Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
WUXI APPTEC CO., LTD.*
無錫藥明康德新藥開發股份有限公司
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 2359)
INSIDE INFORMATION
PROPOSED DISPOSAL OF A SHARES BY SHAREHOLDERS
This announcement is made by WuXi AppTec Co., Ltd.* (無錫藥明康德新藥開發股份有 限公司) (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated April 30, 2019, in relation to, among other things, the end of lock-up period of Restricted A Shares under the A Share IPO (the "Announcement"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Announcement.
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PROPOSED DISPOSAL OF A SHARES BY SHAREHOLDERS
The Company has been informed by the following shareholders (the "Selling Shareholders") that they intend to dispose of certain A Shares (the "Proposed Disposal") during the period as stipulated below (the "Relevant Period") through bidding, which shall be subject to percentage restrictions under the applicable PRC laws. Details of the Proposed Disposal are as follows:
Maximum | |||||||
Maximum | percentage of | ||||||
number of A | total issued | ||||||
Shares to be | shares of the | Source of A | |||||
disposed by the | Company under | Method of | Period of the | Price range for | Shares for | Reason for | |
Selling | relevant Selling | the Proposed | the Proposed | Proposed | the Proposed | the Proposed | the Proposed |
Shareholder | Shareholder | Disposal | Disposal | Disposal | Disposal | Disposal | Disposal |
Glorious | Up to 16,381,837 | Up to 1.00% | By bidding: | Bidding: | Based on market | From other means | Normal divestment |
Moonlight | A Shares | up to | from December | price | (including | of fund | |
16,381,837 | 16, 2019 to | A Shares | |||||
A Shares | March 14, 2020 | obtained | |||||
before the A | |||||||
Share IPO and | |||||||
pursuant to the | |||||||
capitalization | |||||||
of reserve of | |||||||
the Company in | |||||||
2018) | |||||||
Jiashi Kangheng | Up to 16,381,837 | Up to 1.00% | By bidding: | Bidding: | Based on market | From other means | Normal divestment |
A Shares | up to | from December | price | (including | of fund | ||
16,381,837 | 16, 2019 to | A Shares | |||||
A Shares | March 14, 2020 | obtained | |||||
before the A | |||||||
Share IPO and | |||||||
pursuant to the | |||||||
capitalization | |||||||
of reserve of | |||||||
the Company in | |||||||
2018) | |||||||
WXAT BVI | Up to 16,381,837 | Up to 1.00% | By bidding: | Bidding: | Based on market | From other means | Normal divestment |
A Shares | up to | from December | price | (including | of fund | ||
16,381,837 | 16, 2019 to | A Shares | |||||
A Shares | March 14, 2020 | obtained | |||||
before the A | |||||||
Share IPO and | |||||||
pursuant to the | |||||||
capitalization | |||||||
of reserve of | |||||||
the Company in | |||||||
2018) |
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The Selling Shareholders will decide whether to carry out the Proposed Disposal after taking into account various factors, including the regulatory requirements, their own asset allocation plan, market conditions and share price of the Company. Accordingly, the number of A Shares to be disposed of and the selling price of A Shares are subject to changes. The Proposed Disposal shall not result in any change of control in the Company.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By order of the Board
WuXi AppTec Co., Ltd.*
Dr. Ge Li
Chairman
Hong Kong, November 22, 2019
As of the date of this announcement, the Board of the Company comprises Dr. Ge Li, Mr. Edward Hu, Mr. Xiaozhong Liu, Mr. Zhaohui Zhang and Dr. Ning Zhao as executive Directors, Mr. Xiaomeng Tong and Dr. Yibing Wu as non-executive Directors and Dr. Jiangnan Cai, Ms. Yan Liu, Mr. Dai Feng, Dr. Hetong Lou and Mr. Xiaotong Zhang as independent non-executive Directors.
- For identification purpose only
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WuXi AppTec Co. Ltd. published this content on 22 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2019 13:11:09 UTC