Donglai Technology(SH:688129) Shang Hai Zheng Quan Bao·2025-10-10 19:32Summary of Key Points Core Viewpoint - The company has successfully completed its share repurchase and reduction plan, which involved repurchasing a total of 5,815,348 shares and subsequently reducing 1,204,788 shares, representing 1% of the total share capital, without affecting the company's control or ownership structure [2][3][6]. Group 1: Share Repurchase Details - The company repurchased a total of 5,815,348 shares from January 31, 2024, to April 30, 2024, aimed at maintaining company value and shareholder rights [2]. - The repurchased shares will be sold through centralized bidding within twelve months of the announcement, and any unsold shares after three years will be canceled [2]. Group 2: Reduction Plan Implementation - The company announced a plan to reduce up to 1,204,788 shares, which was to be executed within three months following the announcement made on July 4, 2025 [3]. - As of October 10, 2025, the company had successfully reduced the planned number of shares, achieving an average selling price of 23.24 yuan per share, totaling 28,000,000.00 yuan [3][6]. Group 3: Impact of Share Reduction - The share reduction aligns with the company's established plan and complies with relevant regulations, ensuring that there is no change in control or ownership structure [6][7]. - The funds generated from the share reduction will be added to the company's capital reserve, aiding in the liquidity needed for daily operations without significantly impacting the company's financial health or future development [7].