ZTBH(SZ:000957) Shang Hai Zheng Quan Bao·2025-04-09 19:22Core Viewpoint - The chairman of Zhongtong Bus Co., Ltd. proposed a share buyback to enhance company value and investor confidence, as well as to establish a long-term incentive mechanism for employees [1][4]. Group 1: Proposal Details - The proposal was made by Chairman Wang Xingfu on April 9, 2025 [1]. - The purpose of the buyback is to maintain company value, enhance investor confidence, and align the interests of shareholders, the company, and employees [1][3]. - The buyback will be conducted through centralized bidding on the Shenzhen Stock Exchange [4]. Group 2: Buyback Specifications - The buyback will involve the company's ordinary shares (A-shares) [2]. - The maximum buyback price will not exceed 150% of the average trading price over the 30 trading days prior to the board's approval [4]. - The total funds allocated for the buyback will be no less than RMB 60 million and no more than RMB 120 million [4][5]. - The funds for the buyback will come from the company's own resources [5]. - The buyback period will not exceed 12 months from the board's approval [6]. Group 3: Chairman's Trading Activity - Chairman Wang Xingfu has not traded the company's shares in the six months prior to the proposal [8]. - There are currently no plans for him to increase or decrease his holdings during the buyback period [10].