AVIC (CHENGDU) UAS CO.(SH:688297) Zheng Quan Ri Bao·2025-04-26 00:04Core Viewpoint - The company plans to repurchase its shares to enhance investor confidence and establish a long-term incentive mechanism, with a total repurchase amount between RMB 100 million and RMB 200 million [7][20]. Financial Data - The repurchase price will not exceed RMB 60.52 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [21]. - The estimated number of shares to be repurchased ranges from approximately 165.23 million shares (at the lower limit) to 330.46 million shares (at the upper limit), representing about 0.24% to 0.49% of the company's total share capital [20]. Shareholder Information - Major shareholders, including Chengdu Industrial Investment Group Co., Ltd., have disclosed plans for share reduction, but no other major shareholders have immediate plans to reduce their holdings [8][27]. - The chairman and other executives have plans to increase their holdings during the repurchase period [8][29]. Repurchase Plan Details - The repurchase will be conducted through the Shanghai Stock Exchange via centralized bidding and is expected to be completed within 12 months from the approval date by the shareholders' meeting [12][13]. - If the repurchased shares are not transferred within three years, they will be canceled [18][29]. Legal and Compliance - The repurchase plan requires approval from the shareholders' meeting and must comply with relevant regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [10][32]. - The company has confirmed that there are no insider trading or market manipulation activities related to the repurchase proposal [26][29]. Impact on Company Operations - The repurchase is not expected to significantly impact the company's operations, financials, or debt servicing capabilities, as the funds will come from the company's own resources [25]. - The company's total assets as of December 31, 2024, were RMB 872.89 million, with a debt-to-asset ratio of 34.86%, indicating a stable financial position to support the repurchase [25].