Conglin Technology(SH:688370) Zheng Quan Zhi Xing·2025-07-07 11:12Core Viewpoint - Shanghai Conglin Environmental Technology Co., Ltd. is proposing a share buyback plan to stabilize its stock price due to the stock closing below its net asset value for 20 consecutive trading days, which triggers the buyback measures outlined in its stock price stabilization plan [6][8]. Group 1: Meeting Procedures - The meeting will ensure the presence of only relevant participants, including shareholders, directors, and legal representatives, to maintain order [2][3]. - Shareholders must sign in 20 minutes before the meeting and present necessary identification to participate [2][3]. - The meeting will follow a specific agenda for discussing and voting on proposals [3][7]. Group 2: Share Buyback Proposal - The buyback aims to protect investor interests and stabilize the stock price, with a total buyback fund ranging from RMB 20 million to RMB 40 million [8][9]. - The buyback will be conducted through centralized bidding, with a maximum price of RMB 19.09 per share [10][11]. - The buyback shares will be canceled within 10 days after the completion or termination of the buyback [15]. Group 3: Financial Impact - As of March 31, 2025, the company has total assets of approximately RMB 3.19 billion and a debt ratio of 16.23%, indicating that the buyback will not significantly impact its financial stability [12][13]. - The company will use its own funds and special loans for the buyback, ensuring that it can meet its obligations without affecting its operational capabilities [13][14]. Group 4: Governance and Compliance - The board of directors has not engaged in any insider trading or market manipulation prior to the buyback decision, ensuring compliance with regulations [14]. - The management is authorized to handle all matters related to the buyback, including adjustments to the plan as necessary [15][16].