神马电力: 关于以集中竞价交易方式回购股份的预案

Core Viewpoint - Jiangsu Shenneng Electric Power Co., Ltd. plans to repurchase shares with an amount not less than RMB 300 million and not more than RMB 400 million, primarily for employee stock ownership plans and/or equity incentives [1][2][3] Summary by Sections Repurchase Plan Overview - The repurchase plan was approved with zero votes against and zero abstentions [2] - The repurchase amount is estimated between RMB 300 million and RMB 400 million [2][4] Funding and Price Details - The funding sources for the repurchase will be self-owned or self-raised funds, including special loans for stock repurchase [3][6] - The maximum repurchase price is set at RMB 38 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [5][6] Repurchase Execution - The shares will be repurchased through centralized bidding on the Shanghai Stock Exchange [3][4] - The repurchase period is set for 12 months from the board's approval date [2][4] Shareholder Plans - Major shareholder Chen Xiaoqin has a potential share reduction plan in the next 3 to 6 months, while other major stakeholders have no current plans for share reduction [1][8] Impact on Company Structure - The repurchase is expected to involve approximately 789,500 to 1,052,600 shares, representing 1.83% to 2.44% of the total share capital [3][4] - The repurchased shares will be used for equity incentives and/or employee stock ownership plans [3][4][9] Financial Analysis - As of March 31, 2025, the company's total assets were RMB 2.494 billion, with a debt ratio of 25.88% [6][7] - The maximum repurchase amount would account for approximately 16.04% of total assets and 21.64% of net assets [6][7] Authorization and Compliance - The board has authorized the management to handle all necessary documentation and adjustments related to the repurchase [10][11] - The company will ensure compliance with relevant laws and regulations throughout the repurchase process [10][11]