CTM(SH:600711) Xin Lang Cai Jing·2025-09-03 11:00Core Viewpoint - The company, Shengtun Mining Group Co., Ltd., has approved a share buyback plan with a budget between 500 million yuan and 600 million yuan, aimed at employee stock ownership plans or equity incentives [1][2]. Summary by Sections Buyback Plan - The buyback will utilize self-owned or self-raised funds, including special loans for stock repurchase [1]. - The maximum buyback price is set at 11.82 yuan per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][2]. - The buyback period will not exceed 12 months from the board's approval date [1]. Shareholder Information - Company executives, major shareholders, and those holding over 5% of shares have no plans to reduce their holdings in the next 3 to 6 months [1][2]. Financial Overview - As of June 30, 2025, the company reported total assets of 4,063.28 million yuan and net assets attributable to shareholders of 1,628.51 million yuan, with a debt-to-asset ratio of 55.79% [2]. - The estimated number of shares to be repurchased is approximately 42.30 million to 50.76 million shares, representing 1.37% to 1.64% of the total share capital [2]. Impact on Company - The buyback is expected to enhance shareholder value, improve long-term incentive mechanisms, and boost investor confidence without altering the company's control or share distribution [2].