浙江新中港热电股份有限公司 第三届董事会第十三次会议决议公告

Core Viewpoint - Zhejiang Xinzhonggang Thermal Power Co., Ltd. plans to repurchase its shares through a centralized bidding process to enhance employee motivation and align interests among shareholders, the company, and employees [3][12]. Group 1: Board Meeting Details - The third meeting of the board of directors was held on June 30, 2025, with all nine directors present, complying with relevant laws and regulations [2]. - The board approved the share repurchase proposal with a unanimous vote of 9 in favor [5]. Group 2: Share Repurchase Plan - The total amount for the share repurchase will be no less than RMB 40 million and no more than RMB 80 million, with a maximum repurchase price of RMB 11.38 per share [3][8]. - The repurchase will be conducted within 12 months from the board's approval date and will utilize the company's own funds [8][13]. - The shares repurchased will be used for employee stock ownership plans or equity incentives [3][12]. Group 3: Financial Impact and Conditions - The repurchase amount, at the upper limit of RMB 80 million, represents approximately 4.31% of the company's total assets and 6.00% of the net assets attributable to shareholders as of March 31, 2025 [16]. - The company has confirmed that there are no plans for share reductions by major shareholders or executives in the next three to six months [18]. Group 4: Implementation and Authorization - The board has authorized the management to handle all matters related to the share repurchase, including timing, pricing, and quantity adjustments based on market conditions [21][22]. - The repurchase will not affect the company's normal operations or lead to insolvency, and any untransferred shares after three years will be canceled [20][19].