SCTE(600674) 上海证券报· Shang Hai Zheng Quan Bao·2025-04-08 23:35Core Viewpoint - Sichuan Chuantou Energy Co., Ltd. plans to implement a share buyback program by its controlling shareholder, Sichuan Energy Development Group, with a total investment between 500 million and 1 billion RMB over the next 12 months, reflecting confidence in the company's future stability and growth [2][5][6]. Group 1: Buyback Plan Details - The controlling shareholder, Sichuan Energy Development Group, intends to increase its stake in the company through the Shanghai Stock Exchange, with a minimum investment of 500 million RMB and a maximum of 1 billion RMB [2][6]. - The buyback will not have a set price range and will be executed based on stock price fluctuations and overall market trends [2][6]. - The funding for the buyback will come from the shareholder's own or self-raised funds [2][7]. Group 2: Shareholder Background - The controlling shareholder, Sichuan Energy Development Group, currently holds 2,440,810,525 shares, representing 50.07% of the company's total equity [3]. - Prior to this announcement, the controlling shareholder had not disclosed any buyback plans in the past 12 months [3]. - The company underwent a merger that changed its controlling shareholder from Chuantou Group to Sichuan Energy Development Group, while the actual controller remains the Sichuan Provincial State-owned Assets Supervision and Administration Commission [3][4]. Group 3: Implementation and Commitments - The buyback is set to commence on April 9, 2025, and will be executed within a 12-month timeframe, considering market volatility and funding arrangements [6]. - The controlling shareholder commits not to reduce its holdings during the buyback period and within the legal timeframe [8]. - The buyback plan complies with relevant laws and regulations, and it will not trigger a mandatory takeover or change the company's governance structure [10].