Hymson(SH:688559) Zheng Quan Zhi Xing·2025-08-27 12:12Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total amount ranging from RMB 18 million to RMB 36 million, aimed at employee stock ownership plans or equity incentives [1][4][11]. Summary by Sections Repurchase Plan Overview - The repurchase amount is set between RMB 18 million and RMB 36 million [1][4]. - The funding sources for the repurchase will be the company's own funds and/or self-raised funds [1][7]. - The maximum repurchase price is capped at RMB 46.70 per share, which is 150% of the average trading price over the previous 30 trading days [1][7]. - The repurchase will be conducted via the Shanghai Stock Exchange trading system [1][5]. - The duration for the repurchase is 12 months from the board's approval date [1][3]. Purpose and Justification - The repurchase aims to enhance shareholder value, boost investor confidence, and align the interests of shareholders, the company, and employees [4][8][11]. - The shares repurchased will be used for employee stock ownership plans or equity incentives [4][5]. Implementation Details - The board approved the repurchase plan on August 27, 2025, with unanimous support [3]. - The repurchase will not affect the company's debt repayment ability or ongoing operations [8][12]. - If the repurchased shares are not utilized within three years, they will be canceled [5][12]. Shareholder Communication - As of the announcement date, there are no clear plans for share reduction from major shareholders, including directors and executives, in the next three to six months [1][10][11]. - The proposal was initiated by the company's actual controller and chairman, Zhao Shengyu, who expressed confidence in the company's future [11][12].