ZHEZHONG(SZ:002346) Shang Hai Zheng Quan Bao·2025-09-02 19:45Core Viewpoint - The company, Shanghai Zhezhong Group Co., Ltd., is progressing with its share repurchase plan, which was approved at the 2024 first extraordinary general meeting of shareholders, aiming to buy back A-shares for employee stock ownership plans or equity incentive plans [1][2]. Group 1: Share Repurchase Plan - The company plans to repurchase between 30 million and 33 million shares, with a total amount not less than RMB 300 million and not exceeding RMB 330 million, at a maximum price of RMB 11.5 per share [1]. - The implementation period for the share repurchase is set for 12 months from the date of the shareholders' meeting approval [1]. - As of August 31, 2025, the company has repurchased 22,100,110 shares, accounting for 5% of the total share capital, with a maximum transaction price of RMB 11.5 and a minimum of RMB 9.44, totaling approximately RMB 241.48 million [2]. Group 2: Funding and Compliance - The funding for the share repurchase comes from the company's own funds and a special loan for stock repurchase, adhering to the proposed price limits and legal requirements [3]. - The company has complied with the relevant regulations regarding the timing, quantity, and pricing of the share repurchase, as outlined in the Shenzhen Stock Exchange's self-regulatory guidelines [4]. Group 3: Regulatory Compliance - The company has not repurchased shares during periods that could significantly impact the stock price or during other specified circumstances by the China Securities Regulatory Commission [5]. - The company ensures that the share repurchase complies with specific requirements, including not exceeding the daily trading price limits and avoiding certain trading periods [6].