JingPinTeZhuang(SH:688084) Shang Hai Zheng Quan Bao·2025-06-17 21:13Core Viewpoint - The company plans to repurchase its shares using part of the excess funds raised from its initial public offering, aiming to enhance employee motivation and long-term development [1][30]. Proposal Details - The type of shares to be repurchased is the company's ordinary shares (A shares) [2]. - The repurchased shares will be used for employee stock ownership plans or equity incentive plans at an appropriate future time [2]. - The repurchase will be conducted through centralized bidding [2]. - The maximum repurchase price will not exceed 150% of the average trading price over the last 30 trading days prior to the board's approval, capped at 90 RMB per share [2][25]. - The total amount for the repurchase will be between 8 million RMB and 12 million RMB [2][26]. - The funds for the repurchase will come from excess funds raised during the initial public offering [2][26]. - The repurchase period is set for 12 months from the board's approval date [2][20]. Background of the Proposer - The proposer, Chen Bo, has not traded the company's shares in the six months prior to the proposal [3]. - There are currently no plans for share increases or decreases during the repurchase period [4]. Previous Repurchase Implementation - The company previously approved a share repurchase plan on February 6, 2024, with an increased total repurchase fund from 30 million to 60 million RMB [7][9]. Financial Impact Analysis - As of March 31, 2025, the company's total assets were approximately 1.76 billion RMB, and the repurchase funds will represent about 0.68% of total assets, 0.77% of net assets, and 0.85% of current assets [28]. - The company's debt-to-asset ratio is 12.14%, indicating that the repurchase will not significantly impact its debt repayment capacity [28]. Shareholder and Management Plans - The board and senior management have no plans to sell shares in the next three to six months [29].