Hongli Newell intends to not more than 100 million yuan repurchase of shares

Recently, Hongli Newell (hereinafter referred to as "the company") announced on February 2, 2018, the company held its third meeting of the twenty-fifth board of directors considered and adopted the "about centralized auction trading to repurchase shares of the company's motion".

According to the announcement, Hongli Newell intends to repurchase the total funds of not less than 50 million yuan and not more than 100 million yuan. Share repurchase price is not more than 14 yuan / share conditions, is expected to repurchase shares not more than 7 million 150 thousand shares, representing the company's total share capital of not more than 1%. If the company capital reserve capitalization, the repurchase period to distribute stock or cash dividend, stock split, allotment or issuance of equity share warrants and other matters, since the stock price ex dividend date, the number of the corresponding adjustment of share repurchase.

The company said the repurchase of shares will be canceled, the adjustment of the registered capital of the company, to enhance the level of earnings per share. In addition, the total amount of repurchase funds not more than 100 million yuan, according to the company's business, financial condition and future development, the company believes that the share repurchase amount of 100 million yuan, not on the company's business, financial and future development have a significant impact, the implementation of stock repurchase plan will not cause the company's equity distribution does not meet the conditions for listing.

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