Jiahua Energy (600273): Progress Of Repurchase Shares
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 view of the company's stock price exceeding the price limit of repurchase shares 11 yuan / share, the company did not implement share repurchase in April 2019.
As of April 30, 2019, the company had accumulated 29540436 shares of repurchase shares through centralized bidding, accounting for 2.06% of the total share capital of the company, and the highest price of the paction was 10.28 yuan / share. The lowest price of the paction was 8.70 yuan / share, and the total amount paid was 279951710.95 yuan (excluding expenses such as stamp duty, commission and so on).
The company will carry out the information disclosure obligations in time according to the progress of the repurchase, and invite the investors to pay attention to the risk of investment.
Notice hereby.
Zhejiang Jiaxing energy chemical Limited by Share Ltd board
May 7th two 19
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