Securities code: 000707 securities abbreviation: Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) Announcement No.: 2022-006 Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) announcement on the reduction of shares held by the controlling shareholder in concert for more than half of the time and progress of the reduction
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) (hereinafter referred to as "the company") disclosed the pre disclosure announcement on the reduction of shares held by the controlling shareholders acting in concert (Announcement No.: 2021-092) on September 14, 2021, Yichang chixing Chemical Trading Co., Ltd. (hereinafter referred to as "chixing chemical") who acted in concert with Hubei Shuanghuan Chemical Group Co., Ltd., the controlling shareholder of the company, plans to reduce 1476471 shares of the company by block trading or centralized bidding trading within 6 months after 15 trading days from the date of disclosure of the announcement, i.e. no more than 0.32% of the total share capital of the company.
On January 20, 2022, the company received the letter on the implementation progress of share reduction plan from chixing chemical. Up to now, the reduction time disclosed in the above pre disclosure announcement has been more than half. In accordance with several provisions on the reduction of shares held by shareholders and directors, supervisors and senior managers of listed companies (CSRC announcement [2017] No. 9) and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange, the implementation progress of the pre disclosed reduction plan is hereby announced as follows:
1、 Shareholder reduction
Shareholder name reduction method reduction number of shares (shares) reduction proportion
Average price during the period (%)
Yichang chixing chemical trade centralized bidding transaction 2022.1.19-1.20 8.356 7471 0.51%
Finite element method
Note: the above share reduction was obtained through block trading in 2018.
2、 Shareholding of shareholders before and after this reduction
Shares held by shareholders before this reduction and shares held after this reduction
Name share nature number of shares (shares) in total share capital proportion of shares (shares) in total share capital (%) (%)
Yichang Chi Xinghua holds 1476471 shares in total 0.32% 1469000 shares 0.316%
Industry and Commerce Co., Ltd., including 1476471 shares with unlimited sales conditions 0.32 1469000 0.316%
company
Shares with limited sales conditions 0
3、 Relevant information description
1. The relevant parties of this reduction strictly abide by the provisions of laws, regulations and normative documents such as the securities law, the stock listing rules of Shenzhen Stock Exchange, the self regulatory guidelines for listed companies No. 1 - standardized operation of listed companies on the main board, and some provisions on the reduction of shares by shareholders and directors, supervisors and senior managers of listed companies, and timely fulfill the obligation of information disclosure.
2. The share reduction has been pre disclosed in accordance with relevant regulations, and the share reduction is consistent with the previously disclosed intention and reduction plan. The relevant parties of this reduction strictly abide by the reduction plan disclosed in the pre disclosure announcement, and there is no violation of the disclosed reduction plan. The share reduction plan has not been implemented yet. Chixing chemical will choose how to implement the share reduction plan according to the market situation, the company's stock price and other factors. The specific reduction time and price are also uncertain. Please pay attention to the investment risk.
3. The implementation of this share reduction plan will not lead to the change of control of the listed company and will not have an impact on the sustainable operation of the listed company.
4. The company will continue to pay attention to the implementation progress of the reduction plan of the above shareholders, and timely perform the obligation of information disclosure in accordance with the provisions of relevant laws and regulations.
4、 Documents for future reference
1. Letter on the implementation progress of share reduction plan.
Hubei Shuanghuan Science And Technology Stock Co.Ltd(000707) board of directors
January 20, 2022
