GYLS(SH:600059) Zheng Quan Zhi Xing·2025-05-22 12:47Core Viewpoint - The company, Zhejiang Guyue Longshan Shaoxing Wine Co., Ltd., has announced a share repurchase plan to enhance shareholder value and demonstrate confidence in its future development [1][4]. Summary by Sections Share Repurchase Plan - The repurchase aims to utilize the shares for employee stock ownership plans or equity incentives, with any unutilized shares to be canceled if not used within 36 months [4][11]. - The total amount for the repurchase is set between RMB 200 million and RMB 300 million [4][7]. - The repurchase period is limited to 12 months from the board's approval date [5][7]. - The maximum repurchase price is capped at RMB 12.83 per share, which is 150% of the average trading price over the previous 30 trading days [4][7]. Approval and Implementation - The board of directors approved the repurchase plan with unanimous support, meeting the necessary legal and regulatory requirements [4][5]. - The repurchase will be conducted through the Shanghai Stock Exchange using a centralized bidding method [5][7]. Financial Impact - As of March 31, 2025, the company's total assets are RMB 671,142.70 million, with net assets of RMB 595,439.39 million. The repurchase amounts represent 4.47%, 5.04%, and 7.34% of total assets, net assets, and current assets, respectively [8]. - The company’s debt-to-asset ratio stands at 10.71%, indicating that the repurchase will have a minimal impact on daily operations and financial stability [8]. Share Structure Changes - The repurchase is expected to reduce the number of publicly held shares, with estimates showing a decrease in the proportion of unrestricted shares from 100% to approximately 97.43% at the upper limit of the repurchase [7][8]. Governance and Compliance - The company has ensured that there are no conflicts of interest or insider trading related to the repurchase plan, with all relevant parties confirming no plans for share sales in the near future [9][10]. - The board has authorized the chairman to manage the repurchase process within the legal framework, ensuring compliance with all regulations [12].