3onedata(SH:688618) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-23 00:58Core Viewpoint - The company plans to repurchase its shares through a centralized bidding process to enhance employee motivation and investor confidence, while aligning the interests of shareholders, the company, and employees [1][2]. Proposal Details - The proposal for share repurchase was made by the actual controller, Chairman, and General Manager, Mr. Xiong Wei, on October 22, 2025 [1]. - The repurchase will involve the company's issued ordinary shares (A-shares) [2]. - The purpose of the repurchased shares is to implement equity incentives or employee stock ownership plans in the future [2]. - The repurchase will be conducted through the Shanghai Stock Exchange trading system [2]. - The maximum price for the repurchase will not exceed 150% of the average trading price over the 30 trading days prior to the board's approval [2]. - The total funds allocated for the repurchase will be no less than RMB 20 million and no more than RMB 40 million [2][3]. - The funding for the repurchase will come from the company's own or raised funds [3]. - The repurchase period is set for 12 months from the board's approval date [3]. Previous Repurchase Implementation - On February 18, 2024, the company approved a previous share repurchase plan, using its own funds to maintain company value and shareholder rights [6]. - The previous repurchase resulted in the acquisition of 686,331 shares, representing 0.9136% of the total share capital, with a total expenditure of approximately RMB 30 million [7]. - The repurchased shares were fully canceled by June 14, 2024 [7].