NJTC(SH:601975) Zheng Quan Zhi Xing·2025-08-24 16:16Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with the aim of reducing registered capital by canceling the repurchased shares [1][4][5]. Summary by Sections Repurchase Plan Overview - The repurchase amount will be no less than RMB 250 million and no more than RMB 400 million [1][5]. - The source of funds for the repurchase will be the company's own funds [1][6]. - The maximum repurchase price is set at RMB 4.32 per share [1][5]. - The repurchase will be conducted through a centralized bidding trading method [1][4]. - The duration for the repurchase is 12 months from the date the shareholders' meeting approves the plan [1][4]. Shareholder and Management Plans - Company directors, senior management, controlling shareholders, and actual controllers have no plans to reduce their holdings in the next 3 to 6 months [1][7][8]. Repurchase Details - The repurchase is expected to result in the cancellation of shares, thereby reducing registered capital [4][6]. - The estimated number of shares to be repurchased ranges from approximately 57.87 million to 92.59 million, representing 1.21% to 1.93% of the total share capital [5][6]. - The repurchase will only involve ordinary A shares issued by the company [4]. Financial Impact Analysis - As of June 2025, the company's total assets were RMB 13.166 billion, with net assets of RMB 11.391 billion and cash funds of RMB 4.848 billion [7]. - If the maximum repurchase amount of RMB 400 million is utilized, it would account for approximately 3.04% of total assets, 3.51% of net assets, and 8.25% of cash funds, indicating no significant impact on daily operations or financial stability [7]. Legal and Compliance Measures - The company will notify creditors after the shareholders' meeting makes a decision on the repurchase, allowing creditors to request debt repayment or guarantees [2][8]. - The company will ensure compliance with legal procedures to protect creditor interests during the share cancellation process [8][9].