GDTC(SH:688186) Zheng Quan Zhi Xing·2025-06-17 10:29Core Viewpoint - The company plans to repurchase shares with a total fund amounting to no less than RMB 200 million and no more than RMB 400 million, aimed at enhancing employee stock ownership plans and/or equity incentives, or for converting company-issued convertible bonds [1][5][12] Summary by Sections Repurchase Plan Overview - The repurchase amount is set between RMB 200 million and RMB 400 million [1][5] - Funding sources include a special loan from Industrial and Commercial Bank of China and self-raised funds [1][5] - The maximum repurchase price is capped at RMB 39.52 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][8] Repurchase Execution - The shares will be repurchased through a centralized bidding system on the Shanghai Stock Exchange [2][6] - The repurchase period is set for 12 months from the board's approval date [4][6] - The estimated number of shares to be repurchased ranges from approximately 5,060,729 to 10,121,457 shares, representing 2.2834% to 4.5667% of the total share capital [8][10] Purpose and Use of Repurchased Shares - The repurchased shares will be used for employee stock ownership plans, equity incentives, or for converting convertible bonds [5][12] - If the shares are not utilized within three years post-repurchase, they will be canceled [1][12] Financial Impact - As of March 31, 2025, the company's total assets were RMB 1,149.99 million, with a debt ratio of 66.21% [10][11] - The repurchase funds will account for 3.48% of total assets, 11.42% of equity, and 7.09% of current assets, indicating a manageable impact on financial stability [10][11] Governance and Compliance - The repurchase plan was proposed by the company's actual controller and CEO, Xu Weiming, and approved by the board [5][12] - There are no current plans for share reduction by major shareholders or executives within the next six months [2][11]