COPTON(SH:603798) Shang Hai Zheng Quan Bao·2025-09-26 18:16Core Viewpoint - The company plans to reduce its repurchased shares through a centralized bidding process, aiming to enhance shareholder value and improve operational efficiency [2][4]. Group 1: Share Repurchase and Reduction Plan - The company repurchased 3,934,800 shares from February to May 2024, representing 1.53% of its total share capital [2]. - The company intends to reduce up to 2,564,400 shares, which is 1% of the total share capital, within three months after the announcement [2][4]. - The reduction will be adjusted if there are changes in the company's share capital due to stock dividends or capital reserve transfers [2][4]. Group 2: Financial Implications - The proceeds from the share reduction will be used to supplement the company's working capital [6]. - After the reduction, the shares held in the repurchase account will decrease from 3,934,800 to 1,370,400, changing the holding percentage from 1.53% to 0.53% [6]. Group 3: Management's Perspective - The management stated that the share reduction will not significantly impact the company's operations, finances, or future development, and will aid in maintaining necessary liquidity for daily operations [7]. - The controlling shareholder increased their stake by 2,987,800 shares, or 1.17% of the total share capital, prior to the board's decision on the reduction [7].