Zheng Quan Zhi Xing·2025-06-05 12:14Core Viewpoint - Shanghai Electric Group Co., Ltd. plans to repurchase its A-shares through centralized bidding to reduce its registered capital, with a repurchase amount between RMB 150 million and RMB 300 million [1][3][4]. Summary by Sections Repurchase Plan Overview - The repurchase will utilize the company's own funds and a special loan for stock repurchase [1][5]. - The maximum repurchase price is set at RMB 12.29 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][5]. - The repurchase period is three months from the approval date by the shareholders' meeting [1][3]. Financial Details - The estimated repurchase amount ranges from RMB 150 million to RMB 300 million [3][4]. - The repurchase is expected to involve 12.21 million to 24.41 million shares, representing 0.08% to 0.16% of the total share capital [4][6]. Purpose and Impact - The primary purpose of the repurchase is to reduce registered capital and maintain company value and shareholder rights [4][6]. - The company anticipates that the repurchase will not significantly impact its operations, finances, or future development [7][9]. Governance and Compliance - The board of directors approved the repurchase plan with unanimous consent [2][3]. - There are no plans for share reduction by directors, supervisors, or major shareholders in the next six months [1][8]. Loan Arrangement - Shanghai Pudong Development Bank has committed to providing a special loan of up to RMB 270 million to support the repurchase [5][6]. Share Structure Post-Repurchase - Following the repurchase, the company expects minimal changes in its shareholding structure, with the controlling shareholder remaining unchanged [7][9].