Weide Information(SH:688171) Shang Hai Zheng Quan Bao·2025-04-02 18:23Core Viewpoint - The company has successfully completed a share repurchase program, utilizing both self-owned funds and a special loan for the repurchase, aimed at employee stock ownership plans or equity incentives [2][4][6]. Group 1: Share Repurchase Approval and Plan - The company approved a share repurchase plan on September 30, 2024, allowing for the repurchase of shares at a price not exceeding RMB 19.05 per share, with a total fund range of RMB 20 million to RMB 30 million [2]. - The repurchase period is set for 12 months following the approval from the shareholders' meeting [2]. Group 2: Adjustment of Funding Sources - On November 11, 2024, the company adjusted the funding sources for the repurchase from "self-owned funds" to include "self-raised funds and self-owned funds" [3]. - The company secured a special loan commitment from China Construction Bank for up to RMB 21 million specifically for the share repurchase [3]. Group 3: Implementation of Share Repurchase - The company initiated its first share repurchase on November 21, 2024, acquiring 159,100 shares [4]. - By December 17, 2024, the cumulative repurchased shares reached 1% of the total share capital [4]. - As of the announcement date, the company had repurchased a total of 1,080,000 shares, representing 1.2892% of the total share capital, with a total expenditure of RMB 20,319,609.28 [4][5]. Group 4: Handling of Repurchased Shares - The repurchased shares will be used for equity incentives or employee stock ownership plans, and during the holding period, these shares will not have voting rights or profit distribution rights [6]. - If the shares are not utilized within three years, the company will follow legal procedures to reduce its registered capital [6].