Group 1 - On August 20, 18 companies announced a total of 19 stock repurchase plans, with 8 companies disclosing their repurchase plans for the first time and 10 companies completing their repurchase plans [1] - The companies with the highest proposed repurchase amounts are RuYuchen, Zhongshun Jierou, and Shanwaishan, with planned repurchases of up to 200 million, 160 million, and 14.1146 million respectively [1] - The companies that have completed the highest amounts of repurchases are Baoxin Software, Huakai Yibai, and Xinxinwei, with completed repurchases of 185 million, 9.47017 million, and 5.56813 million respectively [1]

Core Viewpoint - Shanghai Xinxiangwei Electronics Co., Ltd. has implemented a share repurchase plan to enhance shareholder value and improve company performance through the buyback of its own shares [2][5]. Group 1: Share Repurchase Plan - On February 20, 2024, the company approved a share repurchase plan using its own funds, with a total repurchase amount between RMB 45 million and RMB 80 million, and a maximum repurchase price of RMB 16.60 per share [2]. - The maximum repurchase price was adjusted to RMB 16.56 per share following the annual equity distribution for 2023 [3]. - On February 10, 2025, the company revised the repurchase plan, increasing the maximum price to RMB 30.00 per share and extending the repurchase period by six months to August 19, 2025 [4]. Group 2: Implementation Status - The company executed its first share repurchase on March 22, 2024, and has since reported monthly progress on the repurchase activities [5]. - As of August 19, 2025, the company had repurchased a total of 3,970,253 shares, representing 0.86% of the total share capital, with a total expenditure of approximately RMB 55.68 million [5]. Group 3: Share Handling Arrangements - The repurchased shares will be used for employee stock ownership plans or equity incentives, and any unutilized shares within three years will be canceled [8]. - During the holding period, the repurchased shares will not have voting rights or rights to dividends and other benefits [8].

证券代码：688593 证券简称：新相微 公告编号：2025-059 上海新相微电子股份有限公司 关于股份回购实施结果暨股份变动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/2/21，由公司实际控制人、董事长、总经理 | | | | | | --- | --- | --- | --- | --- | --- | | | 提议 | | | | | | 回购方案实施期限 | 年 月 月 日 2025 2 8 | 20 | 日~2025 | 年 | 19 | | 预计回购金额 | 4,500万元~8,000万元 | | | | | | 回购价格上限 | 30.00元/股 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | □用于转换公司可转债 | | | | | | | □为维护公司价值及股东权益 | | | | | | 实际回购股数 | 397.0253万股 | | | | | | 实际回购股数占总股本比例 ...

Group 1 - The company, Xinxiangwei (688593.SH), announced a share buyback program, having repurchased a total of 3.970253 million shares, which represents 0.86% of its total share capital [1] - The highest price at which the shares were repurchased was 22.50 CNY per share, while the lowest price was 7.97 CNY per share [1] - The total amount spent on the share buyback was 55.6813 million CNY, excluding transaction commissions and other trading fees [1]

格隆汇8月19日丨新相微(688593.SH)公布，截至2025年8月19日，公司通过上海证券交易所系统以集中 竞价交易方式累计回购公司股份397.0253万股，占公司总股本的比例为0.86%，回购成交的最高价为 22.50元/股，最低价为7.97元/股，支付的资金总额为人民币5568.13万元（不含交易佣金等交易费用）。 ...

Core Viewpoint - Xinxiangwei (688593.SH) announced the termination of the issuance of shares, convertible bonds, and cash payment for asset acquisition, along with related fundraising matters due to a lack of consensus among transaction parties [1][2]. Financial Performance - In 2024, Xinxiangwei achieved operating revenue of 50,739.99 million, a year-on-year increase of 5.61% compared to 48,044.73 million in 2023 [2][3]. - The net profit attributable to shareholders was 843.29 million, reflecting a significant decline of 69.38% from 2,753.91 million in the previous year [2][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -368.23 million, a decrease of 117.31% from 2,127.79 million in 2023 [2][3]. - The net cash flow from operating activities was -6,686.70 million, down 169.90% from 9,566.06 million in the previous year [2][3]. Capital Raising and Share Issuance - Xinxiangwei's total fundraising amount was 102,750.78 million, with a net amount of 91,657.46 million after deducting issuance costs [4][5]. - The company planned to raise 151,902.70 million for various projects, including the development and industrialization of AMOLED display driver chips and the construction of a testing production line [4].

Core Viewpoint - The company has decided to terminate the acquisition of 100% equity in Shenzhen Aixiangsheng Technology Co., Ltd. due to a lack of consensus among the transaction parties regarding the final plan [2] Group 1: Termination of Acquisition - On August 9, the company announced the termination of the issuance of shares, convertible bonds, and cash payment for asset acquisition, along with the related fundraising [2] - The management has been authorized to handle the termination of this transaction [2] - The initial plan involved acquiring 100% equity of Aixiangsheng and raising funds from no more than 35 specific investors [2] Group 2: Reasons for Termination - The termination was prompted by the inability of the transaction parties to reach an agreement on the final plan [2] - The company emphasized the need to protect the interests of the company and all shareholders [2] - A thorough review and negotiation with the transaction parties led to the decision to terminate the acquisition [2] Group 3: Background on Aixiangsheng - Aixiangsheng is primarily engaged in the research, design, and sales of various chip products, including display driver chips and touch control driver chips [2] - The company previously believed that this major asset restructuring would enhance domestic substitution trends, strengthen the supply chain, and improve key technological capabilities for high-quality development [2]

Core Viewpoint - The company, Xinxiangwei, has terminated its proposed major asset restructuring plan with Shenzhen Aixiangsheng Technology Co., Ltd, stating that this adjustment will not affect its normal operations and strategic progress, and it will continue to accelerate technological innovation and product layout in line with its established development direction [1] Group 1: Company Overview - Xinxiangwei specializes in the research and sales of display chips and is recognized as a national-level "little giant" enterprise, having built a comprehensive product matrix covering various applications such as smart wearables, mobile phones, and automotive displays over two decades [2] - The company aims for "high-end display chip domestic substitution" and has made significant breakthroughs in technology, particularly in AMOLED display driver chips and timing control chips for various applications [2] Group 2: Technological Development - Xinxiangwei has extended its research into next-generation display technologies, with its MicroLED products currently applied in AR glasses, providing display solutions for virtual reality interactions and remote collaboration [3] - The company emphasizes a diversified product and technology layout, continuously increasing R&D investment, and expanding its product categories while actively seeking new customers [3] Group 3: Industry Collaboration and Competitive Advantage - The company maintains long-term collaborations with leading domestic panel manufacturers, such as BOE, which provide precise market demand feedback for technological iterations [4] - Xinxiangwei has established a strong supply chain presence with major brands like Huawei and Xiaomi, gradually increasing its market share in the consumer electronics sector [4] - The company has a strategic partnership with BOE's controlling shareholder, Beijing Electric Control, and collaborates with well-known suppliers to deepen industry chain cooperation and promote design and process integration [4] Group 4: Future Strategy - Although the acquisition of Aixiangsheng was terminated, Xinxiangwei will continue its layout in TDDI technology and will explore various models, including self-research and mergers, to enhance its product line and core technology breakthroughs [5]

Core Viewpoint - Several shareholders across various companies are planning to reduce their stakes, with most reductions not exceeding 3% of total shares [1] Shareholder Reductions - Jiuliang Co., shareholders Rongxinliang and Zhuochu Guang plan to reduce their holdings by no more than 3% [1] - Inse Group, Orange Alliance Investment intends to reduce its stake by no more than 1% [1] - Xuelang Environment, shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by a total of no more than 3% [1] - Haide Control, actual controller Guo Menglong plans to reduce his stake by no more than 3% [1] - Ailis, shareholders Shanghai Aixiang and Nantong Aiyun plan to reduce a total of no more than 13.5 million shares [1] - Huaxia Happiness, shareholders Ping An Life and Ping An Asset Management plan to reduce their holdings by a total of no more than 3% [1] - Tonglian Precision, actual controller Yang Hu plans to reduce his stake by no more than 2.375% [1] - Henggong Precision, shareholder Jingjinji Fund plans to reduce its stake by no more than 3% [1] - Dajia Weikang, director Zhong Xuesong plans to reduce his stake by no more than 1.7% [1] - Chuanwang Media, China Youth Publishing Group plans to reduce its stake by no more than 1% [1] Other Corporate Actions - Jinlihua Electric has terminated its plan for a major asset restructuring [1] - New Xiangwei has terminated the acquisition of 100% equity in Aixiangsheng [1]

Group 1 - The company held its second board meeting on August 8, 2025, with all 9 directors present, confirming compliance with relevant laws and regulations [2][4] - The board approved the termination of the plan to issue shares, convertible bonds, and cash for asset acquisition, authorizing management to handle the termination [3][10] - The decision to terminate the transaction was made due to the inability of the parties involved to reach a consensus on the final plan, ensuring the protection of the company's and shareholders' interests [11][12] Group 2 - The company had previously planned to acquire 100% equity of Shenzhen Aisheng Technology Co., Ltd. through the issuance of shares, convertible bonds, and cash, which was expected to meet the criteria for a major asset restructuring [7][8] - The company followed all legal requirements and disclosed relevant risks and uncertainties during the transaction process, including a suspension of trading since March 3, 2025 [8][9] - The termination of the transaction is not expected to adversely affect the company's current operations or strategic development [15] Group 3 - The company committed to not planning any major asset restructuring within one month following the announcement of the termination [16] - An investor briefing is scheduled for August 11, 2025, to address investor concerns regarding the termination of the major asset restructuring [17][19] - The company will provide a platform for investors to submit questions prior to the briefing, ensuring transparency and communication [20][23]