HY Energy(SH:600387) Zheng Quan Zhi Xing·2025-06-30 16:44Core Viewpoint - Haiyue Energy Group Co., Ltd. is entering a delisting transition period, with trading starting on June 16, 2025, and expected to end on July 4, 2025, after which the stock will be delisted [1][2][3] Group 1: Delisting Process - The stock will enter a delisting transition period for 15 trading days, with the last trading day expected to be July 4, 2025 [1][2] - After the transition period, the Shanghai Stock Exchange will delist the stock within 5 trading days [1][3] - The stock will be traded on the risk warning board during the transition period, with no price limit on the first trading day and a daily limit of 10% thereafter [3] Group 2: Share Buyback Plan - The company plans to repurchase shares during the transition period, with a buyback amount between RMB 30 million and RMB 50 million, and a maximum price of RMB 2.00 per share [2][4] - There is a risk that the buyback plan may not be successfully implemented if the stock price exceeds the buyback price limit [2][4] - The company's directors, supervisors, and controlling shareholders have committed to not reducing their shareholdings during the buyback period and the following 6 months [5] Group 3: Investor Advisory - Investors are advised to settle stock pledge repurchase, agreed repurchase, margin financing, and other related businesses before the stock is delisted [1][4] - Personal investors must have over 24 months of trading experience and meet specific asset requirements to buy delisting transition stocks [3]