KINGFA(SH:600143) Zheng Quan Zhi Xing·2025-07-24 16:20Core Viewpoint - The company has successfully completed a share repurchase plan, acquiring a total of 61,979,417 shares, which represents 2.35% of its total share capital, with an actual expenditure of approximately 451.39 million yuan [1][2][3]. Summary by Sections Share Repurchase Plan - The share repurchase plan was first disclosed on July 29, 2024, with a planned implementation period from July 27, 2024, to July 26, 2025 [1]. - The expected repurchase amount was set between 300 million yuan and 500 million yuan, with a maximum repurchase price of 9.58 yuan per share [1]. - The plan was approved by the board of directors on July 27, 2024, allowing the company to repurchase shares using its own funds through centralized bidding [1]. Implementation Status - The company initiated the share repurchase on July 31, 2024, and by July 24, 2025, it had reached the lower limit of the repurchase amount [2]. - The average repurchase price was 7.28 yuan per share, with a price range between 6.31 yuan and 9.58 yuan per share [2]. Compliance and Impact - The share repurchase complied with relevant laws and regulations, and the execution of the plan was consistent with the original disclosure [3]. - The funds used for the repurchase were entirely from the company's own resources, and the repurchase is not expected to significantly impact the company's operations, finances, or future development [3]. Shareholder Activity - During the repurchase period, certain directors, supervisors, and senior management planned to increase their holdings, with a total increase of 767,000 shares amounting to approximately 5.67 million yuan [4]. Share Capital Changes - Before the repurchase, the company had a total share capital of 2,670,649,486 shares, which decreased to 2,636,612,697 shares after the repurchase [5]. - The repurchased shares will be stored in a dedicated repurchase account and are intended for employee stock ownership plans or equity incentives [6].