Geovis(SH:688568) Zheng Quan Zhi Xing·2025-08-21 10:19Core Viewpoint - The company has successfully completed a share buyback plan, repurchasing a total of 1,476,724 shares, which represents 0.1824% of its total share capital, with a total expenditure of approximately RMB 49.96 million [1][3][4]. Summary by Sections Buyback Plan Approval and Details - The buyback plan was proposed by the Vice Chairman and General Manager on April 15, 2025, and approved by the board and shareholders [1]. - The buyback period is set from May 7, 2025, to May 6, 2026, with an expected total expenditure between RMB 40 million and RMB 60 million [1]. - The maximum buyback price was adjusted to RMB 56.55 per share due to the company's annual equity distribution [2]. Implementation of Buyback - As of May 27, 2025, the company had repurchased 276,665 shares, accounting for 0.0342% of the total share capital, with a total payment of approximately RMB 10 million [2]. - The total shares repurchased reached 1,476,724, with a maximum price of RMB 36.28 per share and a minimum price of RMB 32.11 per share, resulting in an average price of RMB 33.83 per share [3][4]. Compliance and Impact - The company adhered to all relevant laws and regulations during the buyback process, and the execution of the buyback plan was consistent with the originally disclosed plan [4]. - The funds used for the buyback were sourced from the company's excess funds from its initial public offering and its own funds, ensuring no significant impact on the company's operations or financial status [4]. Share Cancellation Arrangement - The company plans to apply for the cancellation of the repurchased shares on August 22, 2025, which will reduce its registered capital accordingly [5][6]. - The total number of shares before and after the buyback will be adjusted, with the total shares post-cancellation being 808,078,912 [5].