SGC(SH:603269) Zheng Quan Zhi Xing·2025-07-11 16:13Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total repurchase amount between RMB 60 million and RMB 120 million, aimed at implementing an employee stock ownership plan or equity incentives [1][3][5]. Summary by Sections Repurchase Plan Overview - Total repurchase amount: Not less than RMB 60 million and not exceeding RMB 120 million [1][3]. - Source of funds: Company’s own funds and/or special loans for stock repurchase, with a loan commitment of up to RMB 108 million from a bank [1][8]. - Maximum repurchase price: RMB 11.93 per share [1][3]. - Repurchase method: Centralized bidding transaction [1][3]. - Duration of repurchase: 12 months from the board's approval date [1][3]. Shareholder Confirmation - Key stakeholders, including directors and major shareholders, confirmed no plans to reduce their holdings in the next 3 to 6 months [2][11]. Implementation Procedures - The board approved the repurchase plan with unanimous support, and it will take effect immediately without needing shareholder approval [2][3]. Repurchase Details - Estimated number of shares to be repurchased: Between 502,930 and 1,005,870 shares, representing 1.63% to 3.26% of the total share capital [3][4]. - The repurchased shares will be used for employee stock ownership plans or equity incentives [5][6]. Financial Impact - As of December 31, 2024, the company's total assets were RMB 3.41 billion, with net assets of RMB 1.04 billion and cash of RMB 622.96 million. The repurchase funds would represent 3.52% of total assets, 11.52% of net assets, and 19.26% of cash [9]. Future Plans and Adjustments - If the repurchased shares are not fully utilized within 36 months, they will be canceled [5][6]. - The company will adjust the repurchase plan according to market conditions and will disclose any changes in compliance with regulations [12][13].