SITONG(SH:603838) Zheng Quan Zhi Xing·2025-08-12 12:10Core Viewpoint - The announcement details the completion of the share buyback plan by the controlling shareholder and actual controller of Guangdong Sitong Group Co., Ltd., Huang Jianping, along with his concerted actors, which has resulted in an increase in their shareholding percentage in the company [1][5]. Group 1: Shareholding Details - Huang Jianping, the controlling shareholder, increased his shareholding to 90,418,032 shares, representing 28.25% of the total share capital [2]. - The total shareholding of Huang Jianping and his concerted actors, including Xie Yuezheng and Deng Jianhua, amounts to 117,086,032 shares, which is 36.59% of the total share capital [2][4]. - The increase in shareholding was achieved through the purchase of 1,884,000 shares, which constitutes 0.59% of the total share capital [3][4]. Group 2: Buyback Plan Implementation - The buyback plan was initially disclosed on February 12, 2025, with a proposed investment range of RMB 10 million to RMB 20 million, and aimed to acquire up to 2% of the company's total share capital [3]. - The total amount spent on the buyback was RMB 10.1815 million (excluding transaction fees) [4]. - The buyback was conducted through the Shanghai Stock Exchange's centralized bidding system [3][4]. Group 3: Legal Compliance - The buyback actions were confirmed to comply with relevant laws and regulations, including the Securities Law and the Management Measures for Acquisitions [4]. - A legal opinion was issued confirming that the buyer has the qualifications to implement the buyback and that the actions taken are in accordance with applicable regulations [4].