AXNMC(SH:600255) Zheng Quan Zhi Xing·2025-08-11 10:24Core Viewpoint - The announcement details the progress of the share buyback plan by the controlling shareholder of Anhui Xinke New Materials Co., Ltd., Sichuan Rongxin Hongzi Technology Co., Ltd., which aims to increase its stake in the company within a specified timeframe and budget [1][2]. Group 1: Buyback Plan Overview - The buyback plan was initially disclosed on April 11, 2025, with a budget of no less than 50 million yuan and no more than 100 million yuan for purchasing unrestricted circulating A-shares [1]. - The buyback period is set from April 11, 2025, to October 11, 2025 [2]. Group 2: Implementation Progress - As of August 10, 2025, Sichuan Rongxin has accumulated a total of 1.5855 million shares, amounting to 5.3907 million yuan, representing 0.09% of the total share capital [2][3]. - The company has secured the necessary funds of 50 million yuan for the buyback and plans to execute the remaining purchases in batches [3]. Group 3: Risk Factors - The buyback plan may face risks due to potential changes in the capital market and other unpredictable factors that could hinder the achievement of the expected outcomes [2][3].