HY Energy(SH:600387) Zheng Quan Zhi Xing·2025-06-13 14:00Core Viewpoint - The company, Haiyue Energy Group Co., Ltd., has announced a share repurchase plan with a total amount between RMB 30 million and RMB 50 million, aimed at supporting employee stock ownership plans or equity incentives [1][3][4]. Summary by Sections Share Repurchase Plan - The repurchase amount will not be less than RMB 30 million and not exceed RMB 50 million, with the actual total depending on the completion of the repurchase or the expiration of the repurchase period [1][2]. - The maximum repurchase price is set at RMB 2.00 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][6]. - The repurchase will be conducted through a centralized bidding method on the Shanghai Stock Exchange [4][6]. Implementation Timeline - The repurchase plan was approved on June 13, 2025, and is set to be implemented from June 16, 2025, to July 4, 2025 [3][4]. - If the repurchase amount reaches the upper limit, the plan will be completed early [5]. Purpose and Use of Repurchased Shares - The repurchased shares will be used for future employee stock ownership plans or equity incentives; if not implemented, the shares will be canceled [4][6]. - The repurchase is expected to account for up to 10% of the company's total issued shares, equating to approximately 46,814,446 shares [4][6]. Financial Impact - As of March 31, 2025, the company's total assets were RMB 3.693 billion, and the repurchase amount at the upper limit would represent 1.35% of total assets and 1.95% of equity attributable to shareholders [8]. - The company believes that the repurchase will not significantly impact its operations, financials, or future development [8]. Shareholder and Management Actions - The company's major shareholders, including the controlling shareholder, have no plans to reduce their holdings during the repurchase period [9][10]. - The controlling shareholder proposed the repurchase based on the company's current financial status and future needs [9][10]. Regulatory Compliance - The company will comply with relevant regulations and disclose any significant changes that may affect the repurchase plan [12].