Core Viewpoint - The announcement details the completion of a share buyback plan by Zhejiang Dechuang Enterprise Management Co., Ltd., a concerted action party of the actual controller of Mingxin Xuteng New Materials Co., Ltd., which involved purchasing shares worth approximately RMB 25.61 million, exceeding the lower limit of the planned investment [1][2][4]. Summary by Sections 1. Buyback Plan Disclosure - On March 6, 2025, the company disclosed a buyback plan where Dechuang Management intended to purchase shares worth between RMB 25 million and RMB 50 million within six months, with a maximum shareholding increase of 2% of the total share capital [1]. 2. Implementation Results - As of the announcement date, Dechuang Management had acquired 1,496,000 shares, representing 0.92% of the total share capital, with a total investment of RMB 25.61 million, thus completing the buyback plan [2][3]. - The total share capital was calculated based on 162,140,136 shares as of May 20, 2025 [2]. 3. Buyback Entity Information - The buyback entity, Zhejiang Dechuang Enterprise Management Co., Ltd., is identified as a concerted action party of the actual controller and holds 9,500,000 shares prior to the buyback [2]. 4. Legal Compliance - The buyback actions were confirmed to comply with relevant laws and regulations, including the Securities Law and the Management Measures for Acquisitions, ensuring that the buyback did not alter the control of the company [3][4].
明新旭腾: 明新旭腾实际控制人之一致行动人增持股份结果公告