Songdu shares:accumulatively repurchased 72,116,800 company shares, accounting for 5.38%of the total share capital
The announcement shows that on October 23, 2019, the seventh meeting of the company’s tenth board of directors reviewed and approved the”Proposal on the Proposal for the Repurchase of Shares by Centralized Bidding”, and on November 1, 2019 Japan disclosed the”Repurchase Report on Shares Repurchase by Concentrated Auction Transaction”.
On August 12, 2020, the sixteenth meeting of the company’s tenth board of directors passed the”Proposal on Adjusting the Price of Repurchase of Shares by Means of Concentrated Auction Trading”. No more than RMB 3.73 per share was adjusted to no more than RMB 4.95 per share, and on August 13, 2020, the”Announcement on Adjusting the Price of Repurchase of Shares by Centralized Auction Transaction” was disclosed.
On October 19, 2020, the nineteenth meeting of the company’s tenth board of directors reviewed and approved the”Proposal on Adjusting the Company’s Share Repurchase Program”, and the share repurchase period was adjusted to be reviewed and approved by the board of directors. Within 14 months from the date of the purchase plan (2019/10/23), the total share repurchase funds shall be adjusted to not less than RMB 280 million and not more than RMB 500,000.