Digbei.com on March 17, jingquanhua (securities code: 002885) recently announced that the Company repurchased the company’s shares by means of centralized competitive trading, with the maximum repurchase amount of 40 million yuan and the maximum repurchase price of 18.65 yuan / share, and the repurchase period of no more than 12 months. The purpose of this share repurchase is to implement the equity incentive plan.
It is understood that the type of shares to be repurchased this time is a shares. The total amount of the repurchase fund is not less than 20 million yuan (inclusive) and not more than 40 million yuan (inclusive). Under the condition that the repurchase price of shares does not exceed 18.65 yuan / share, if the upper limit of the total repurchase fund is 40 million yuan and the upper limit of the repurchase price is 18.65 yuan / share, it is estimated that the number of shares that can be repurchased is about 2.14 million shares, accounting for 1.19% of the company’s current total share capital, It is estimated that the number of shares that can be repurchased is about 1.07 million, accounting for about 0.59% of the total share capital of the company. The specific number of shares to be repurchased is subject to the number of shares actually repurchased at the expiration of the repurchase period.
For the purpose of this repurchase, based on the judgment of the company’s value and the confidence in its future development, the board of directors of jingquanhua, in order to safeguard the interests of the majority of investors, enhance the investment confidence of investors in the company, improve the long-term incentive mechanism of the company, fully mobilize the enthusiasm of the company’s managers and core backbones, improve the team cohesion and competitiveness, and effectively promote the long-term development of the company Exhibition. The purpose of this share repurchase is to implement the equity incentive plan. If the company fails to implement the above purpose within 36 months after the completion of share repurchase, the shares repurchased by the company will be cancelled according to law.
As of September 30, 2020, the total assets of the company is 1539506400 yuan, the owner’s equity attributable to the shareholders of the listed company is 818651800 yuan, the current assets is 1024159600 yuan, the amount of monetary capital is 247494000 yuan, the undistributed profit is 362561100 yuan (the above data have not been audited), and the upper limit of the total repurchase capital is 4, 60%, 4. 89% and 3. 91% respectively.
The company’s business is developing well and the cash flow of operating activities is healthy. According to the company’s operation, finance, R & D and other conditions, the company believes that the total amount of share repurchase funds is not less than 20 million yuan (inclusive) and not more than 40 million yuan (inclusive), which will not have a significant impact on the company’s operation, finance, R & D and debt performance.
According to digbei.com, jingquanhua focuses on the electronic components industry, mainly engaged in the R & D, production and sales of magnetic components, power supply, special transformers and on-board transformers.