UTIMES(SH:688638) Shang Hai Zheng Quan Bao·2025-05-23 19:48Core Viewpoint - Shenzhen Yuchen Intelligent Equipment Co., Ltd. has successfully completed a share repurchase program, utilizing excess funds from its initial public offering, aimed at employee stock ownership plans or equity incentives [2][4]. Group 1: Share Repurchase Approval and Plan - The company approved a share repurchase plan on April 26, 2024, allowing for a total repurchase amount between RMB 30 million and RMB 50 million [2]. - The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange within 12 months from the shareholder meeting approval [2]. Group 2: Share Repurchase Implementation - As of May 24, 2025, the company repurchased 1,045,317 shares, representing 1.87% of the total share capital of 56 million shares [4]. - The highest repurchase price was RMB 33.80 per share, the lowest was RMB 20.79, and the average price was RMB 28.82, with a total expenditure of RMB 30.12 million [4]. Group 3: Shareholder Transactions During Repurchase Period - The company disclosed that during the repurchase period, the only transaction was by a supervisor, who sold 335,943 shares, accounting for 0.6% of the total share capital [6]. Group 4: Treatment of Repurchased Shares - The repurchased shares will be stored in a dedicated securities account and will not enjoy rights such as profit distribution or voting rights [7]. - The company plans to use the repurchased shares for employee stock ownership plans or equity incentives, with a provision to cancel any unutilized shares within three years [7].