Zhejiang Power New Energy (SH:688184) Shang Hai Zheng Quan Bao·2025-10-09 21:01Group 1: Share Buyback Progress - The company approved the fifth share buyback plan on June 11 and July 1, 2025, allowing for a buyback price not exceeding RMB 13.88 per share, with total funds between RMB 10 million and RMB 20 million [2] - As of September 30, 2025, the company has repurchased 966,849 shares, accounting for 0.61% of the total share capital, with a total expenditure of RMB 10,449,243.15 [3] - The repurchased shares will be used for employee stock ownership plans or equity incentives, and any unutilized shares within three years will be canceled [6] Group 2: Litigation Announcement - The company has initiated a lawsuit against Zhejiang Gepai Cobalt Industry New Materials Co., Ltd. for a breach of contract, seeking the return of RMB 39 million plus interest and penalties [9][10] - The lawsuit is currently in the acceptance stage and has not yet gone to trial, with the company positioned as the plaintiff [9][10] - The outcome of the lawsuit is uncertain, but it is stated that it will not affect the company's normal operations [9][10]