HXPP(002228) Zheng Quan Zhi Xing·2025-05-16 11:30Core Viewpoint - The company has successfully completed its fourth share repurchase plan, acquiring a total of 33,631,756 shares, which represents 2.81% of its total share capital, with a total expenditure of approximately RMB 92.58 million [3][6]. Summary by Sections Share Repurchase Plan - The company approved a share repurchase plan on May 23, 2024, using its own funds to buy back shares at a price not exceeding RMB 4.06 per share, later adjusted to RMB 3.95 due to annual equity distribution [1]. - On December 18, 2024, the company modified the funding source for the repurchase from "own funds" to include "own funds and self-raised funds" [2]. Implementation Details - The repurchase began on June 7, 2024, and the company disclosed the progress of the repurchase in compliance with regulations [3]. - As of May 15, 2025, the company had repurchased a total of 33,631,756 shares, with the highest transaction price at RMB 3.28 and the lowest at RMB 2.27 per share [3]. Compliance and Impact - The repurchase did not significantly affect the company's financials, operations, or control structure, and the shareholding distribution remains compliant with listing requirements [3]. - The company confirmed that there were no insider trading or market manipulation activities by its directors, supervisors, or major shareholders during the repurchase period [5]. Future Arrangements - The repurchased shares will be used for employee stock ownership plans, equity incentive plans, or conversion of convertible bonds, and will not carry voting rights or other shareholder privileges [7]. - If the shares are not utilized within the stipulated timeframe, any unutilized shares will be canceled following the necessary procedures [7].