Zhongxin Finance, April 13. Jiangsu Tongling Electric Co., Ltd. issued an announcement on the 13th on the violation of the company's stock purchase during the window period of the director's spouse and an apology.

　　According to the announcement, the company’s director Zhang Kexiang’s spouse purchased a total of 200 shares of the company on March 22, 2022 and April 8, 2022, with a transaction amount of 8,300 yuan and an average transaction price of 41.5 yuan, accounting for 0.000167% of the company’s total share capital.

The company has previously made an appointment to disclose the "2021 Annual Report" on April 26, 2022, so Zhang Kexiang's spouse bought 100 shares on April 8, 2022 (a total of 100 shares, the transaction amount is 3,678.00 yuan, and the average transaction price is 36.78 yuan) to buy. The act of entering the company's shares violated the "Guidelines for the Self-discipline and Supervision of Listed Companies of Shenzhen Stock Exchange No. 2 - Standardized Operation of Companies Listed on the Growth Enterprise Market", "Management Rules for the Shares Held by Directors, Supervisors and Senior Management of Listed Companies and Their Changes", "Shenzhen" No. 10 of the Stock Exchange Self-Regulatory Supervision Guidelines for Listed Companies—Management of Changes in Shares and other relevant rules stipulate that directors, supervisors, senior managers, securities affairs representatives and their spouses of listed companies shall not buy or sell the company's stocks and Regulations on its derivatives.

　　Tongling shares stated that although the transaction was within the 30-day window period before the company disclosed the "2021 Annual Report", there was no sensitive information affecting the company's stock price fluctuations at the time of the transaction of Zhang Kexiang's spouse.

It is understood that Zhang Kexiang did not know the relevant situation of the stock transaction in advance, and did not inform his spouse about the relevant situation of the company's operation or other undisclosed information, and there is no motive for insider trading to seek benefits.

　　The announcement stated that Zhang Kexiang and his spouse promised that such incidents would not occur in the future, and sincerely apologized to the majority of investors for buying the company's stock during this window period.

At the same time, Zhang Kexiang and his spouse promised not to reduce their holdings of the company's shares in the next 6 months.

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