Core Viewpoint - The company has established a comprehensive system for share repurchase to protect investor rights, enhance corporate governance, and strengthen internal controls, in accordance with relevant laws and regulations [1][2]. Group 1: Share Repurchase Conditions - The company may repurchase shares under specific circumstances, including reducing registered capital, employee stock ownership plans, converting bonds into shares, and maintaining company value when stock prices fall below certain thresholds [1][2][3]. - The company must ensure that share repurchase does not harm the rights of shareholders and creditors, and must follow strict decision-making and information disclosure procedures [2][4]. Group 2: Internal Control and Governance - The board of directors must carefully consider the company's financial status and debt repayment ability when formulating share repurchase plans, ensuring that the scale of repurchase aligns with the company's actual financial condition [2][4]. - All directors and senior management are required to act in good faith and diligently protect the interests of the company and its shareholders during the share repurchase process [2][4]. Group 3: Repurchase Methods and Funding - The company can use various methods for share repurchase, including centralized bidding and tender offers, and must disclose the intended use of repurchased shares [5][6]. - Funding for share repurchase can come from self-owned funds, proceeds from issuing preferred shares or bonds, and other legal sources [5][6]. Group 4: Implementation and Disclosure Procedures - The company must establish a clear timeline for share repurchase, with specific limits on the number of shares and funding amounts, and must disclose the repurchase plan to shareholders [6][7]. - Regular updates on the progress of the share repurchase must be disclosed, including the number of shares repurchased and the total amount spent [16][17]. Group 5: Special Regulations for Tender Offers - When repurchasing shares through a tender offer, the offer price must not be lower than the average price of the shares over the previous thirty trading days [49][50]. - The company must ensure that all funds required for the tender offer are fully deposited in a designated bank account [50][51].
华宝新能: 回购股份管理制度