双元科技: 股份回购制度

Core Viewpoint - Zhejiang Shuangyuan Technology Co., Ltd. has established a share repurchase system to regulate its share buyback behavior, aiming to promote sustainable development and protect the rights of shareholders and creditors [1][2]. Group 1: General Provisions - The share repurchase system is formulated based on relevant laws and regulations, including the Company Law and Securities Law [1]. - The company can repurchase shares under specific circumstances, such as reducing registered capital, employee stock ownership plans, or maintaining company value [1]. - Conditions for repurchase include stock price falling below net asset value or a cumulative decline of 20% over 20 trading days [1]. Group 2: Basic Requirements for Share Repurchase - The company must have been listed for at least 6 months and have no major legal violations in the past year to repurchase shares [4]. - The repurchase can be conducted through centralized bidding or tender offers, and the total shares repurchased cannot exceed 10% of the total issued shares [5][11]. - Funds for repurchase must be legally sourced, including self-owned funds, funds raised from issuing preferred shares or bonds, and bank loans [5]. Group 3: Implementation Procedures and Information Disclosure - Proposals for share repurchase can be made by eligible proposers and must be specific and reasonable [29]. - The board of directors must evaluate the company's financial status and make decisions on the repurchase plan, which must be disclosed promptly [30][32]. - The repurchase plan must include details such as purpose, method, price range, and funding sources [33]. Group 4: Daily Supervision of Share Repurchase - The company must manage insider information and ensure that no insider trading occurs before the disclosure of the repurchase plan [48]. - Relevant parties involved in the repurchase must be reported to the stock exchange [48]. - The company must disclose the progress of the repurchase and any changes to the plan in a timely manner [36][46].