GSP GROUP(SH:605088) Zheng Quan Zhi Xing·2025-09-01 08:19Summary of Key Points Core Viewpoint - The company, Wenzhou Guansheng Automotive Parts Group Co., Ltd., is actively repurchasing its shares through a centralized bidding process, with a total expected repurchase amount between 80 million and 120 million RMB, aimed at employee stock ownership plans or equity incentives [1]. Group 1: Share Repurchase Plan - The share repurchase plan was first disclosed on April 11, 2025, with an implementation period from April 10, 2025, to April 9, 2026 [1]. - The maximum repurchase price is set at 56.05 RMB per share, later adjusted to 55.45 RMB per share due to the 2024 annual equity distribution [2]. - The company has received a loan commitment from Bank of China, Wenzhou Branch, for a maximum of 108 million RMB specifically for the share repurchase [1]. Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has repurchased a total of 484,200 shares, accounting for 0.2387% of the total share capital of 202,818,693 shares [3]. - The total amount paid for the repurchased shares is approximately 17.85 million RMB, with a price range between 34.12 RMB and 41.10 RMB per share [3]. - The highest purchase price recorded during the repurchase was 38.50 RMB per share, and the lowest was 35.60 RMB per share [2]. Group 3: Compliance and Future Actions - The company is committed to adhering to relevant laws and regulations regarding share repurchase and will disclose progress in accordance with the rules set by the Shanghai Stock Exchange [4]. - The company will make repurchase decisions based on market conditions and will fulfill its information disclosure obligations timely [4].