GREE(SZ:000651) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-08 23:06Core Viewpoint - The company, Zhuhai Gree Electric Appliances Co., Ltd., is undergoing a share buyback plan initiated by its major shareholder, Jinghai Internet Technology Development Co., Ltd., to enhance investor confidence and support the company's sustainable development [3][6]. Group 1: Buyback Plan Details - Jinghai Internet plans to increase its stake in Gree Electric with a total investment ranging from RMB 10.5 billion to RMB 21 billion [3][7]. - As of the announcement date, Jinghai Internet has already acquired 1,660,400 shares, representing 0.0296% of the total share capital, with an investment of RMB 72.36 million [3][14]. - Prior to this buyback, Jinghai Internet held 392,442,954 shares, accounting for 7.01% of the total share capital [4]. Group 2: Implementation Timeline and Method - The buyback plan is set to be executed from March 4, 2025, to September 3, 2025, with the possibility of extension if the company's stock is suspended [8]. - The shares will be acquired through a centralized bidding process on the Shenzhen Stock Exchange [9]. Group 3: Funding and Commitment - The funding for the buyback will come from Jinghai Internet's own funds and special loans from financial institutions [11]. - Jinghai Internet commits not to reduce its holdings during the buyback period and will complete the plan within the specified timeframe [11]. Group 4: Regulatory Compliance - The buyback plan complies with relevant laws and regulations, ensuring that it does not affect the company's listing status or control [15].