CAIP(SH:603035) Shang Hai Zheng Quan Bao·2025-09-22 18:46Core Viewpoint - The company has successfully completed a share buyback program, reflecting management's confidence in the company's long-term intrinsic value and aiming to enhance investor confidence, particularly for small and medium investors [5][6]. Group 1: Buyback Approval and Plan - The share buyback plan was approved during the board meeting on November 1, 2024, and the extraordinary general meeting on November 18, 2024, with a buyback price cap set at 21.17 CNY per share [1]. - The total funds allocated for the buyback range from 150 million CNY to 300 million CNY, with an estimated buyback quantity of approximately 7,085,498 to 14,170,997 shares, representing 1.86% to 3.73% of the total share capital [1]. - Following the annual equity distribution in 2024, the buyback price cap was adjusted to 20.83 CNY per share, leading to a revised estimated buyback quantity of approximately 7,201,152 to 14,402,304 shares, representing 1.89% to 3.79% of the total share capital [2]. Group 2: Buyback Implementation - The company initiated its first share buyback on December 20, 2024, and disclosed the details on December 21, 2024 [4]. - As of September 19, 2025, the company completed the buyback of 13,683,853 shares, accounting for 3.6007% of the total share capital, with a maximum price of 16.26 CNY per share and an average price of 14.62 CNY per share, utilizing a total of approximately 200 million CNY [5]. - The execution of the buyback plan aligns with the previously disclosed plan, and the buyback will not significantly impact the company's daily operations or financial status [5]. Group 3: Share Cancellation and Impact - The company has completed the necessary procedures for notifying creditors regarding the share cancellation, with no objections received during the public notice period [7]. - The total share capital will be reduced following the cancellation of the repurchased shares, but this will not affect the company's listing status or the control of major shareholders [8]. - After the cancellation, the company will have no remaining repurchased shares, and the shares will be used to reduce the registered capital [10].