Shanghai Smart (SZ:001266) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-01 23:11Core Viewpoint - The company has approved a share repurchase plan aimed at enhancing employee incentives and maintaining investor confidence, with a total repurchase amount between RMB 30 million and RMB 40 million [1][2]. Summary by Sections Share Repurchase Plan - The company plans to use self-raised funds and special loans to repurchase its A-shares through centralized bidding, with a repurchase price cap of RMB 36.53 per share [1]. - The repurchase period is set for 12 months from the date of the shareholders' meeting approval [1]. Adjustments to Repurchase Terms - Following the implementation of capital reserve transfers and other equity adjustments, the maximum repurchase price was revised to RMB 36.23 per share effective from June 6, 2025 [2][3]. Implementation Status - As of July 31, 2025, the company completed the repurchase of 1,550,080 shares, representing 1.50% of the total share capital, with a total expenditure of approximately RMB 39.76 million [4][5]. - The highest and lowest transaction prices during the repurchase were RMB 30.09 and RMB 24.38 per share, respectively [5]. Impact of the Repurchase - The share repurchase is not expected to significantly impact the company's financial, operational, or debt servicing capabilities, and will not alter the control structure of the company [5][6]. Future Plans for Repurchased Shares - The repurchased shares will be allocated for employee stock ownership plans or equity incentive plans, with a stipulation that any unutilized shares within 36 months will be canceled [11].