ZHONGHENG GROUP(SH:600252) Zheng Quan Zhi Xing·2025-08-26 10:24Summary of Key Points Core Viewpoint - The company has successfully completed a share buyback program, which involved repurchasing a total of 118,117,197 shares, representing 3.5649% of its total share capital, with the aim of reducing registered capital and enhancing shareholder value [1][2]. Group 1: Buyback Plan Details - The buyback plan was first disclosed on January 25, 2025, with an implementation period from February 26, 2025, to August 25, 2025 [1]. - The expected buyback amount was set between 300 million yuan and 500 million yuan, with a maximum buyback price of 3.80 yuan per share [1]. - The actual buyback price ranged from 2.30 yuan to 2.93 yuan per share, with an average buyback price of 2.55 yuan per share [2]. Group 2: Implementation and Results - The company initiated the buyback on April 10, 2025, and completed it by the end of the designated period, exceeding the lower limit of the planned buyback amount [2]. - The total funds used for the buyback amounted to approximately 301 million yuan, excluding transaction fees [2]. - The execution of the buyback plan was consistent with the originally disclosed plan, and it is expected to positively impact investor confidence and the company's market image [2]. Group 3: Share Cancellation and Capital Reduction - The company has followed legal procedures for notifying creditors regarding the cancellation of the repurchased shares [4]. - Following the cancellation, the total share capital will decrease from 3,313,345,567 shares to 3,195,228,370 shares [5]. - The controlling shareholder's stake will increase from 29.08% to 30.16% as a result of the share cancellation, but this will not lead to a change in control [5]. Group 4: Future Implications - The buyback is seen as a strategic move to bolster the company's long-term development and maintain the interests of all investors [2]. - The company will proceed with the necessary procedures for share cancellation and registration changes [7].