Securities code: 300331 securities abbreviation: Svg Tech Group Co.Ltd(300331) Announcement No.: 2022-005 Svg Tech Group Co.Ltd(300331)
Announcement on pre disclosure of reduction of shares held by shareholders holding more than 5%
Mr. Yu Zhangxing, a shareholder holding more than 5%, guarantees that the information provided to the company is true, accurate and complete without false records, misleading statements or major omissions.
The company and all members of the board of directors guarantee that the contents of the announcement are consistent with the information provided by the information disclosure obligor. Special tips:
Mr. Yu Zhangxing, a shareholder holding more than 5% of the company’s 21272004 shares (accounting for 8.19% of the company’s total share capital), plans to reduce the company’s shares by means of centralized bidding within 6 months after 15 trading days or block trading within 6 months after 3 trading days from the date of disclosure of this announcement (no reduction in the window period), with a total of no more than 5 million shares (accounting for 1.93% of the total share capital of the company).
Svg Tech Group Co.Ltd(300331) (hereinafter referred to as “the company” or “the company”) has recently received the notification letter of share reduction plan issued by Mr. Yu Zhangxing, a shareholder holding more than 5% of the company, and the relevant information is hereby announced as follows:
1、 Basic information of shareholders
1. Name of shareholder: Yu Zhangxing
2. Shares held in the company:
As of the disclosure date of this announcement, Yu Zhangxing, a director and shareholder holding more than 5%, directly held 21272004 shares of the company, accounting for 8.19% of the total share capital of the company.
2、 Main contents of this reduction plan
1. Reasons for proposed reduction: personal capital needs;
2. Sources of share reduction: the sources of share reduction of Mr. Yu Zhangxing are the shares directly held by him before the initial public offering of the company, the shares of the company purchased in the secondary market and the shares increased accordingly due to the conversion of capital reserve into share capital.
3. Reduction method: centralized bidding or block trading;
4. Number of shares to be reduced: Yu Zhangxing plans to reduce the total shares of the company by no more than 5 million shares (accounting for 1.93% of the total share capital of the company).
5. Reduction period: if the reduction is carried out by means of centralized bidding trading, it shall be carried out within 6 months after 15 trading days from the date of disclosure of this announcement; In case of reduction by block trading, it shall be carried out within 6 months after 3 trading days from the date of disclosure of this announcement.
6. Reduction price range: determined according to the market price at the time of reduction.
If the company has any share change during the reduction period, such as share distribution, conversion of capital reserve to share capital, the number of shares reduced shall be adjusted accordingly.
3、 Relevant commitments and performance
The commitment of Mr. Yu Zhangxing, a shareholder of more than 5% of the company, to restrict the sale of shares is as follows:
Within 12 months from the date of listing of the shares of the joint stock company, it shall not transfer or entrust others to manage the shares issued before the public offering of the shares of the joint stock company directly or indirectly held by itself, nor shall the joint stock company repurchase the shares issued before the public offering of the shares of the joint stock company directly or indirectly held by itself. After the expiration of the above commitment, during my tenure as a director / Supervisor / Senior Manager of the joint stock company, I shall timely report to the joint stock company the shares held by the joint stock company and their changes according to law. During my tenure, the shares transferred to the joint stock company each year shall not exceed 25% of the total shares of the joint stock company I hold. In addition to the above commitments, I will not transfer the shares of the joint stock company directly or indirectly held by me within six months after my resignation.
As of the disclosure date of this announcement, Mr. Yu Zhangxing has strictly fulfilled the above commitments, and the proposed reduction is consistent with the previously disclosed intentions and commitments.
4、 Relevant risk tips
1. Mr. Yu Zhangxing, a shareholder holding more than 5% of the company’s shares, will decide whether to implement the reduction plan according to the market situation and the company’s share price. There is uncertainty about the implementation of the reduction plan such as the reduction quantity and price.
2. This reduction plan is the normal reduction of shareholders’ holdings, which will not lead to the change of the company’s control and will not have an impact on the company’s governance structure and sustainable operation.
3. The above-mentioned shareholders will strictly abide by the relevant provisions of the securities law, the Listing Rules of gem shares of Shenzhen Stock Exchange, several provisions on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, and the implementation rules for the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange, so as to standardize the subsequent reduction of shares. The company will also continue to pay attention to the progress of the implementation of the share reduction plan of the above shareholders, urge them to reduce their holdings in compliance, and timely perform the obligation of information disclosure in accordance with the provisions of relevant laws, regulations and normative documents. Please invest rationally and pay attention to investment risks.
5、 Documents for future reference
Notification letter of share reduction plan issued by Yu Zhangxing.
It is hereby announced
Svg Tech Group Co.Ltd(300331) board of directors
January 23, 2022
