HONGHUI(SZ:002802) Zheng Quan Zhi Xing·2025-08-17 08:15Core Viewpoint - The company plans to repurchase its shares using its own funds through centralized bidding, with the intention to cancel all repurchased shares and reduce its registered capital [1][2][4]. Summary by Sections Repurchase Plan Overview - The total amount for the share repurchase will be no less than RMB 10 million and no more than RMB 20 million, with an estimated repurchase quantity of approximately 628,930 to 1,257,860 shares, accounting for 0.34% to 0.69% of the current total share capital [1][5][6]. - The maximum repurchase price is set at RMB 15.90 per share, which is within 150% of the average trading price over the last 30 trading days prior to the board's decision [4][5]. Purpose of the Repurchase - The repurchase aims to enhance investor confidence, stabilize company value, and reflect the company's confidence in its future development [2][3]. Conditions for the Repurchase - The company must meet several conditions, including having been listed for over six months and ensuring that it has the ability to fulfill its debt obligations post-repurchase [3][4]. Implementation Timeline - The repurchase will be conducted within six months from the approval date by the shareholders' meeting, with provisions for early termination under certain conditions [5][6]. Financial Impact - Assuming the upper limit of RMB 20 million is fully utilized, the repurchase would represent 2.90% of total assets, 3.13% of equity attributable to shareholders, and 4.02% of current assets as of March 31, 2025 [8][9]. Management's Commitment - The management assures that the repurchase will not adversely affect the company's operational capabilities or debt servicing ability, and it will not lead to a change in control or affect the company's listing status [9][10]. Authorization for Implementation - The board of directors seeks authorization from the shareholders' meeting to manage the repurchase process, including adjustments to the plan as necessary [11].