Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-09-25 19:37Core Viewpoint - The company plans to repurchase shares to enhance employee stock ownership and incentive plans, aiming to boost investor confidence and align stock price with intrinsic value [4][30]. Summary by Sections Share Repurchase Purpose - The repurchase aims to maintain shareholder interests, enhance investor confidence, and improve the long-term investment value of the company's stock [4][30]. Repurchase Details - Repurchase Amount: The total funds allocated for the repurchase will be between RMB 100 million and RMB 200 million [3][10]. - Repurchase Price: The maximum price for repurchase is set at RMB 9.00 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [11][45]. - Repurchase Quantity: The company plans to repurchase between 11 million and 22 million shares, representing 0.41% to 0.82% of the total share capital [10][42]. - Repurchase Method: Shares will be repurchased through a centralized bidding process on the Shanghai Stock Exchange [7][36]. - Repurchase Period: The repurchase will occur within 12 months from the board's approval, specifically from September 25, 2025, to September 24, 2026 [8][38]. Funding Sources - The funds for the repurchase will come from the company's own funds or funds raised by the company [12][47]. Implementation and Management - The board has authorized the management to handle all matters related to the share repurchase, including timing, pricing, and quantity adjustments based on market conditions [23][52]. Impact on Financials - If the maximum repurchase amount of RMB 200 million is utilized, it would represent 0.56% of the company's total assets and 1.44% of the net assets attributable to shareholders as of June 30, 2025 [15][16].