Core Viewpoint - The company, Shandong Haike New Source Material Technology Co., Ltd., has announced a share repurchase plan aimed at establishing an employee stock ownership plan, enhancing corporate governance, and improving employee motivation and company competitiveness [1][3]. Summary by Sections Repurchase Plan Details - The purpose of the share repurchase is to establish a profit-sharing mechanism between employees and owners, improve corporate governance, and promote sustainable development [3]. - The repurchase will involve ordinary shares (A shares) with a total fund amount not less than RMB 11 million and not exceeding RMB 22 million [1][4]. - The repurchase period is set for 6 months from the date of board approval [1][4]. - The maximum repurchase price is capped at RMB 30 per share, which does not exceed 150% of the average trading price over the previous 30 trading days [4]. Financial Impact and Structure Changes - The estimated number of shares to be repurchased ranges from approximately 366,666 shares (0.16% of total share capital) to 733,333 shares (0.33% of total share capital), depending on the total funds utilized [5][8]. - The repurchase is expected to have a minimal impact on the company's financials, with the maximum repurchase amount representing only 0.30% of total assets as of June 30, 2025 [8]. Governance and Compliance - The board of directors has approved the repurchase plan, which does not require shareholder approval as it met the necessary quorum [13]. - The company has committed to ensuring that the repurchase will not harm its debt repayment capabilities or ongoing operations [8][9]. - The repurchased shares will be used for the employee stock ownership plan, and any unallocated shares will be canceled if not transferred within three years [10][11]. Risk Factors - The company acknowledges potential risks, such as the inability to execute the repurchase if stock prices exceed the set limit or if significant changes in operations or financial conditions occur [2][14].
海科新源: 关于回购公司股份方案的公告