concert, held 32661644 shares of listed companies, accounting for 16.23% of the total share capital of the company. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) published by the company on December 22, 2020 Short form equity change report (fan Jiaju), short form equity change report (Huzhou guozan investment management partnership) and detailed Equity Report (Xu guangbin). (in 2021, the company made equity distribution in 2020, and the change of shares caused by the conversion of capital reserve into share capital has been handled accordingly)
2、 Main contents of this reduction plan
(I) specific arrangements for this reduction
1. Source, quantity and proportion of shares to be reduced this time: Fan Jiaju intends to reduce the shares held by the company before the initial public development and issuance and the shares obtained by converting the company’s equity distribution capital reserve into share capital, and the number of shares to be reduced shall not exceed 14873804, That is, it shall not exceed 7.39% of the total share capital of the company (if there are share changes such as share distribution and capital reserve converted into share capital during the reduction period, the amount shall be handled accordingly).
2. Reduction period: from January 26, 2022 to January 25, 2023.
3. Reduction methods: agreement transfer and block trading. If the shares are reduced through agreement transfer, the proportion of agreement transfer and transfer of the transferee will not be less than 5% (including 5%); If the shares are reduced through block trading, the total number of shares reduced within any consecutive 90 natural days will not exceed 2% of the total share capital of the company.
4. Reduction price: determined according to the market price at the time of reduction.
(II) whether the proposed reduction is consistent with the previously disclosed intentions and commitments of relevant shareholders
1. The shareholders fan Jiaju and Zhu Junfei made the following commitments on their shareholding intention and reduction intention:
(1) Reduction method. After the expiration of the lock up period of the company’s shares held by me, my reduction of the company’s shares held by me shall comply with the requirements of relevant laws and regulations and the rules of the stock exchange. The reduction methods include but are not limited to centralized bidding trading in the secondary market and block trading.
Securities code: 603110 securities abbreviation: New East New Materials Co.Ltd(603110) Announcement No.: 2022-003
(2) Reduction price. The price of the company’s shares held by me shall be determined according to the secondary market price at that time, and shall comply with the requirements of relevant laws and regulations and the rules of the stock exchange; If the company’s shares held by me before the company’s initial public offering are reduced within two years after the expiration of the lock-in period, the reduction price shall not be lower than the issuance price of the issuer’s initial public offering.
(3) Reduction period. I will make independent decisions and choose the opportunity to reduce my holdings in accordance with relevant laws and regulations and the rules of the stock exchange, in combination with the situation of the stock market, the trend of the company’s shares and public information.
(4) Before reducing the company’s shares held by me, I shall make an announcement three trading days in advance, and perform the obligation of information disclosure in a timely and accurate manner in accordance with the rules of the stock exchange.
2. As of the date of this announcement, fan Jiaju and Zhu Junfei, the person acting in concert, strictly abide by the above commitments, and the matters to be reduced this time are consistent with the above disclosed intentions and commitments.
(III) reasons for reduction: own capital demand.
3、 Relevant risk tips
(I) this share reduction plan complies with the relevant provisions of laws, regulations and departmental rules such as several provisions on share reduction by shareholders, directors, supervisors and senior managers of listed companies of China Securities Regulatory Commission, detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shanghai Stock Exchange, and the stock listing rules of Shanghai Stock Exchange.
(II) the reduction plan is independently decided by fan Jiaju according to his own capital needs and will not have a significant impact on the corporate governance structure and future sustainable operation. Fan Jiaju is not the controlling shareholder and actual controller of the company. The implementation of this reduction plan will not lead to changes in the governance structure of the company without actual controller.
(III) during the reduction period, fan Jiaju will choose whether and how to implement the reduction plan according to the market conditions, the company’s share price and other factors. The quantity and price of reduction are uncertain.
(IV) the company will urge the above-mentioned shareholders to abide by relevant laws and regulations during the implementation of the share reduction plan and timely perform the obligation of information disclosure.
4、 Documents for future reference
Notification letter of share reduction plan.
It is hereby announced.
Securities code: 603110 securities abbreviation: New East New Materials Co.Ltd(603110) Announcement No.: 2022-003
New East New Materials Co.Ltd(603110) board of directors January 20, 2022
