FiberHome(SH:600498) Shang Hai Zheng Quan Bao·2025-10-20 19:16Core Viewpoint - The company plans to repurchase shares through a centralized bidding method, with a total repurchase amount ranging from 75 million RMB to 150 million RMB, aimed at reducing registered capital and enhancing investor confidence [2][8]. Summary by Sections Repurchase Plan Overview - The repurchase amount will not be less than 75 million RMB and not exceed 150 million RMB [2]. - The funding source for the repurchase will be from the company's own funds or self-raised funds [17]. - The shares repurchased will be fully canceled to reduce the registered capital [8][15]. - The maximum repurchase price is set at 40.53 RMB per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][16]. - The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange [10]. - The repurchase period will last for no more than 6 months from the date of the shareholders' meeting approving the plan [11]. Purpose and Justification - The repurchase is based on the company's confidence in its future stable development and a reasonable assessment of its stock value, aimed at protecting investor interests and promoting recognition of the company's value [8][7]. Financial Impact - As of June 2025, the company's total assets were 43.016 billion RMB, with net assets of 14.068 billion RMB and cash of 3.603 billion RMB [18]. - If the maximum repurchase amount of 150 million RMB is utilized, it would represent approximately 0.35% of total assets, 1.07% of net assets, and 4.16% of cash [18]. Shareholder and Management Conduct - The company’s directors, supervisors, senior management, controlling shareholders, and actual controllers have confirmed that there are no plans to reduce their holdings in the next 3 to 6 months [2][20]. - There have been no transactions involving the company's shares by these parties in the 6 months prior to the board's decision [19]. Regulatory Compliance - The company has notified creditors regarding the share repurchase and will follow legal procedures to ensure creditor rights are protected [12][13]. - The board has been authorized to manage the repurchase process, including adjustments based on market conditions [21].