Securities code: 600077 securities abbreviation: Sundy Land Investment Co.Ltd(600077) Announcement No.: pro 2022-015 Sundy Land Investment Co.Ltd(600077)
Announcement on initial share repurchase
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.
On January 22, 2021, the 25th meeting of the 10th board of directors of the company deliberated and approved the proposal on share repurchase plan by centralized bidding, and disclosed the report on share repurchase by centralized bidding on January 28, 2021. The company plans to repurchase the company’s shares by centralized bidding, And all of them are used to implement the equity incentive plan in the later stage. The total share repurchase funds shall not be less than RMB 130 million and not more than RMB 260 million, and the repurchase price shall not exceed RMB 4.61/share. The term of share repurchase shall not exceed 12 months from the date when the board of directors of the company deliberates and approves the repurchase plan. (for details, please refer to Announcement No. Lin 2021-004, Lin 2021-006 and Lin 2021-012 disclosed by the company).
On July 23, 2021, the company completed the 2020 annual profit distribution plan, and the share repurchase price of the company was adjusted to no more than RMB 4.6006/share in accordance with relevant regulations. (see Announcement No. 2021-078 disclosed by the company for details)
On January 21, 2022, the company implemented the first repurchase. According to relevant regulations, the first repurchase of shares of the company is announced as follows: the number of shares repurchased by the company for the first time through centralized bidding is 2625000 shares, accounting for 0.20% of the total share capital of the company. The lowest transaction price is 3.012 yuan / share, the highest transaction price is 3.078 yuan / share, the average transaction price is 3.048 yuan / share, and the total amount paid is 7999811.00 yuan (excluding stamp duty, commission and other transaction expenses). This repurchase is in line with the repurchase plan of the company.
The company will, in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the administrative measures for repurchase of social public shares by listed companies (for Trial Implementation), the implementation rules for repurchase of shares by listed companies of Shanghai Stock Exchange, the listing rules of Shanghai Stock Exchange and other laws and regulations, Implement share repurchase in compliance and fulfill the obligation of information disclosure.
It is hereby announced.
Sundy Land Investment Co.Ltd(600077) board of directors January 22, 2022
