Yongan Futures(SH:600927) Zheng Quan Zhi Xing·2025-06-23 16:54Core Viewpoint - The company intends to repurchase its shares through a centralized bidding process to enhance shareholder value and investor confidence, with a proposed repurchase amount between 0.5 billion and 1 billion RMB [4][9]. Group 1: Share Repurchase Proposal - The board of directors has approved a share repurchase plan, which will be executed within 12 months after the shareholders' meeting approval [4][6]. - The maximum repurchase price is set at 18.63 RMB per share, and the total number of shares to be repurchased is estimated to be between 2,683,844 and 5,367,686 shares, representing 0.18% to 0.37% of the total share capital [4][7]. - The funds for the repurchase will come from the company's own resources, and the repurchased shares will be used to reduce registered capital [4][9]. Group 2: Financial Impact and Conditions - As of March 31, 2025, the company's total assets are 62.061 billion RMB, with net assets of 12.812 billion RMB, indicating that the repurchase will have a minimal impact on the company's financial health [9]. - The repurchase will not affect the company's operational capabilities or its ability to meet debt obligations, ensuring that the company maintains its listing status [9][12]. - The company has confirmed that there are no insider trading or market manipulation issues related to the share repurchase plan [10][11]. Group 3: Board and Management Changes - The company has proposed to add a new board member, Mr. Ma Zhiwei, who has extensive experience within the company and meets all qualifications for the position [13][14]. - Mr. Ma does not hold any shares in the company and has no conflicts of interest with existing board members or major shareholders [14].