Gelonghui, Feb. 19, 丨 Haishun New Materials (300501.SZ) announced that the company plans to buy back the company's shares through centralized bidding transactions, which are intended to be used for employee stock ownership plans or equity incentives, and to protect the company's value and shareholders' rights. The total amount of repurchase capital shall not be less than RMB 50 million and not more than RMB 10.00 million. The share repurchase price does not exceed RMB 19.15 per share.
According to estimates that the maximum repurchase amount is not more than RMB 10.01 million and the maximum repurchase price is not more than RMB 19.15 per share, the number of shares repurchased is approximately 522.1 million shares, accounting for about 2.70% of the company's total share capital. According to estimates that the minimum repurchase amount is not less than RMB 50 million and the upper limit of the repurchase price is not more than RMB 19.15 per share, the number of shares repurchased is approximately 2,611,000 shares, accounting for about 1.35% of the company's total share capital.
The implementation period for share repurchase for employee stock ownership plans or share incentives is within 12 months from the date the company's board of directors reviews and approves the share repurchase plan; the implementation period for repurchase shares necessary (sold) to protect the company's value and shareholders' rights is within 3 months from the date the company board of directors reviews and approves the share repurchase plan.