Gelonghui May 20 丨 Mingzhi Electric (603728caraccidentgame.SH) AnnouncementcaraccidentgameDue to its own financial needs and on the premise of complying with relevant laws and regulations, Xinyeng plans to reduce the total number of shares in the company through centralized bidding or block transactions by no more than 8caraccidentgame,000,000 shares, which means that the total amount will not exceed 1.9045% of the company's total share capital. The reduction price will be determined based on the market price at the time of implementation of the reduction. The reduction period will be within 3 months after 15 trading days from the date of disclosure in this announcement.
whereincaraccidentgame: 1) The reduction transaction through centralized bidding will be conducted within 3 months after 15 trading days from the announcement of the reduction plan, and the number of shares of the company will not exceed 4,000,000 shares (That is, it does not exceed 0.9522% of the company's total share capital), and the total number of shares reduced through centralized bidding within any 90 consecutive natural days shall not exceed 1% of the company's total shares; 2) The reduction of shares through block transactions will be carried out within 3 months after 15 trading days from the announcement of the reduction plan. The number of shares of the company will be reduced will not exceed 4,000,000 shares (i.e., it will not exceed 0.9522% of the company's total share capital), and the total number of shares reduced through block transactions within any 90 consecutive calendar days will not exceed 2% of the total number of shares of the company.
