Announcement on the Share Repurchase Plan
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.
Important Content Prompts:
- Shenzhen Today International Logistics Technology Co., Ltd. (hereinafter referred to as the "Company") intends to use its own funds to repurchase some of the Company's issued RMB ordinary shares (A-shares) through centralized bidding (hereinafter referred to as "this Repurchase"). Relevant details are as follows:
(1) Purpose of the share repurchase: Based on confidence in the Company's development prospects and recognition of its intrinsic value, and after fully considering its financial status, operating conditions, and development strategy, the Company plans to use its own funds to repurchase some of its issued RMB ordinary shares (A-shares) through centralized bidding for cancellation and reduction of registered capital.
(2) Type and purpose of repurchased shares: The type of shares to be repurchased is the Company's issued RMB ordinary shares (A-shares). All repurchased shares will be used for cancellation and reduction of registered capital.
(3) Total amount of share repurchase: The funds for the share repurchase shall be no less than RMB 100 million and no more than RMB 150 million (both inclusive). The specific total amount of repurchase funds shall be based on the actual funds used.
(4) Price range for the proposed share repurchase: The upper limit of the share repurchase price shall not exceed 150% of the average trading price of the Company's shares for the 30 trading days prior to the Board of Directors' resolution to approve the repurchase plan. The price for this repurchase shall not exceed RMB 9.97 per share (inclusive).
(5) Quantity and proportion of the total share capital: Based on the upper limit of the repurchase price of RMB 9.97 per share and the lower limit of the repurchase amount of RMB 100 million, the estimated number of shares to be repurchased is approximately 10,030,090 shares, accounting for 1.58% of the Company's current total share capital. Based on the upper limit of the repurchase price of RMB 9.97 per share and the upper limit of the repurchase amount of RMB 150 million, the estimated number of shares to be repurchased is approximately 15,045,135 shares, accounting for 2.37% of the Company's current total share capital.
The specific quantity and proportion of the repurchased shares shall be based on the actual number of shares repurchased and the proportion of the total share capital. If the Company undergoes capital reserve conversion, stock dividends, or cash dividends during the repurchase period, the repurchase price and quantity will be adjusted accordingly from the ex-rights and ex-dividend date.
(6) Duration of the share repurchase: Within 12 months from the date the Company's general meeting of shareholders approves the repurchase plan.
(7) Source of funds for the repurchase: The Company's own funds.
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As of the disclosure date of this announcement, except for the controlling shareholder and actual controller, Mr. Shao Jianwei, and the Chairman, Mr. Shao Jianfeng, other directors and senior management of the Company have no clear plans to increase or decrease their shareholdings during the repurchase period. If any such plans are received subsequently, the Company will fulfill its information disclosure obligations in accordance with relevant regulations.
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Risk Warning
(1) This share repurchase plan needs to be submitted to the Company's general meeting of shareholders for approval by special resolution, and there is a risk that it may not be passed.
(2) There is a risk that the Company's stock price may continuously exceed the upper limit of the repurchase price during the repurchase period, resulting in the failure to implement the repurchase plan.