Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-03 22:59Core Viewpoint - The company has approved a share repurchase plan for both A-shares and H-shares, with specific funding and price limits, but as of August 31, 2025, no shares have been repurchased yet [3][5]. Group 1: A-share Repurchase Plan - The company plans to use self-owned funds of RMB 50-100 million to repurchase A-shares through centralized bidding, with a maximum price of RMB 17.08 per share [3]. - The repurchase period is set for 12 months from the board's approval date, and the shares will be used for equity incentives with a three-year validity [3]. - If the shares are not used for equity incentives within three years, they will be canceled [3]. Group 2: H-share Repurchase Plan - The company has received general authorization to repurchase H-shares using self-owned funds of RMB 150-400 million, with each repurchase not exceeding 105% of the average closing price over the previous five trading days [3]. - The repurchase period will end on the earlier of the 2025 annual shareholders' meeting or a special resolution to withdraw or amend the repurchase authorization [3]. - The purpose of the H-share repurchase is to reduce the company's registered capital, and the repurchased shares must be canceled within 10 days [3]. Group 3: Progress and Compliance - As of August 31, 2025, the company has not repurchased any A-shares or H-shares, which complies with legal regulations and the company's repurchase plan [5]. - The company will adhere to relevant regulations and disclose information regarding the repurchase progress in a timely manner [6].