Changyuan Donggu Industrial Co., Ltd. Announcement on the Progress of Share Repurchase by the Company's Actual Controller and Chairman
Release time:
2021-04-05
Securities Code: 603950 Securities Abbreviation: Changyuan Donggu Announcement No.: 2021-016
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Regarding the Actual Controller and Chairman's Increase in Company Shares
Progress Announcement
The board of directors and all directors of this company guarantee that the content of this announcement does not contain any false records, misleading statements, or major omissions, and assume individual and joint and several liability for the authenticity, accuracy, and completeness of its content.
Important Content Reminder:
- Main Content of the Increase Plan Xiangyang Changyuan Donggu Industrial Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on the Actual Controller and Chairman's Increase in Company Shares and Subsequent Increase Plan" (Announcement No.: 2020-018) on September 29, 2020. Mr. Li Zuoyuan, Chairman of the Board of Directors, increased the company's shares through the centralized bidding trading system of the Shanghai Stock Exchange on September 28, 2020, and plans to increase the company's shares opportunistically within 12 months from the date of implementation of this increase using his own funds through the centralized bidding trading system of the Shanghai Stock Exchange. Mr. Li Zuoyuan, Chairman of the Board, intends to increase his holdings based on his confidence in the company's sustained and healthy development and recognition of the company's long-term value investment. The planned purchase price will not exceed RMB 40.00, and the implementation period of the share increase plan will be from September 28, 2020 (first increase) to September 27, 2021, with a cumulative increase of not less than RMB 60,000,000 and not exceeding RMB 200,000,000 (including the first increase).
- Progress of the Increase Plan As of the date of this announcement, more than half of the increase plan period has passed, and Mr. Li Zuoyuan, Chairman of the Board, has cumulatively increased the company's shares by 1,421,083 shares through the centralized bidding trading system of the Shanghai Stock Exchange, accounting for 0.6138% of the company's total share capital, with a cumulative amount of RMB 34,997,500.
- Relevant Risk Warnings The implementation of this increase plan may involve the risk that the company's stock price may continuously exceed the increase price range of the increase plan, resulting in the failure to implement the increase plan. The implementation of this increase plan may involve the risk that changes in the securities market or the failure of the increase funds to arrive in time may lead to a delay or failure in the implementation of the increase plan.
On March 26, 2021, the company received Mr. Li Zuoyuan's "Progress and Implementation of the Increase in Shares of Xiangyang Changyuan Donggu Industrial Co., Ltd. by Actual Controller Li Zuoyuan." The specific content is announced as follows:
I. Basic Information of the Increase Entity
(1) The increase entity is Mr. Li Zuoyuan, the actual controller and chairman of the company.
(2) As of March 26, 2021, Mr. Li Zuoyuan and his concerted actors held 144,812,188 shares of the company, accounting for approximately 62.55% of the company's total share capital. Among them, Mr. Li Zuoyuan holds 92,872,828 shares, accounting for approximately 40.11% of the company's total share capital; Ms. Xu Nengchen holds 25,969,680 shares, accounting for approximately 11.22% of the company's total share capital; Ms. Li Congrong holds 12,984,840 shares, accounting for approximately 5.61% of the company's total share capital; and Mr. Li Xianfeng holds 12,984,840 shares, accounting for approximately 5.61% of the company's total share capital.
II. Main Content of the Increase Plan
(1) The main purpose of this share increase is based on confidence in the company's sustained and healthy development and recognition of the company's long-term value investment. 。
(2) The type of shares to be increased is the company's unrestricted circulating A shares.
(3) The planned increase in shares for this increase plan The cumulative increase amount is not less than RMB 60,000,000 and not more than RMB 200,000,000 (including the current increase). 。
(4) Price of the planned increased shares: The planned purchase price for this increase will not exceed RMB 40.00.
(5) Implementation period of this share increase plan: From September 28, 2020 (first increase) to September 27, 2021. 。
(6) Funding arrangement for this share increase: Own funds.
(7) Method of share increase: Increase the company's shares opportunistically through the Shanghai Stock Exchange trading system.
III. Uncertain Risks of the Increase Plan
(1) The implementation of this increase plan may involve the risk that the company's stock price may continuously exceed the increase price range of the increase plan, resulting in the failure to implement the increase plan;
(2) The implementation of this increase plan may involve the risk that changes in the securities market or the failure of the increase funds to arrive in time may lead to a delay or failure in the implementation of the increase plan.
IV. Implementation Progress of the Increase Plan
|
Shareholder Name |
Increase Date |
Increase Method |
Number of Shares Increased (Shares) |
Proportion of Increased Shares to Total Share Capital |
Average Increase Price (RMB/Share) |
|
Li Zuoyuan |
September 28, 2020 |
Centralized bidding transaction |
1,271,083 |
0.5490% |
25.13 |
|
January 14, 2021 |
Centralized bidding transaction |
150,000 |
0.0648% |
20.37 |
|
|
Total |
1,421,083 |
0.6138% |
- |
||
Note: 1. The total share capital is the company's share capital as of March 26, 2021;
2. Discrepancies between the sum of the proportions of increased shares to total share capital and the individual values are due to rounding.
From September 28, 2020, to March 26, 2021, Chairman Li Zuoyuan cumulatively increased his holdings of the company's shares by 1,421,083 shares through centralized bidding transactions on the Shanghai Stock Exchange trading system, accounting for 0.6138% of the company's total share capital, with a cumulative increase amount of 34.9975 million yuan. As of now, Chairman Li Zuoyuan directly holds 92,872,828 shares of the company, accounting for 40.11% of the company's total share capital; Chairman Li Zuoyuan and his concerted parties together hold 144,812,188 shares of the company, accounting for 62.55% of the company's total share capital.
V. Other Explanations
This increase in shareholding will not lead to a change in the company's controlling shareholder or actual controller. The company will continue to monitor the relevant情况 of Mr. Li Zuoyuan and his concerted parties increasing their shareholdings in the company, and promptly fulfill its information disclosure obligations in accordance with relevant regulations such as the Shanghai Stock Exchange's "Stock Listing Rules" and the provisional announcement format guidelines "No. 99 Announcement on Shareholding Increase Plans/Progress/Results of Listed Company Shareholders, Directors, Supervisors, and Senior Management".
Announced herewith.
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Board of Directors
2021 March 29
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