TORCH ELECTRON(SH:603678) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-05 05:02Group 1 - The company approved a share repurchase plan on August 15, 2025, with a total repurchase amount between 30 million and 50 million yuan, at a price not exceeding 47 yuan per share, valid from August 15, 2025, to August 14, 2026 [2] - The company completed its first share repurchase on August 20, 2025, and by September 3, 2025, had repurchased a total of 1,295,884 shares, accounting for 0.27% of the total share capital, with a total expenditure of approximately 49.99 million yuan [2][3] - The execution of the share repurchase plan aligns with the originally disclosed plan, and the repurchase did not significantly impact the company's operations, finances, or future development [4][3] Group 2 - No trading activity in the company's stock occurred among directors, senior management, controlling shareholders, or actual controllers from the announcement of the repurchase plan on August 16, 2025, until the date of this announcement [5] - The repurchased shares will be held in a dedicated securities account and are intended for employee stock ownership plans or equity incentives, with a commitment to complete the transfer within three years [7]