岩山科技: 回购报告书

Core Viewpoint - The company plans to repurchase a portion of its public shares to reduce its registered capital, with a total repurchase fund of no less than RMB 40 million and no more than RMB 60 million, at a maximum price of RMB 8.28 per share [1][2][3] Summary by Sections Repurchase Plan - The purpose of the repurchase is to maintain investor interests, enhance shareholder value, and promote the stock price to return to its intrinsic value [2][8] - The repurchase will be conducted through centralized bidding and will involve the cancellation of shares within ten days after completion [1][2] Financial Details - The total repurchase fund will be between RMB 40 million and RMB 60 million, which is at least 30% of the audited net profit attributable to the parent company's shareholders for 2024 [1][4] - The estimated number of shares to be repurchased is approximately 724.64 million shares at the upper limit, accounting for about 0.1275% of the total share capital, or approximately 483.09 million shares at the lower limit, accounting for about 0.0850% [5][8] Funding Sources - The funding for the repurchase will come from the company's own funds and/or self-raised funds, including a special loan from a bank not exceeding RMB 50 million [5][12] Implementation Timeline - The implementation period for the repurchase is six months from the date the shareholders' meeting approves the plan [5][6] - The repurchase may be adjusted or terminated based on market conditions and company circumstances [6][8] Share Structure Changes - The repurchase is expected to reduce the total share capital, with the new total share capital to be confirmed after the completion of the repurchase [7][8] Compliance and Disclosure - The company has opened a special securities account for the repurchase and has notified creditors as required by law [11][12] - The company will fulfill its information disclosure obligations throughout the repurchase process [13]