云南锡业股份有限公司 回购股份报告书

Core Viewpoint - Yunnan Tin Company Limited plans to repurchase a portion of its A-shares using its own funds through centralized bidding, aimed at canceling shares and reducing registered capital. The repurchase price will not exceed 21.19 yuan per share, with a total repurchase fund between 100 million yuan and 200 million yuan, potentially affecting approximately 0.29% to 0.57% of the company's total share capital [2][6][10]. Group 1: Repurchase Plan Details - The repurchase is intended to enhance shareholder value and investor confidence, reflecting the management's confidence in the company's future prospects [6][14]. - The repurchase will be conducted through the Shenzhen Stock Exchange, with a maximum price of 21.19 yuan per share, which is 150% of the average trading price over the previous 30 trading days [7][10]. - The total funds allocated for the repurchase will range from 100 million yuan to 200 million yuan, with estimated repurchase quantities between 4,719,207 shares and 9,438,414 shares [10][12]. Group 2: Approval and Implementation - The repurchase plan has been approved by the company's board of directors and shareholders during meetings held on June 12 and June 30, 2025 [5][20]. - The implementation period for the repurchase will be within 12 months from the date of shareholder approval, with provisions for extension if the stock is suspended for more than ten trading days [12][19]. - The company has established a dedicated securities account for the repurchase, ensuring compliance with regulatory requirements [3][21]. Group 3: Financial Impact and Management Assurance - As of December 31, 2024, the company's total assets were approximately 3.66 billion yuan, with net assets of about 2.08 billion yuan, indicating sufficient liquidity to support the repurchase [14]. - The management asserts that the repurchase will not adversely affect the company's operational capabilities or financial stability, and the controlling shareholder will remain unchanged post-repurchase [14][18]. - The company will ensure timely disclosure of the repurchase progress and any significant developments during the implementation period [23].