Orbbec (SH:688322) Shang Hai Zheng Quan Bao·2025-10-13 20:09Core Viewpoint - The company plans to repurchase its shares through centralized bidding to enhance employee motivation and recognize long-term value, with a total repurchase amount between RMB 25 million and RMB 50 million [2][3][32] Summary by Sections Repurchase Purpose - The repurchase aims to improve the company's long-term incentive mechanism, align the interests of shareholders, the company, and employees, and promote stable and sustainable development [10][32] Repurchase Amount and Source - The total repurchase amount will not be less than RMB 25 million and not exceed RMB 50 million, funded by the company's own resources [3][4][19] Repurchase Price - The repurchase price will not exceed RMB 130.00 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [4][17] Repurchase Method and Duration - The shares will be repurchased through the Shanghai Stock Exchange's centralized bidding system, with a duration of up to 12 months from the board's approval date [5][6][14] Shareholder Plans - As of the announcement date, major shareholders, including the controlling shareholder and senior management, have no plans to reduce their holdings in the next three to six months [7][20] Implementation and Disclosure - The company will make repurchase decisions based on market conditions and will disclose progress in a timely manner [9][28] Impact on Financials - The repurchase is not expected to significantly impact the company's daily operations, financials, or debt obligations, with the repurchase amount representing 1.50% of total assets and 1.71% of net assets as of June 30, 2025 [18][19] Authorization for Management - The board has authorized management to handle all matters related to the repurchase, including setting up a dedicated securities account and making decisions on timing, price, and quantity [23][24] Future Plans for Repurchased Shares - The repurchased shares will be used for employee stock ownership plans or equity incentives, with a requirement to transfer or cancel untransferred shares within three years after the repurchase [11][21] Compliance and Legal Considerations - The company will comply with relevant laws and regulations to protect creditor interests and ensure that the repurchase does not lead to insolvency [22][26]