banbao(SH:603398) Shang Hai Zheng Quan Bao·2025-08-15 19:11Core Viewpoint - The controlling shareholder of Jiangxi Mubang High-tech Co., Ltd. (hereinafter referred to as "the company") failed to execute its share buyback plan, which was initially announced to enhance investor confidence and maintain the company's market image [2][3][6]. Summary by Sections Disclosure of Buyback Plan - On August 16, 2024, the company announced that its controlling shareholder, Jiangxi Mubang New Energy Holdings Co., Ltd. (hereinafter referred to as "Mubang New Energy"), planned to buy back shares worth between RMB 50 million and RMB 100 million over a 12-month period [2]. Implementation Results of Buyback Plan - As of August 16, 2025, the buyback commitment period ended with Mubang New Energy having not purchased any shares, resulting in a total expenditure of RMB 0, thus failing to meet the minimum buyback target of RMB 50 million [3][4]. Reasons for Non-Completion of Buyback Plan - The company communicated with Mubang New Energy during the buyback period and found that the shareholder faced liquidity issues and was involved in multiple lawsuits, leading to the judicial freezing of its shares [5][6]. Additional Notes - The failure to complete the buyback plan does not trigger a mandatory tender offer and does not affect the company's listing status or lead to changes in the controlling shareholder [7]. - The non-completion of the buyback plan is unrelated to the company's operational performance and will not have a significant adverse impact on its short-term operations [8].