GoodWe Technologies (SH:688390) Shang Hai Zheng Quan Bao·2025-10-20 19:55Core Viewpoint - The company has successfully completed a share buyback program, utilizing its own funds and a special loan for stock repurchase, with the aim of using the repurchased shares for employee stock ownership plans or reducing registered capital [2][4][5]. Group 1: Buyback Approval and Plan - On June 3, 2025, the company approved a share buyback plan at a maximum price of RMB 53 per share, with a total buyback amount between RMB 1 billion and RMB 1.5 billion, to be executed within 12 months [2]. - On September 18, 2025, the company adjusted the maximum buyback price to RMB 70 per share, with the expected number of shares to be repurchased changing accordingly [2]. Group 2: Buyback Implementation - The company initiated its first share buyback on June 17, 2025, and completed the buyback on October 17, 2025, repurchasing a total of 2,977,301 shares, which is 1.23% of the total share capital [4]. - The highest buyback price was RMB 55.99 per share, while the lowest was RMB 40.49 per share, with a total transaction amount of approximately RMB 149.98 million [4]. Group 3: Use of Repurchased Shares - The repurchased shares will be stored in a dedicated securities account and will not enjoy rights related to profit distribution, capital increase, or voting at shareholder meetings [8]. - If the company does not utilize the repurchased shares for the intended purposes within three years, it will follow legal procedures to reduce registered capital, and any unsold shares will be canceled [8].