Ming Yang Smart Energy Group Ltd The Progress of the Share Repurchase (3901V)
01 Diciembre 2023 - 3:37AM
UK Regulatory
TIDMMYSE
RNS Number : 3901V
Ming Yang Smart Energy Group Ltd
01 December 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. For details, please refer to the Announcement on the
Plan for Repurchasing Shares by means of Centralized Bidding
Transaction and the Repurchase Report on the Repurchase of Shares
by m eans of Centralized Bidding Transaction disclosed by the
Company on May 5 and May 10, 2023 respectively on the designated
information disclosure media.
II. Progress of the Share Repurchase
According to the Share Repurchase Rules of Listed Companies and
the Self-Regulatory Guidelines for Listed Companies of the Shanghai
Stock Exchange No. 7 - Share Repurchase and other related
regulations , listed companies shall announce the progress of the
share repurchase as of the end of the previous month within the
first 3 trading days of each month. The progress of the Company's
share repurchase is hereby announced as follows:
In November 2023, the Company repurchased 2,751,000 shares
through centralized bidding, accounting for 0.12% of the current
total share capital (i.e. 2,271,759,206 shares) of the Company,
with the highest transaction price of RMB 14.84/share, the lowest
transaction price of RMB 13.834/share and the total amount paid of
RMB 40,025,912.23 (excluding transaction fees).
As of October 31, 2023, the Company repurchased 17,695,293
shares through centralized bidding, accounting for 0.78% of the
current total share capital of the Company, with the highest
transaction price of RMB 17.99/share, the lowest transaction price
of RMB 13.834/share and the total amount paid of RMB 284,090,266.02
(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.
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
1 December, 2023
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(END) Dow Jones Newswires
December 01, 2023 04:37 ET (09:37 GMT)
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