五芳斋: 浙江五芳斋实业股份有限公司关于以集中竞价交易方式回购股份的预案

Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total amount between RMB 35 million and RMB 70 million, aimed at employee stock ownership plans or equity incentives [1][3][4]. Summary by Relevant Sections Repurchase Plan Details - The repurchase amount is set between RMB 35 million and RMB 70 million [1][4]. - The funding source for the repurchase will be the company's own funds [1][4]. - The maximum repurchase price is capped at RMB 29.12 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][4][8]. - The repurchase will be conducted via centralized bidding [1][4]. - The duration for the repurchase is set for a maximum of 12 months from the board's approval date [1][4]. Shareholder and Management Plans - As of the announcement date, there are no plans for share reduction by major shareholders, including directors, supervisors, and those holding more than 5% of shares, in the next 3 to 6 months [2][11]. - The board's decision to proceed with the repurchase was unanimously approved with 9 votes in favor [2][3]. Purpose and Impact of the Repurchase - The repurchased shares will be used for employee stock ownership plans or equity incentives; any unutilized shares after 36 months will be canceled [1][4][12]. - The repurchase is expected to enhance the company's long-term value and employee motivation without significantly impacting daily operations or financial stability [9][10]. Financial Metrics - As of March 31, 2025, the company's total assets were RMB 2.653 billion, with net assets of RMB 1.674 billion and a debt-to-asset ratio of 36.85% [9][10]. - The total repurchase amount represents approximately 2.64% of total assets and 4.18% of net assets [9][10]. Regulatory Compliance - The repurchase plan complies with relevant laws and regulations, including the Company Law and Securities Law [3][5]. - The board has authorized management to handle all necessary procedures related to the repurchase [12][14].