Huaxin Securities: Plans to repurchase and cancel up to 200 million yuan of shares

Jinshi data news on December 11th, Huaan Securities announced that the company plans to repurchase RMB ordinary shares A shares through the Shanghai Stock Exchange trading system in a centralized Bidding manner, and the repurchase price does not exceed 9.36 yuan/share. The total amount of funds for this repurchase is not less than 100 million yuan and not more than 200 million yuan. Based on the upper limit of the repurchase amount, it is estimated that the number of repurchased shares will be approximately 21.3675 million shares, accounting for approximately 0.45% of the company’s current total share capital; based on the lower limit of the repurchase amount, it is estimated that the number of repurchased shares will be approximately 10.6838 million shares, accounting for approximately 0.23% of the company’s current total share capital. The repurchased shares will be used entirely for cancellation and reduction of registered capital. Creditors may demand the company to repay debts or provide corresponding guarantees within 30 days from the date of receiving the notice or within 45 days from the date of announcement disclosure.