Orbbec (SH:688322) Zheng Quan Zhi Xing·2025-06-04 10:23Core Viewpoint - The company has approved a plan to repurchase shares through a centralized bidding process, which will involve converting a portion of special voting rights shares into ordinary shares to maintain the original voting rights ratio [1][2][5] Group 1: Special Voting Rights Setup - The company has established a dual-class share structure, consisting of 82,800,000 A shares with special voting rights held by the controlling shareholder, Huang Yuanhao, where each A share has five times the voting power of a B share [2] - The special voting rights arrangement has been functioning normally since its approval in January 2021 and will continue to operate in accordance with the company's articles of association and relevant laws [2] Group 2: Conversion of Special Voting Rights Shares - The company plans to convert 8,433 special voting rights shares held by Huang Yuanhao into ordinary shares to ensure that the special voting rights ratio does not exceed the original level after the share repurchase [1][3] - As of the announcement date, the company has repurchased a total of 1,604,593 shares, accounting for 0.40% of the total share capital, which will be stored in a dedicated repurchase account [3] Group 3: Impact of Conversion on Company - The conversion of special voting rights shares will not lead to a change in the company's control and complies with relevant laws and regulations, ensuring no adverse effects on corporate governance or financial status [4][5] - The conversion will not affect the independence of the company's personnel, finances, or assets, and there are no detrimental impacts on the interests of the company or minority shareholders [4][5]