Jiahua Energy (600273): Announcement (Series)

Stock Code: 600273 stock abbreviation: Jiahua energy serial number: 2019-013

Zhejiang Jiahua energy chemical Limited by Share Ltd

Progress announcement on repurchase shares

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Zhejiang Jiaxing energy chemical Limited by Share Ltd (hereinafter referred to as "company" or "Jiahua energy") adopted the relevant motion on the motion of repurchase the shares of the company by centralized bidding in 2019. The purpose is to match the share price with the value of the company, safeguard the interests of shareholders and raise shareholder returns, build a long-term stable investor group, and establish a good image of the capital market. After considering the company's operating conditions, financial status and development strategy, the company intends to repurchase shares for the purposes of employee stock ownership plan, equity incentive, and the conversion of listed company's convertible bonds into stock companies and other laws and regulations.

The total amount of the shares of the repurchase company is no less than 400 million yuan, not more than 800 million yuan; under the condition that the price of the repurchase stock does not exceed RMB 11 yuan / share, it is estimated that the number of repurchase shares should be no less than 36 million 363 thousand and 600 shares (2.54% of the total share capital), and it will not exceed 143 million 273 thousand and 100 shares (including 10% of the total share capital) in accordance with the provisions of the company law and the articles of association. The amount of the specific repurchase shares shall be the amount of the actual repurchase when the buyback expires; the period of the repurchase is 6 months from the date of the shareholders' meeting to consider the adoption of the share repurchase scheme, that is, from January 7, 2019 to July 5, 2019; and the source of the repurchase fund is the company's own funds.

In January 9, 2019, the company disclosed the report on the repurchase of shares by centralized bidding in the China Securities Journal, the Shanghai Securities Journal, the securities times and the Shanghai stock exchange website (Bulletin number: 2019-005).

According to the relevant provisions, the company's share repurchase progress is announced as follows:

In January 16, 2019, the number of first repurchase shares held by the company through centralized auction was 700000 shares, representing 0.05% of the total share capital of the company. Details of the company's announcement in January 17, 2019 on the China Securities Journal, the Shanghai Securities Journal, the securities times and the Shanghai stock exchange website revealed the announcement on the first implementation of the share repurchase (Bulletin number: 2019-006).

As of January 31, 2019, the company had accumulated 8119900 shares of repurchase shares through centralized bidding, accounting for 0.57% of the total share capital of the company, and the highest price of the paction was 9.39 yuan / share. The lowest price of the paction was 8.72 yuan / share, and the total amount paid was 73992560.64 yuan (excluding stamp duty, commission and so on).

Notice hereby.

Zhejiang Jiaxing energy chemical Limited by Share Ltd board

February 2nd two 19

Stock Code: 600273 stock abbreviation: Jiahua energy serial number: 2019-014

Zhejiang Jiahua energy chemical Limited by Share Ltd announcements on receipt of Zhejiang Securities Regulatory Bureau warning letter

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Zhejiang Jiahua energy chemical Limited by Share Ltd received the decision of the Zhejiang regulatory bureau of the China Securities Regulatory Commission on the adoption of a warning letter to the Limited by Share Ltd and related personnel of Zhejiang Jiaxing energy chemical industry in January 31, 2019. (the decision on administrative regulatory measures No. [2019]9) is hereby announced as follows:

I. contents of the decision

"Zhejiang Jiahua energy chemical Limited by Share Ltd, Lin Lin:

In January 25, 2018, the Zhejiang Jiaxing energy chemical Limited by Share Ltd (hereinafter referred to as "the company") disclosed a plan for major asset purchase and related party pactions (hereinafter referred to as "reorganization plan"), which intends to pay cash to buy 100% stake in Zhejiang Mei Fu Petrochemical Co., Ltd. (hereinafter referred to as "Mei Fu petrochemical"), and announced the termination of the major asset reorganization in April 19th.

In the special on-site inspection of the company's major asset reorganization, our Bureau found that there are the following information disclosure problems in the reorganization plan: the five top customers and risk warning in Mei Fu Petrochemical Company are inaccurate on the disclosure of sales concentration degree, and the disclosure information on related parties and related party pactions in the plan is not complete and sufficient.

The above act of the company violates the relevant provisions of the second regulation on information disclosure of listed companies, and then Lin Lin, the Secretary of the board of directors, violated the relevant provisions of article third of the administrative measures for information disclosure of listed companies.

According to the relevant provisions of the fifty-eighth and fifty-nine articles on the management of information disclosure of listed companies, I decided to take the supervision and management measures issued by the company in time for the Secretary of the board of directors, Lin Lin.

You should conscientiously learn lessons, strengthen the learning of securities laws and regulations, strictly regulate the disclosure of information, and prevent such acts from happening again.

If it is not satisfied with the supervision and management measures, it may apply to the China Securities Regulatory Commission for administrative reconsideration within 60 days from the date of receipt of this decision, or it may also have 6 months from the date of receipt of this decision.

The people's court under jurisdiction shall institute proceedings.

During the period of reconsideration and litigation, the above supervision and management measures shall not be suspended. "

Two, rectification measures and related personnel will strictly follow the requirements of laws and regulations on information disclosure management of listed companies, strengthen the learning and understanding of relevant laws and regulations, further enhance the awareness of standardized operation, continuously improve the quality of information disclosure, safeguard the interests of the company and all shareholders, and promote the healthy, stable and sustainable development of the company.

Three, the reference document, the Zhejiang Securities Regulatory Commission of the China Securities Regulatory Commission, "decision on the warning letter issued by Zhejiang Jiaxing energy chemical Limited by Share Ltd" (decision No. [2019]9 of administrative regulatory measures).

Notice hereby.

Zhejiang Jiaxing energy chemical Limited by Share Ltd board

February 2nd two 19