Shang Hai Zheng Quan Bao·2025-05-07 21:16Core Viewpoint - The company has initiated a share repurchase program to enhance shareholder value and reduce registered capital by repurchasing shares through the Shenzhen Stock Exchange at a maximum price of 31.50 CNY per share [2]. Group 1: Share Repurchase Plan - The company approved a share repurchase plan with a total funding amount between 195 million CNY and 389 million CNY, with a duration of 12 months from the approval date [2]. - The repurchased shares will be used for cancellation and reduction of registered capital [2]. Group 2: Repurchase Progress - As of April 30, 2025, the company has repurchased a total of 14,347,174 shares, accounting for 0.574% of the total share capital, with a total expenditure of approximately 278 million CNY [3]. - The highest transaction price during the repurchase was 20.99 CNY per share, while the lowest was 17.95 CNY per share [3]. Group 3: Compliance and Regulations - The company has established a dedicated securities account for the share repurchase, in compliance with relevant regulations [3]. - The repurchase activities are conducted in accordance with the Shenzhen Stock Exchange's self-regulatory guidelines and do not occur during periods that could significantly impact the stock price [4][5].