Core Viewpoint - The company, Hubei Dongbei Electromechanical Group Co., Ltd., has announced a share repurchase plan aimed at enhancing employee stock ownership and incentivizing staff, with a total repurchase amount expected to be between RMB 40 million and RMB 80 million [1][2]. Group 1: Share Repurchase Plan - The share repurchase plan was first disclosed on August 22, 2025, and is set to be implemented within 12 months following the board's approval [1]. - The total amount allocated for the repurchase is between RMB 40 million and RMB 80 million, with a maximum repurchase price of RMB 10.37 per share [1]. - The repurchased shares will be used for employee stock ownership plans or equity incentives, and the company has not yet repurchased any shares as of August 31, 2025 [1][2]. Group 2: Progress of Share Repurchase - As of August 31, 2025, the company has not yet initiated any share repurchase transactions [2]. - The progress of the share repurchase is in compliance with relevant laws and regulations, as well as the company's own repurchase plan [2]. - The company will make repurchase decisions based on market conditions and will fulfill its information disclosure obligations in a timely manner [2].
东贝集团: 湖北东贝机电集团股份有限公司关于以集中竞价交易方式回购股份的进展公告