Core Viewpoint - Guangdong Mingzhu Group Co., Ltd. has successfully completed its share repurchase plan, acquiring a total of 46,090,968 shares, which represents 6.64% of the company's total share capital, with a total expenditure of approximately 193.91 million yuan [1][3][5]. Summary by Sections Share Repurchase Plan - The share repurchase plan was first disclosed on September 4, 2024, with an implementation period from September 3, 2024, to September 2, 2025 [1]. - The expected repurchase amount ranges from 150 million yuan to 236.5 million yuan, with a maximum repurchase price set at 5.5 yuan per share [1][2]. - The repurchased shares are intended for employee stock ownership plans or equity incentives [1]. Implementation Details - The company initiated its first share repurchase on September 23, 2024, through centralized bidding [2]. - The repurchase period concluded on September 2, 2025, after which the company had repurchased a total of 46,090,968 shares at prices ranging from 3.41 yuan to 5.07 yuan per share [3][5]. - The total amount spent on the repurchase was 193,909,781.26 yuan, excluding transaction fees [3]. Share Capital Changes - Following the repurchase, the company's total share capital decreased from 769,205,771 shares to 694,408,089 shares, reflecting a reduction in registered capital [6][7]. - The repurchased shares will not have voting rights or rights to profit distribution until they are utilized for the intended purposes [7]. Future Plans for Repurchased Shares - The repurchased shares are planned to be used for employee stock ownership plans or equity incentives, with any unused shares to be canceled if not implemented within three years [7].
广东明珠: 广东明珠集团股份有限公司关于股份回购实施结果暨股份变动的公告