Lanzhou Bank (001227.SZ) has disclosed a plan to stabilize its stock price, effective from October 21, 2024, until 202.
According to the Zhizhong Finance APP report, Lanzhou Bank (001227.SZ) disclosed a plan to stabilize its stock price, noting that from October 21, 2024, to November 15, 2024, the company's stock has closed below 4.81 yuan for 20 consecutive trades, reaching the conditions to trigger the stabilization measures.
In accordance with legal regulations, and under the rules of the Securities Regulatory Commission and banking oversight authorities, based on the 'Stabilization Plan', major shareholders (those holding 5% or more of the company's shares before issuance) will hold additional shares with no less than 15% of the funds from the company's latest annual cash dividends at the time of the announcement of the specific stabilization plan; current directors (excluding independent directors and those not receiving compensation from the company), and current senior management (excluding those not receiving compensation from the company) will allocate an amount for stabilizing the company's stock price of no less than 15% of the total after-tax compensation received from the company in the previous year, within every twelve months from the date of the company's stock listing. The total amount proposed for additional shareholding is no less than 26.9361 million yuan. This additional holding plan does not set a price range, and will be determined based on the market price.