Xin Lang Cai Jing·2025-08-29 13:28Core Viewpoint - Yanzhou Coal Mining Company Limited plans to repurchase shares worth between RMB 2 billion and 5 billion, aiming to stabilize the capital market and enhance company value [1][3] Group 1: Repurchase Plan Details - The repurchase will include A-shares and H-shares, with A-share repurchase amounting to RMB 0.5 billion to 1 billion and H-share amounting to RMB 1.5 billion to 4 billion [1][3] - The repurchase will be executed through centralized bidding on the Shanghai Stock Exchange and the Hong Kong Stock Exchange [3] - The A-share repurchase period is set for 12 months from the board's approval date, while the H-share repurchase will end at the earlier of the 2025 annual general meeting or a special resolution to withdraw or amend the H-share repurchase authorization [3] Group 2: Purpose and Impact - The purpose of the repurchase is to respond to national policies, optimize the equity structure, and align the interests of the core team with investors for long-term mutual benefits [3] - A-shares will be used as treasury stock for equity incentives, with a three-year usage period; if unused, they will be canceled [3] - The repurchase is not expected to significantly impact the company's daily operations or financial status, nor will it lead to changes in control or affect its listing status [3] Group 3: Financial Metrics - The estimated repurchase quantity for A-shares ranges from approximately 0.03% to 0.06% of the total share capital, based on the lower and upper limits of the repurchase amount [3] - The maximum repurchase price for A-shares is set at RMB 17.08 per share, while H-shares will not exceed 105% of the average closing price over the previous five trading days [3] - The total repurchase funds are expected to represent a low percentage of the company's total assets, net assets attributable to shareholders, and cash reserves [3]