KINGNET(SZ:002517) Shang Hai Zheng Quan Bao·2025-09-03 21:28Core Viewpoint - The company has successfully completed its share repurchase plan, which aims to enhance investor confidence and align the interests of shareholders, the company, and employees through future employee stock ownership and incentive plans [5][11]. Summary by Sections Share Repurchase Plan - The company announced a share repurchase plan with a total funding amount not exceeding RMB 200 million and not less than RMB 100 million, with a maximum repurchase price of RMB 29.33 per share [2]. - The repurchase period is set for a maximum of twelve months from the board's approval date [2]. Repurchase Execution - The actual repurchase occurred from September 1 to September 3, 2025, with a total of 8,952,800 shares repurchased, representing 0.42% of the company's total share capital [3]. - The highest transaction price was RMB 23.73 per share, and the lowest was RMB 21.38 per share, with a total transaction amount of approximately RMB 199.96 million (excluding transaction fees) [3]. Impact on Company - The share repurchase is expected to enhance investor confidence and improve the long-term investment value of the company's stock, while also motivating employees and aligning their interests with those of shareholders [5]. - The repurchase will not adversely affect the company's financial, operational, or developmental capabilities, nor will it change the company's control or listing status [5]. Compliance and Procedures - The company confirmed that there were no stock trading activities by directors, senior management, or major shareholders during the repurchase period [6]. - The execution of the repurchase plan adhered to the approved terms, including funding sources and price limits [7][10]. Future Arrangements - The repurchased shares will be held in a dedicated account and will not have voting rights or profit distribution rights until transferred [11]. - If the company does not implement the intended employee stock ownership or incentive plans within 36 months post-repurchase, the shares will be legally canceled [11].