Shang Hai Zheng Quan Bao·2025-06-06 20:00Core Viewpoint - Shandong Expressway Bridge Group Co., Ltd. plans to repurchase its A-shares using its own funds or loans, with the aim of canceling the repurchased shares and reducing its registered capital [2][5]. Summary by Sections Repurchase Plan - The company will repurchase shares with a total fund of no less than RMB 50 million and no more than RMB 100 million, with a maximum repurchase price of RMB 8.68 per share [2][8]. - The estimated number of shares to be repurchased is between approximately 5,760,369 and 11,520,737 shares, representing about 0.37% to 0.74% of the company's total share capital [8][13]. Implementation Details - The repurchase period is set for 12 months from the approval date by the shareholders' meeting [10]. - The company has opened a dedicated securities account for the repurchase at the Shenzhen branch of China Securities Depository and Clearing Corporation [3][23]. Financial Impact - The repurchase will not significantly impact the company's debt repayment ability or ongoing operations, as the total assets as of December 31, 2024, were RMB 16,336 million, with a net asset of RMB 2,429 million and a debt ratio of 78.35% [15]. - The maximum repurchase amount of RMB 100 million will account for approximately 0.06% of total assets and 0.41% of net assets [15]. Shareholder Communication - The company has confirmed that there are no current plans for share reductions by directors, supervisors, senior management, or major shareholders during the repurchase period [2][15]. Regulatory Compliance - The repurchase plan complies with relevant regulations, including the requirement that the company's stock has been listed for more than six months and that there have been no major legal violations in the past year [5][8].