Core Viewpoint - Zhengzhou Qianwei Yangchu Food Co., Ltd. plans to repurchase its ordinary shares using self-owned and self-raised funds, including a special loan for stock repurchase, to support employee stock ownership plans and equity incentives [1][2][3] Summary by Sections Repurchase Plan Overview - The total amount for the repurchase will be no less than RMB 40 million and no more than RMB 60 million, with a maximum repurchase price of RMB 43.21 per share [1][3] - The estimated number of shares to be repurchased is approximately 925,711 to 1,388,567 shares, accounting for about 0.95% to 1.43% of the company's total share capital [1][3] Purpose of the Repurchase - The repurchase aims to enhance investor confidence, stabilize the capital market, and establish a long-term incentive mechanism that aligns the interests of shareholders, the company, and employees [2][3] Compliance with Regulations - The repurchase plan complies with relevant regulations, including the "Regulations on the Repurchase of Shares by Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies" [3] Funding Sources - The funds for the repurchase will come from the company's own funds and self-raised funds, with the special loan not exceeding 90% of the total repurchase amount [4][6] Implementation Timeline - The implementation period for the repurchase is within 12 months from the approval date by the shareholders' meeting [4][5] Impact on Company Structure - The repurchase is not expected to significantly impact the company's operational, financial, or debt servicing capabilities, nor will it change the control of the company [6][7] Management's Commitment - The board of directors commits to acting in good faith and diligently to protect the interests of the company and its shareholders during the repurchase process [6][7] Disclosure and Reporting - The company will disclose the progress of the repurchase in a timely manner, including any significant changes or completion of the repurchase [8][10]
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