FHEC(SH:688362) Sou Hu Cai Jing·2025-09-16 07:28Group 1 - The company approved a share repurchase plan on October 28, 2024, allowing for the repurchase of shares at a price not exceeding RMB 32.44 per share, with a total amount between RMB 70 million and RMB 90 million [2][3] - The repurchase will utilize both the company's own funds and a special loan from a bank, and is intended for employee stock ownership plans or convertible bond conversions [3][4] - As of September 15, 2025, the company has repurchased a total of 2,655,280 shares, accounting for 0.65% of the total share capital, with an average repurchase price of RMB 26.92 per share [3][4] Group 2 - The repurchased shares will not enjoy rights such as profit distribution or voting rights, and if not used within three years, the company will reduce its registered capital accordingly [7] - The company completed the second vesting period of its restricted stock incentive plan on June 10, 2025, with a total of 210,000 shares allocated to a senior executive [6] - The company issued RMB 1.165 billion in convertible bonds, with a net fundraising amount of approximately RMB 1.151 billion after deducting issuance costs [11][12] Group 3 - The convertible bonds will be listed on the Shanghai Stock Exchange starting July 16, 2025, and can be converted into shares from January 2, 2026 [11][12] - Investors must meet the suitability requirements for investing in Sci-Tech Innovation Board stocks to convert the bonds into shares, otherwise, they may face risks [12]