CIMC(SZ:000039) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-01 05:19Core Viewpoint - China International Marine Containers (Group) Co., Ltd. (CIMC) has approved a plan to repurchase a portion of its A-shares to enhance company value and protect shareholder interests [3][6][19]. Group 1: Board Meeting Details - The 10th meeting of the 11th Board of Directors for the year 2025 was held on September 29, 2025, via written communication, with all nine directors participating [2][5]. - The meeting complied with relevant regulations including the Company Law and Securities Law of the People's Republic of China [2]. Group 2: Share Repurchase Plan - The company plans to use its own funds to repurchase A-shares, with a total repurchase amount not exceeding RMB 5 billion and not less than RMB 3 billion [6][11]. - The maximum repurchase price is set at RMB 12.01 per share, with an estimated repurchase quantity ranging from approximately 2.5 million to 4.16 million shares, representing 0.46% to 0.77% of the total issued share capital [6][11][12]. - The repurchased shares will be used to maintain company value and shareholder rights, with potential future adjustments for employee stock ownership plans or equity incentives [9][19]. Group 3: Implementation and Authorization - The authorization for the repurchase is effective from the date of the board's approval until the completion of the related matters [4][22]. - The board has authorized the chairman or designated personnel to manage the repurchase process, including deciding on the specific plan, timing, and scale [3][22]. Group 4: Financial Impact and Conditions - As of June 30, 2025, the company's total assets were approximately RMB 175.44 billion, with cash and cash equivalents around RMB 26.06 billion, indicating that the repurchase amount will not significantly impact the company's financial stability [17][18]. - The repurchase is expected to be completed within three months from the board's approval, with provisions for extension if necessary [13][14]. Group 5: Disclosure and Compliance - The company will disclose the progress of the repurchase regularly, including any adjustments to the use of repurchased shares [24]. - There are no current plans for share reduction by major shareholders or management, ensuring compliance with relevant regulations [19][20].