Shanghai Huayi (SH:600623) Shang Hai Zheng Quan Bao·2025-09-18 19:56Core Viewpoint - The announcement details the completion of the share buyback plan by the controlling shareholder of Shanghai Huayi Group Co., Ltd., aimed at boosting investor confidence and supporting the company's stable development [2][4]. Group 1: Buyback Plan Details - The controlling shareholder, Shanghai Huayi Holding Group Co., Ltd., announced a plan to increase its stake in the company, with a total investment between 150 million RMB and 300 million RMB, representing up to 2% of the company's total share capital [2]. - The buyback plan was initiated on March 18, 2025, and was set to be completed within six months [2]. - The implementation period ended on September 17, 2025, during which the controlling shareholder acquired a total of 20,279,342 shares, accounting for 0.96% of the company's shares, with a total expenditure of approximately 153.87 million RMB [2][4]. Group 2: Legal Compliance and Verification - The buyback was conducted in accordance with relevant laws and regulations, including the Securities Law and the Acquisition Management Measures [6]. - A legal opinion from Guohao Law Firm confirmed that the buyback complied with all necessary legal requirements and did not trigger any mandatory offer obligations [6]. - The completion of the buyback did not alter the company's shareholding structure in a way that would affect its listing status or change the controlling shareholder [6].