Kenmec Mechanical Engineering: Decide issues related to the transfer of own shares to employees.

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Supplied by: KENMEC MECHANICAL ENGINEERING CO., LTD.

SEQ_NO

1

announcement date

2022/07/04

Announcement time

19:09:42

Matter

 Decide on matters related to the transfer of
treasury shares to employees.

Date of events

2022/07/04

What item it responds to

paragraph 53

Statement

1.Date of occurrence of the event:2022/07/04
2.Company name:KENMEC MECHANICAL ENGINEERING CO., LTD.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:The board of directors of the company decided to
transfer treasury shares to employees.
6.Countermeasures:
(1)The company bought back 2,000,000 treasury shares from 2021/01/27 to
2021/03/05 (the first time in 2021) and from 2022/03/22 to 2022/05/19
(the first time in 2022) 2,000,000 shares are returned to the treasury,and a
total of 4,000,000 shares will be transferred to employees for subscription.
(2)The standards, rights and restrictions on the number of shares that
employees can subscribe for are based on the company's "2021 First Share
Repurchase and Transfer Employee Measures" and "2022 Year 2022 First Share
Repurchase and Transfer Employee Measures" (hereinafter referred to as the
transfer method)regulations.
(3)The transfer price is handled in accordance with the provisions of the
transfer method. The first transfer price in 2021 to employees is 24.80 yuan
 per share at the actual average buyback price of each time, and the first
transfer price in 2022 is 24.02 yuan per share.
(4)The base date for employee stock subscription is July 19, 2022, and the
chairman is authorized to handle relevant payment matters.
(5)If there is a change in the actual operation or other unfinished matters
later, the board of directors authorizes the chairman to deal with it.
7.Any other matters that need to be specified:None

Disclaimer

Kenmec Mechanical Engineering Co.Ltd. published this content on July 04, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jul 04, 2022 11:22:08 AM UTC.

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All news about KENMEC MECHANICAL ENGINEERING CO., LTD.

Sales 2021 4,039 million
136 million
136 million
Net income 2021 -283M
-9.49M
-9.49M
Net cash 2021 200M
6.71 million
6.71 million
PER 2021 ratio -24.8x
2021 performance 5.63%
Capitalization 6,938 million
233M
233M
EV / Sales 2020 1.85x
EV / Sales 2021 1.69x
# of employees
Floating 63.3%

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