Core Viewpoint - The company has approved a share repurchase plan to enhance employee stock ownership and incentivize performance, with a total repurchase amount between RMB 20 million and RMB 40 million, and a maximum repurchase price of RMB 43.06 per share [1][2]. Repurchase Plan Details - The repurchase will utilize self-owned funds through centralized bidding, with a duration of 12 months from the board's approval date [1]. - The maximum repurchase price was adjusted to RMB 42.96 per share starting July 18, 2025, due to the company's annual equity distribution [2]. - The estimated number of shares to be repurchased ranges from approximately 465,549 to 931,098 shares, representing 0.78% to 1.55% of the current total share capital [2]. Implementation Status - As of August 25, 2025, the company has repurchased a total of 626,098 shares, accounting for 1.0435% of the total share capital, with a total expenditure of RMB 20,005,047.60 [3]. - The repurchase plan has been completed, and the implementation details align with the previously disclosed plan [3][4]. Impact on Company - The share repurchase is not expected to significantly affect the company's ongoing operations, profitability, debt repayment ability, or research and development capabilities [3]. - The repurchase will not alter the company's control or listing status, nor will it affect the compliance of the company's share distribution with listing requirements [3]. Compliance and Regulations - The repurchase adheres to the regulations set forth by the Shenzhen Stock Exchange and the China Securities Regulatory Commission, including trading price limits and trading periods [4][5]. - The company has fulfilled its obligation to disclose repurchase progress within the required timeframe [3]. Future Arrangements for Repurchased Shares - If the repurchased shares are not fully utilized within three years post-announcement, the unutilized shares will be canceled [6]. - The company will continue to fulfill its information disclosure obligations regarding the repurchased shares [6].
经纬股份: 关于回购股份比例达到1%及实施完成暨股份变动的公告