KSW-TECH(SH:688283) Zheng Quan Zhi Xing·2025-07-02 16:24Core Viewpoint - Chengdu Kunheng Shunwei Technology Co., Ltd. has successfully completed its share repurchase plan, acquiring a total of 851,910 shares, which accounts for 0.70% of the total share capital, with a total expenditure of approximately RMB 16.30 million [1][5][6]. Summary by Sections Share Repurchase Plan - The share repurchase plan was first disclosed on July 8, 2024, proposed by the controlling shareholder and chairman Zhang Jilin [1]. - The implementation period for the repurchase is from July 7, 2024, to July 6, 2025 [1]. - The expected repurchase amount ranges from RMB 15 million to RMB 30 million, with a maximum repurchase price of RMB 35.00 per share [1][3]. Approval and Implementation - The repurchase plan was approved by the board of directors with a unanimous vote of 7 in favor [3]. - The repurchase is intended for employee stock ownership plans or equity incentives, as well as to maintain company value and shareholder rights [1][3]. Actual Repurchase Details - The company has repurchased a total of 851,910 shares, with a price range of RMB 16.71 to RMB 23.15 per share [5][6]. - Of the repurchased shares, 543,414 shares were allocated for employee stock ownership plans, and 308,496 shares were for maintaining company value and shareholder rights [5][8]. Financial Impact - The funds used for the repurchase were sourced from excess raised funds, ensuring no significant impact on the company's operational activities or financial status [6]. - The repurchase will not alter the company's control structure, and the share distribution remains compliant with listing requirements [6]. Future Plans for Repurchased Shares - The repurchased shares will be held in a dedicated repurchase account, with plans to utilize the shares for employee stock ownership or equity incentives in the future [8]. - Shares intended for maintaining company value will be sold within 12 months after the announcement of the repurchase results, or they will be canceled if not sold within three years [8].