ZHONGYA CORPORATION(SZ:300512) Xin Lang Cai Jing·2025-08-28 13:36Core Viewpoint - The company has decided to change the purpose of its share repurchase program to focus solely on employee stock incentives, aiming to enhance talent retention and improve competitiveness [3][4]. Summary by Sections Share Repurchase Overview - In May 2021, the company approved a share repurchase plan with a budget between 40 million and 80 million yuan, at a price not exceeding 15 yuan per share, with a duration of up to 12 months [2]. - The first repurchase occurred on May 14, 2021, and by November 10, 2022, the company had repurchased 443.1 million shares, representing 1.08% of the total share capital, with a total expenditure of 40.0012 million yuan [2]. Reason and Content of Purpose Change - The company has revised the purpose of the repurchased shares from being used for employee stock incentives and convertible bonds to exclusively serving as a source for employee stock incentives [3]. - This change is intended to enhance the talent incentive mechanism, thereby attracting and retaining key personnel and improving employee cohesion and company competitiveness [3]. Impact of Purpose Change - The new purpose for the repurchased shares is expected to benefit the interests of shareholders, the company, and the core team, promoting long-term development and protecting the rights of investors [4]. - The change will not significantly impact the company's operations, finances, research and development, debt obligations, or future growth, and will not alter the company's control or listing status [4]. - The supervisory board has confirmed that the decision-making process for this change complies with relevant regulations and the company's articles of association, ensuring no harm to the interests of all shareholders, particularly minority shareholders [4].