Cambricon(SH:688256) Shang Hai Zheng Quan Bao·2025-07-25 20:59Buyback Plan and Implementation - The company approved a share buyback plan on July 26, 2024, allowing the use of self-owned funds to repurchase shares at a price not exceeding RMB 297.77 per share, with a total fund amount between RMB 20 million and RMB 40 million, within a 12-month period [2] - On June 23, 2025, the company adjusted the buyback price limit to RMB 818.87 per share, while other aspects of the buyback plan remained unchanged [3] - The company completed its first share buyback on July 11, 2025, repurchasing 36,600 shares, which is 0.0087% of the total share capital of 418,350,224 shares, with a total expenditure of RMB 20.06 million [4] Share Handling and Future Plans - The repurchased shares will be used for employee stock ownership plans or equity incentives, and if not transferred within three years, the company will reduce its registered capital accordingly [6] - The repurchased shares will not have voting rights or profit distribution rights during the holding period [6] Fund Management and Financial Products - The company opened a special settlement account for managing temporarily idle raised funds, allowing up to RMB 600 million to be used for purchasing safe and liquid financial products [7][8] - The cash management activities will comply with relevant regulations and will not affect the implementation of fundraising projects or the company's main business [10]