Core Viewpoint - Longyang Electronics (Kunshan) Co., Ltd. has approved a plan to reduce its repurchased shares through centralized bidding, with a maximum reduction of 592,393 shares, representing 0.21% of the total share capital, during the period from August 29, 2025, to February 28, 2026 [1] Summary by Sections Share Repurchase Plan - On February 19, 2024, Longyang Electronics' board approved a share repurchase plan using part of the excess funds raised from its initial public offering, with a total repurchase amount between 13 million and 26 million yuan, and a maximum price of 21.17 yuan per share [2] - The shares repurchased for maintaining company value and shareholder rights will not exceed 46.15% of the total repurchase, while at least 53.85% will be used for employee stock ownership plans or convertible bonds [2] Initial Share Reduction Details - On August 29, 2025, Longyang Electronics executed its first share reduction, selling 477,393 shares, which is 0.17% of the total share capital, generating total proceeds of 37,121,462.50 yuan (excluding transaction fees) [3] - The highest transaction price was 81.50 yuan per share, the lowest was 74.70 yuan, and the average transaction price was 77.82 yuan [3] Progress of Reduction Plan - As of August 31, 2025, the total number of shares reduced remains at 477,393, with proceeds consistent with the initial reduction details [4] - There are 115,000 shares remaining for sale, necessary for maintaining company value and shareholder rights [4]
隆扬电子首次减持59.24万股回购股份，套现3712.15万元