Inner Mongolia Tianshou Technology Development Co., Ltd.
Announcement
Stock Code: 000611
Stock Abbreviation: Tianshou Exit
Announcement No.: 2022-81
Inner Mongolia Tianshou Technology Development Co., Ltd. announces the completion of the repurchase and cancellation of all restricted stocks granted under the 2018 incentive plan and the reduction of registered capital. The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder:
-
The number of restricted stocks repurchased and canceled this time is 16,000,000 shares, involving 9 incentive recipients, accounting for 4.74% of the total share capital before the repurchase and cancellation. The repurchase price is 3.97 yuan/share, with a total repurchase amount of 63,520,000.00 yuan, plus bank interest during the same period, all transferred to the company's payable debts.
-
The Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. has confirmed that the company has completed the repurchase and cancellation of the aforementioned 16,000,000 shares of restricted stocks.
-
After the completion of this repurchase and cancellation of restricted stocks, the company's total share capital will decrease from 337,822,022 shares to 321,822,022 shares, and the company's registered capital will change from 337,822,022.00 yuan to 321,822,022.00 yuan.
Inner Mongolia Tianshou Technology Development Co., Ltd. (hereinafter referred to as "the Company" or "Tianshou Development") held board meetings on April 28, 2020, April 28, 2021, and April 29, 2022, to review and approve the proposals regarding the repurchase and cancellation of restricted stocks corresponding to the first, second, and third unlock periods of the 2018 restricted stock incentive plan, respectively. The board also approved the proposal for the company's capital reduction on April 29, 2022, and June 1, 2022, as well as the cancellation of the proposal regarding the company's capital reduction from the 2021 annual general meeting. The company agreed to repurchase and cancel the 16,000,000 shares of restricted stocks held by 9 incentive recipients that had been granted but did not meet the conditions for lifting restrictions. The company completed the repurchase and cancellation of the restricted stocks on June 14, 2022, at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. The relevant matters are announced as follows: