Stock Code: 603759 Stock Abbreviation: Haitian Announcement No.: 2022-036
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content.
Important content reminder:
● Basic information of directors’ shareholdings: As of the date of this announcement, Mr. Li Yong, director of Haitian Water Group Co., Ltd. (hereinfollowing referred to as the “Company”), holds 15,458,748 shares of the company, accounting for 3.35% of the company’s total share capital.
● Main content of the plan for reducing shareholdings through centralized bidding: due to personal capital needs, Mr. Li Yong intends to reduce his holdings of no more than 3,864,687 shares of the company through centralized bidding, that is, not more than 0.84% of the company’s total share capital, and not more than his holdings 25% of the company’s total shares. The holding reduction period is within 6 months following 15 trading days from the date of the announcement of this holding reduction plan.
1. The basic situation of the main body of centralized bidding to reduce holdings
There are no persons acting in concert with the above-mentioned reduction entities, and they have not reduced their shares since the listing.
2. Main contents of the centralized bidding reduction plan
(1) Whether the relevant shareholders have other arrangements √Yes □No
On the premise of complying with the requirements of laws and regulations, Mr. Li Yong may conduct block transactions according to market conditions.
(2) Have major shareholders and directors, supervisors and senior managers made commitments on shareholding ratio, number of shares, duration of shareholding, method of reduction, quantity of reduction, price of reduction, etc. √Yes □No
Li Yong, a shareholder serving as a director of the company, promised:
1. Within 12 months from the date of the issuer’s initial public offering and listing, the issuer shall not transfer or entrust others to manage the shares issued by the issuer before the issuer’s public offering held directly or indirectly, nor shall the issuer repurchase such shares. part of the shares.
2. After the lock-up period expires, the number of shares transferred each year shall not exceed 25% of the total number of shares of the issuer directly or indirectly held by me during my tenure as a director/senior executive of the issuer.
3. After the expiration of the lock-up period, if I resign following the expiration of my term of office, I will not transfer the shares of the issuer held by me within half a year following leaving; Continue to abide by the following restrictive regulations within 6 months following the expiry date: (1) The shares transferred each year shall not exceed 25% of the total shares of the company held by me; (2) Within half a year following leaving the company, I shall not transfer the shares of the issuer held by me; ( 3) Other provisions of the Company Law on the transfer of shares of directors, supervisors and senior managers. If the issuer’s shares directly held by the issuer change due to the issuer’s equity distribution, etc., the above provisions shall still be complied with.
4. If the issuer’s shares held by me are reduced within 2 years following the lock-up period expires, the reduction price shall not be lower than the issue price; within 6 months following the issuer’s listing, if the issuer’s stock has a low closing price for 20 consecutive trading days At the issue price, or if the closing price at the end of the 6-month period following listing is lower than the issue price, the lock-up period for the issuer’s shares held by me is automatically extended by 6 months. If the issuer’s shares have ex-rights and ex-dividend events such as dividend distribution, bonus shares, and conversion of capital reserves to share capital during this period, the above issue price will be adjusted ex-right and ex-dividend accordingly.
5. I will perform relevant information disclosure obligations in strict accordance with the rules of the China Securities Regulatory Commission and the Shanghai Stock Exchange, and abide by the statutory restrictions on the reduction period, quantity and proportion of the China Securities Regulatory Commission and the Shanghai Stock Exchange. If I am legally prohibited from reducing my shareholding, I will not reduce my shareholding.
The aforementioned commitments shall not be invalidated due to changes in my position, resignation, etc.
Whether the proposed reduction of holdings is consistent with the previously disclosed commitments √Yes □No
(3) Other matters required by the Exchange
none.
3. Risk reminders related to the centralized bidding reduction plan
(1) This share reduction plan was made by Mr. Li Yong, a director of the company, due to personal capital needs. During the reduction period, Mr. Li Yong will choose whether to implement and how to implement the reduction plan according to market conditions, company stock price and other factors. There are uncertainties in the quantity and price of the reduction.
(2) Whether the implementation of the shareholding reduction plan may lead to the risk of changing the control of the listed company Yes √ No
(3) Other risk warnings
During the period of the above share reduction plan, the company will urge Mr. Li Yong to strictly abide by the Company Law, Securities Law, Several Regulations on Share Reduction by Shareholders, Directors, Supervisors and Senior Management of Listed Companies, Shanghai Stock Exchange Listing Rules, and Shanghai Securities Shareholders, directors, supervisors, and senior executives of companies listed on the stock exchange shall fulfill their information disclosure obligations in a timely manner, such as the “Implementation Rules for the Reduction of Shares by Shareholders of Listed Companies” and other relevant laws, administrative regulations, departmental rules, normative documents, and company rules and regulations.
Special announcement.
Board of Directors of Haitian Water Group Co., Ltd.
June 11, 2022
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