Actions(SH:688049) Zheng Quan Zhi Xing·2025-09-01 12:18Summary of Key Points Core Viewpoint - The company has announced a share repurchase plan aimed at utilizing excess funds for employee stock ownership plans or equity incentives, with a total expected repurchase amount between RMB 22.5 million and RMB 45 million, and a maximum repurchase price of RMB 44.02 per share [1][2]. Repurchase Plan Details - The repurchase plan was first disclosed on September 24, 2024, and the implementation period is from September 23, 2024, to September 22, 2025 [1]. - The actual number of shares repurchased is 588,036, which represents 0.336% of the total share capital [3][4]. - The total amount spent on the repurchase is RMB 23,135,626.47, with a price range of RMB 34.78 to RMB 49.76 per share [3][4]. Adjustments to Repurchase Terms - On March 31, 2025, the company approved an adjustment to the maximum repurchase price, reducing it from RMB 53.00 to RMB 44.02 per share, effective from August 7, 2025 [2][3]. - The repurchase plan's execution aligns with the board's approved terms, and no discrepancies were noted [3][4]. Shareholder Impact and Future Plans - The repurchased shares will be used entirely for employee stock ownership plans or equity incentives, and during the holding period, these shares will not have voting rights or profit distribution rights [6]. - If the repurchased shares are not fully utilized within three years, the company will proceed with capital reduction procedures to cancel the unused shares [6].