Bayi Space(SH:688181) Zheng Quan Zhi Xing·2025-05-16 12:15Core Viewpoint - The company plans to repurchase its shares through a centralized bidding process, with a total repurchase amount ranging from RMB 50 million to RMB 100 million, utilizing its own funds and a special loan from Shanghai Pudong Development Bank [1][4][10]. Group 1: Repurchase Plan Details - Total repurchase amount: Not less than RMB 50 million and not exceeding RMB 100 million [1][4]. - Source of funds: Company’s own funds and a special loan from Shanghai Pudong Development Bank, with the loan amount not exceeding RMB 70 million [1][4][8]. - Purpose of repurchase: To be used for employee stock ownership plans or equity incentives [1][4][10]. - Maximum repurchase price: Not exceeding RMB 40 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][4][6]. - Repurchase method: Through the Shanghai Stock Exchange trading system via centralized bidding [1][4][5]. Group 2: Implementation Timeline and Procedures - Repurchase period: Within 12 months from the board's approval of the repurchase plan [4][5]. - Board meeting: The proposal was approved unanimously by the board on May 16, 2025 [2][3]. - No existing plans for major shareholders to reduce their holdings during the repurchase period [1][11]. Group 3: Financial Impact and Company Position - Estimated repurchase quantity: Between 1.25 million shares and 2.5 million shares, representing approximately 0.93% to 1.86% of the total share capital [6][7]. - Company’s total assets: As of March 31, 2025, total assets were RMB 3.036 billion, with net assets of RMB 2.062 billion [10]. - The repurchase will not significantly impact the company's operations, finances, or future development [10][12].