Ming Yang Smart Energy Group Ltd The Progress of the Share Repurchase (3790J)
15 Agosto 2023 - 4:34AM
UK Regulatory
TIDMMYSE
RNS Number : 3790J
Ming Yang Smart Energy Group Ltd
15 August 2023
MING YANG SMART ENERGY GROUP LIMITED
(GDR under the symbol: "MYSE")
(a joint stock company established under the laws of the
People's Republic of China with limited liability)
Announcement on the Progress of the Share Repurchase
I. Basic Information about Share Repurchase
On May 4, 2023, Ming Yang Smart Energy Group Limited (the
"Company") held the 39(th) meeting of the second session of the
board of directors and considered and approved the Proposal on the
Plan for Repurchasing Company Shares by means of Centralized
Bidding Transaction. The Company agreed to use its own funds of no
more than RMB1 billion (inclusive) and no less than RMB500 million
(inclusive) to repurchase the Company's shares by centralized
bidding transaction, for the purpose of implementing equity
incentives. The repurchase period shall not exceed 12 months from
May 4, 2023.
II. Progress of the Share Repurchase
As of August 15, 2023, the Company repurchased 8,956,500 shares
through centralized bidding, accounting for 0.39% of the current
total share capital (i.e. 2,271,983,706 shares) of the Company,
with the highest transaction price of RMB 17.99/share, the lowest
transaction price of RMB 17.00/share and the total amount paid of
RMB155,966,158.00 (excluding transaction fees). The repurchase this
time complies with the provisions of relevant laws and regulations
and the established share repurchase plan of the Company.
The Company plans to disclose the interim report for the first
half of 2023 on August 31, 2023. According to the relevant laws and
regulations, the Company shall not repurchase its shares during the
period of 10 trading days immediately preceding the date to
announce the interim report for the first half of 2023. After the
interim report is published, the Company will make repurchase as
appropriate according to the share repurchase plan and market
conditions during the period.
III . Other Notes
The Company will implement share repurchase in strict accordance
with the relevant requirements and fulfill the obligation of
disclosing information in a timely manner according to the market
situation. Investors are advised to pay attention to the investment
risks.
Ming Yang Smart Energy Group Limited
15 August, 2023
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(END) Dow Jones Newswires
August 15, 2023 05:34 ET (09:34 GMT)
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