Shijiazhuang Shangtai Technology (SZ:001301) Zheng Quan Zhi Xing·2025-07-22 16:27Summary of Key Points Core Viewpoint - The company, Shijiazhuang Shangtai Technology Co., Ltd., has decided to terminate its share repurchase plan ahead of schedule due to sufficient repurchased shares to meet its employee stock ownership plan and/or equity incentive needs [3][4]. Group 1: Share Repurchase Plan - The company initially approved a share repurchase plan on October 13, 2024, allowing for the repurchase of shares using self-owned or raised funds, with a maximum repurchase amount of RMB 100 million [1][2]. - As of the announcement date, the company had repurchased a total of 1,106,100 shares, representing 0.4241% of the total share capital, with a total expenditure within the planned budget [2][5]. Group 2: Reasons for Early Termination - The decision to terminate the share repurchase was made after careful consideration, as the repurchased shares were sufficient for the intended employee stock ownership plan and/or equity incentives [3][4]. - The board of directors approved the termination on July 21, 2025, without needing to submit the decision to the shareholders' meeting [3]. Group 3: Impact of Termination - The early termination of the share repurchase is expected to enhance the company's risk resistance and improve capital utilization efficiency, aligning with the company's long-term interests [4][5]. - The termination does not negatively impact the company's operations, financial status, or shareholder rights [4]. Group 4: Compliance and Future Arrangements - The repurchased shares will be used for equity incentives or employee stock ownership plans, and any unutilized shares within 36 months will be canceled [5]. - The company has complied with relevant regulations regarding the timing and pricing of the share repurchase [5].