HY Energy(SH:600387) Zheng Quan Zhi Xing·2025-06-17 11:34Core Viewpoint - The company, Haiyue Energy Group Co., Ltd., plans to repurchase shares through a centralized bidding method, with a total repurchase amount ranging from RMB 30 million to RMB 50 million, and a maximum repurchase price of RMB 2.00 per share [1][4][10]. Group 1: Repurchase Plan Details - The repurchase plan was approved by the board of directors on June 13, 2025, with unanimous consent [3][11]. - The repurchase period is set from June 16, 2025, to July 4, 2025, coinciding with the company's delisting preparation period [2][4]. - The repurchased shares will be used for employee stock ownership plans or equity incentives [5][11]. Group 2: Financial Implications - The estimated repurchase amount at the lower limit of RMB 30 million would account for approximately 1.35% of the company's total assets and 1.95% of the equity attributable to shareholders as of March 31, 2025 [9][10]. - The maximum repurchase amount of RMB 50 million would represent about 13.94% of the company's cash funds [9][10]. Group 3: Share Structure Changes - The repurchase could result in a reduction of the total number of shares, with a maximum of 10% of the total issued shares being repurchased, equating to approximately 46,814,446 shares [5][7]. - Depending on the repurchase amount, the number of shares repurchased could range from 15 million to 25 million, affecting the shareholding structure [7][9]. Group 4: Compliance and Governance - The company’s major shareholders, including the controlling shareholder, have committed not to reduce their holdings during the repurchase period and the following six months [2][10]. - The board has authorized the management to handle all necessary procedures related to the repurchase, ensuring compliance with legal and regulatory requirements [12][13].