Klaus (600579.sh) announced that according to the resolution of the 23rd meeting of the 7th Board of Directors of the Company, the Company will consider the targeted repurchase of the proposed compensation shares of China National Equipment Global Holdings (Hong Kong) Co., Ltd. ("Equipment Global") in 2020 at the second Extraordinary General Meeting of Shareholders in 2021, and the repurchase plan is as follows:
Purpose of share repurchase: to fulfill the commitment made by Equipment Global, the corresponding share repurchase will be cancelled. Method of repurchasing shares: Targeted repurchase of some of the restricted circulating shares of the company held by Equipment Global.
Price of repurchased shares: RMB 1 total. Number of shares repurchased: 234 million shares, representing 31.92% of the total number of shares in the company. If the repurchase plan is successfully implemented, the total share capital of the company will be reduced from 734 million shares to 500 million shares.
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