神火股份: 河南神火煤电股份有限公司股份回购报告书

Key Points Summary Core Viewpoint - The company, Henan Shenhuo Coal and Electricity Co., Ltd., has announced a share repurchase plan using its own funds, with a total amount not exceeding RMB 450 million, to enhance investor confidence and implement an equity incentive plan [1][2]. Group 1: Share Repurchase Plan Details - The repurchase will be conducted at a price not exceeding RMB 20 per share, with a duration of 12 months from the board's approval date [1][3]. - The purpose of the repurchase is to maintain investor rights, enhance confidence, and improve the long-term incentive mechanism for core personnel [2][3]. - The expected number of shares to be repurchased is at least 22.5 million, accounting for approximately 1.00% of the company's total share capital [3][4]. Group 2: Financial Impact and Conditions - The total assets of the company as of December 31, 2024, are RMB 5,060.27 million, with net assets of RMB 2,168.17 million and cash reserves of RMB 328.26 million [4][5]. - The repurchase amount represents about 0.89% of total assets and 2.08% of net assets, indicating that it will not significantly impact the company's operational and financial capabilities [5][6]. - The company has established a dedicated securities account for the repurchase, ensuring compliance with relevant regulations [6][7]. Group 3: Governance and Compliance - The board of directors approved the repurchase plan with unanimous support, and it does not require further shareholder approval [1][7]. - There are no current plans for share buybacks or sales by major shareholders or executives during the repurchase period [2][8]. - The company commits to timely disclosure of any developments related to the repurchase and will ensure that the rights of creditors are protected [5][8].