Bangyan Technology (688132) 上海证券报· Shang Hai Zheng Quan Bao·2025-05-26 19:29Core Viewpoint - The company proposes a share buyback plan to enhance employee motivation, attract talent, and boost investor confidence, reflecting strong belief in its future development and value [1][2]. Proposal Details - The type of shares to be repurchased is the company's issued ordinary shares (A-shares) [2]. - The purpose of the repurchase is for equity incentives or employee stock ownership plans, with specific uses to be determined by the board [2]. - The repurchase will be conducted through a centralized bidding system on the Shanghai Stock Exchange [2]. - The duration for the repurchase is set for 12 months from the board's approval date [2]. - The repurchase price will not exceed 150% of the average trading price of the company's shares over the 30 trading days prior to the board's resolution [2]. - The total funds allocated for the repurchase will be no less than RMB 30 million and no more than RMB 50 million [2]. - The source of funds for the repurchase will be the company's own funds [2]. Shareholder Activity - The proposer, Mr. Zhu Guosheng, has not engaged in buying or selling company shares in the six months prior to the proposal [3]. - There are currently no plans for Mr. Zhu to increase or decrease his shareholding during the repurchase period, and any future plans will be disclosed in accordance with relevant laws and regulations [4]. Commitment - Mr. Zhu has committed to actively promote the swift execution of the share buyback and will vote in favor of the proposal at the board meeting [5]. Previous Buyback Implementation - In a previous buyback conducted on October 11, 2024, the company repurchased 2,281,700 shares, accounting for 1.50% of the total share capital, at a maximum price of RMB 19.14 per share, a minimum price of RMB 12.00 per share, and an average price of RMB 15.34 per share, utilizing a total of RMB 35.0023 million [7].