Securities Code: 600136 Securities abbreviation:Contemporary styleNotice No.: Pro. 2021-093
Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd. on the reduction of holdingsTianfeng securities co., Ltd.Announcement of equity
The Company and all members of the board of directors guarantee that there are no false records, misleading statements or material omissions in the contents of the announcement, and bear individual and joint and several liability for the truthfulness, accuracy and completeness of its contents.
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Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd. (hereinafter referred to as "the Company") intends to choose an opportunity to reduce its holdings in the manner allowed by the Shanghai Stock Exchange (including but not limited to block trading and centralized bidding). Tianfeng Securities Co., Ltd. (hereinafter referred to as "Tianfeng Securities") unlimited sale of 49082752 shares of outstanding shares under conditions.
This transaction does not constitute a related party transaction, does not constitute a major asset restructuring, and there are no major legal obstacles to the implementation of the transaction.
This transaction is within the scope of approval of the board of directors and does not need to be submitted to the general meeting of shareholders for consideration.
I. Overview of the transaction
(1) the company intends to reduce its holdings of no more than 49082752 shares in unlimited selling conditions of Tianfeng Securities held by the company in the manner permitted by the Shanghai Stock Exchange (including but not limited to centralized bidding and block trading).
(2) the examination and approval procedures for the performance of the transaction
On October 26, 2021, the 29th meeting of the ninth session of the board of directors of the company deliberated and adopted the "motion on reducing the company's shareholding in Tianfeng securities", agreeing to the capital requirements of the company according to its future development. In the manner permitted by the Shanghai Stock Exchange (including but not limited to block trading and centralized bidding), the opportunity to reduce the holdings of no more than 49082752 shares (accounting for 0.57% of the total share capital of Tianfeng Securities) held by the company, the reduction period is within six months after 3 trading days from the date of announcement, and the centralized bidding is within six months after 15 trading days from the date of announcement. At the same time, the management of the company is authorized to implement the matter according to the situation of the securities market.
(3) this transaction is within the scope of approval of the board of directors and does not need to be submitted to the shareholders' meeting of the company for consideration.
II. The basic situation of this transaction
(1) the reduced shares and the number of shares shall not exceed 49082752 shares held by the company under unlimited conditions of sale.
(2) Source of reduced shares: 49082732 shares in the unlimited sale conditions tradable shares of Tianfeng Securities to be reduced this time are shares held before the initial public offering and listing of Tianfeng Securities, and 20 shares are allocated shares of the public offering securities participating in the rights issue of Tianfeng Securities.
(3) the price and method of reduction: it is proposed to be sold at the market price in the manner permitted by the Shanghai Stock Exchange (including but not limited to block trading and centralized bidding).
(4) reduction period: within six months after 3 trading days from the date of announcement of the reduction plan, the concentrated bidding shall be within six months after 15 trading days from the date of announcement of the reduction plan.
III. The purpose of this transaction and its impact on the company
According to the capital demand of the future development, the company will make a certain investment income by choosing the opportunity to reduce its stake in Tianfeng Securities in the way allowed by the Shanghai Stock Exchange (including but not limited to bulk trading and centralized bidding). It will help to improve the efficiency of the use of the company's overall assets and maximize the interests of shareholders.
IV. Risk hints
1. This transaction arrangement is a decision made by the company according to the capital needs of its own development in the future. during the authorization period, the company will make specific arrangements for whether and how to implement this transaction according to the market situation, the share price of Tianfeng Securities and other factors. there is some uncertainty.
2. As the company's shares in Tianfeng Securities have been classified as financial assets measured at fair value and its changes are included in other comprehensive income, the completion of the transaction will not affect the company's current profit or loss. Investors are respectfully invited to pay attention to the investment risk.
It is hereby announced.
Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd.
October 26, 2021
Securities Code: 600136 Securities abbreviation: contemporary style announcement No.: Lin 2021-092
Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd.
Announcement of the resolution of the 29th meeting of the Ninth Board of Directors
The board of directors and all directors of the Company guarantee that there are no false records, misleading statements or material omissions in the contents of this announcement, and bear individual and joint and several liability for the authenticity, accuracy and completeness of its contents.
I. the convening of the meeting of the board of directors
(1) the convening of this board meeting conforms to the provisions of relevant laws, administrative regulations, departmental rules, normative documents and the company's articles of association.
(2) the notice and materials of this board meeting will be notified to the directors by fax and e-mail on October 22, 2021.
(3) this meeting of the board of directors will be held by means of communication on October 26, 2021.
(4) 9 directors shall attend this board meeting, and 9 directors shall actually attend the meeting.
II. Deliberations at board meetings
(1) the motion on the reduction of the company's shareholding in Tianfeng Securities
The voting result of this motion is: 9 votes for, 0 votes against and 0 abstention. The motion was carried.
It is hereby announced.
Board of Directors of Wuhan Contemporary Mingcheng Culture and Sports Group Co., Ltd.
October 26, 2021