SDL(SZ:002658) Zheng Quan Zhi Xing·2025-08-29 13:11Core Viewpoint - Beijing Xuedilong Technology Co., Ltd. has completed its share repurchase and subsequent reduction plan, which involved repurchasing and then selling back a portion of its own shares to enhance liquidity and maintain shareholder value [2][4][5]. Summary by Sections Share Repurchase Plan - The company approved a share repurchase plan on February 7, 2024, with a total fund allocation between RMB 50 million and RMB 100 million, and a maximum repurchase price of RMB 7.50 per share [3][4]. - The repurchase period lasted until May 7, 2024, during which the company acquired a total of 11,243,157 shares at an average price of RMB 5.38 per share [4]. Share Reduction Plan - On August 4, 2025, the company announced a plan to reduce its repurchased shares, intending to sell up to 6,357,609 shares, which is 1% of the total share capital, starting from August 27, 2025, for a period of three months [2][5]. - As of August 29, 2025, the company successfully reduced 6,357,512 shares, representing 1% of the total share capital, with the highest transaction price at RMB 8.57 per share and the lowest at RMB 7.92 per share, averaging RMB 8.11 per share [4][5]. Impact on Share Structure - The share reduction did not alter the company's control or total share capital. The shareholding structure remained stable, with no changes in the proportion of restricted and unrestricted shares [5]. - The funds generated from the share reduction will be used to supplement the company's working capital, thereby improving financial efficiency and supporting ongoing operations [5]. Compliance and Regulations - The company adhered to the relevant regulations set by the Shenzhen Stock Exchange regarding the timing and pricing of the share reduction, ensuring that the actions taken were within the legal framework [6][7].