FiberHome(SH:600498) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-21 10:42Core Viewpoint - The company plans to repurchase shares with a total amount between RMB 75 million and RMB 150 million, aiming to enhance investor confidence and reduce registered capital through share cancellation [1][10]. Group 1: Repurchase Plan Details - The repurchase will utilize self-owned or raised funds and will be conducted via centralized bidding on the Shanghai Stock Exchange [6][13]. - The maximum repurchase price is set at RMB 40.53 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1][12]. - The repurchase period is limited to six months from the approval date by the shareholders' meeting [1][7]. Group 2: Financial Implications - The total repurchase amount, if at the upper limit, will account for approximately 0.35% of the company's total assets, 1.07% of net assets, and 4.16% of cash funds as of June 2025 [14]. - The estimated number of shares to be repurchased ranges from approximately 1,850,482 shares (at the lower limit) to 3,700,962 shares (at the upper limit), representing about 0.144% to 0.287% of the total share capital [10][11]. Group 3: Governance and Compliance - The company has confirmed that there are no plans for share reduction by directors, supervisors, senior management, or major shareholders in the next three to six months [1][15]. - The board of directors has been authorized to manage the repurchase process, including adjustments based on market conditions [18][19]. Group 4: Legal and Regulatory Considerations - The company has notified creditors regarding the share repurchase and will follow legal procedures to ensure creditor rights are protected [17]. - The repurchased shares will be fully canceled, leading to a reduction in registered capital, and the company will comply with all relevant disclosure obligations [16][24].