AVICHM(SH:600765) Zheng Quan Zhi Xing·2025-06-13 11:38Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total repurchase amount ranging from RMB 200 million to RMB 400 million, aimed at enhancing shareholder value and confidence in the company's long-term prospects [1][3][5]. Summary by Sections Repurchase Plan Overview - The repurchase amount is set between RMB 200 million and RMB 400 million [2][3]. - The repurchase period is from June 10, 2025, to June 9, 2026 [2][3]. - The maximum repurchase price is capped at RMB 26.01 per share [2][3]. - The repurchase will be funded through the company's own funds and a special loan for stock repurchase [3][7]. Purpose and Justification - The repurchase aims to reduce the company's registered capital and enhance long-term investment value [5][6]. - The company expresses confidence in its future development and seeks to improve earnings per share and shareholder returns [5][6]. Implementation Details - The repurchase will be conducted via the Shanghai Stock Exchange's trading system [5][6]. - The number of shares to be repurchased is estimated to be between 7.69 million and 15.38 million shares, representing approximately 0.49% to 0.98% of the total share capital [4][6]. Financial Impact - The total assets of the company as of December 31, 2024, are RMB 30.32 billion, with equity attributable to shareholders at RMB 13.98 billion [15]. - The planned repurchase amount, at the upper limit of RMB 400 million, would account for 1.32% of total assets and 2.86% of equity [15]. - The company's debt servicing capability and operational capacity are not expected to be significantly impacted by the repurchase [15]. Governance and Compliance - The repurchase proposal was approved by the board with unanimous support [2][3]. - The company will ensure compliance with relevant laws and regulations throughout the repurchase process [18][19]. - There are no plans for share reduction or insider trading by major stakeholders in the six months prior to the board's decision [16][17]. Disclosure Obligations - The company commits to timely disclosures regarding the progress of the repurchase, including monthly updates and announcements upon completion [20].