Chengtou Holding(SH:600649) Xin Lang Cai Jing·2025-08-29 11:24Core Viewpoint - Shanghai Urban Investment Holding Co., Ltd. has approved a share repurchase plan to maintain company value and protect shareholder interests, with a total repurchase fund ranging from RMB 50 million to RMB 100 million [1][2]. Group 1: Repurchase Plan Details - The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange, with a maximum repurchase price of RMB 6.87 per share, which is 150% of the average trading price over the previous 30 trading days [1]. - The estimated number of shares to be repurchased is between approximately 7,278,020 and 14,556,041 shares, representing about 0.29% to 0.58% of the company's total share capital of 2,504,500,768 shares [2]. Group 2: Funding and Implementation - The funding for the repurchase will come from the company's own funds and a special loan from Bank of China, with a loan commitment letter already obtained [1]. - The repurchase period will last for three months from the date of board approval [1]. Group 3: Shareholder Intentions - The controlling shareholder, Shanghai Urban Investment (Group) Co., Ltd., has no plans to reduce its shareholding in the next three to six months [2]. - Another shareholder, Hongyi (Shanghai) Equity Investment Fund Center, will decide on any potential share reduction based on its financial arrangements and market conditions [2].