Announcement on the Planned Share Purchase by Certain Directors and Senior Management of the Company
The company and all members of the board guarantee that the information provided is true, accurate, complete, and free from false records, misleading statements, or significant omissions. The company and the board ensure that the announcement content is consistent with the information provided by the information disclosure obligor.
Special Reminder:
- Certain directors and senior management plan to increase their shareholding in the company through centralized bidding in the secondary market within three months starting from May 10, 2023, with a total planned investment not exceeding (inclusive) RMB 80 million and not less than (inclusive) RMB 50 million.
- As of May 9, 2023, the company's stock closing price has been below RMB 1 per share for eight consecutive trading days, posing a risk of delisting due to the stock price being below par value. Investors are advised to be cautious of investment risks.
On May 9, 2023, Meihua Real Estate Group Co., Ltd. (hereinafter referred to as "the Company") received a notification letter from certain directors, senior management, and core business leaders (hereinafter collectively referred to as "the Purchasers") regarding their plan to increase their shareholding in the company. Based on their confidence in the company's future development prospects and recognition of its value, as well as their optimism about the long-term investment value of the Chinese capital market, they aim to actively fulfill social responsibilities and effectively safeguard the rights and interests of investors and the stability of the capital market.
The aforementioned Purchasers plan to increase their shareholding through centralized bidding in the secondary market within three months starting from May 10, 2023, with a total planned investment not exceeding (inclusive) RMB 80 million and not less than (inclusive) RMB 50 million. The specific details are as follows:
I. Basic Information of the Purchasers
- The Purchasers include Li Junfeng and four others, who are directors, senior management, and core business leaders of the company. Before the implementation of this share purchase plan, the shareholding status of the Purchasers is as follows: