GREAT MICROWAVE(SH:688270) Sou Hu Cai Jing·2025-08-09 19:17Core Viewpoint - Zhenray Technology (688270) has seen a significant stock price increase, closing at 60.52 yuan, up 18.2% from the previous week, reaching a near one-year high [1] Company Announcements Summary - Zhenray Technology announced two important updates: - Share repurchase progress: The company plans to repurchase shares at a price not exceeding 38.13 yuan per share, with a repurchase period of up to 12 months [1] - Cancellation of certain fundraising accounts: The company has canceled fundraising accounts at China Minsheng Bank and Agricultural Bank of China [2] Share Repurchase Details - The company has repurchased a total of 189,431 shares, accounting for 0.0885% of the total share capital [4] - The initial disclosure date for the repurchase plan was October 25, 2024, with an implementation period from October 25, 2024, to October 24, 2025 [4] - The expected repurchase amount is between 20 million to 40 million yuan, intended for employee stock ownership plans or equity incentives [4] - As of July 31, 2025, the total repurchased amount is 6,254,681 yuan, with actual repurchase prices ranging from 31.6 yuan to 35.1 yuan per share [4] Fundraising and Project Updates - The company completed its initial public offering of 27,310,000 shares at an issue price of 61.88 yuan per share, raising a total of approximately 1.69 billion yuan [4] - After deducting issuance costs, the net fundraising amount was approximately 1.54 billion yuan [4] - The company has established multiple special accounts for fundraising and has signed regulatory agreements with relevant banks and sponsors [4] - The project "Headquarters Base and Cutting-edge Technology R&D Project" has been completed, and surplus funds will be permanently used to supplement working capital [4] - Funds from the canceled accounts have been transferred to general accounts, and the corresponding regulatory agreements have been terminated [4]