Ming Yang Smart Energy Group Ltd The Progress of the Share Repurchase (5538V)
December 04 2023 - 4:36AM
UK Regulatory
TIDMMYSE
RNS Number : 5538V
Ming Yang Smart Energy Group Ltd
04 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
As of December 4, 2023, the Company repurchased 23,119,893
shares through centralized bidding, accounting for 1.02% of the
current total share capital (i.e. 2,271,759,206 shares) of the
Company, with the highest transaction price of RMB 17.99/share, the
lowest transaction price of RMB 12.86/share and the total amount
paid of RMB 354,544,136.42 (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
4 December, 2023
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END
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