SUPCON Technology (SH:688777) Zheng Quan Ri Bao·2025-10-24 23:43Core Viewpoint - The company plans to repurchase shares to enhance employee motivation and support its industrial AI development strategy, with a total repurchase amount ranging from RMB 50 million to RMB 100 million [2][14][42]. Group 1: Share Repurchase Plan - The repurchase amount will be no less than RMB 50 million and no more than RMB 100 million [2]. - The funding sources for the repurchase will include the company's own funds and funds raised beyond the initial offering [3][16]. - The shares will be used for employee stock ownership plans and/or equity incentives [4][10][19]. - The maximum repurchase price is set at RMB 68.81 per share, which is 150% of the average trading price over the previous 30 trading days [4][15]. - The repurchase will be conducted through centralized bidding [5][11]. - The repurchase period is set for 12 months from the board's approval date [6][12]. Group 2: Board Meeting and Approval - The board meeting to approve the repurchase plan was held on October 24, 2025, with unanimous support from all attending directors [8][39][42]. - The board confirmed that the repurchase plan complies with relevant laws and regulations, emphasizing its necessity and feasibility for the company's growth [42]. Group 3: Financial Impact and Share Structure - As of June 30, 2025, the company's total assets were RMB 1,778.33 million, and the net assets attributable to shareholders were RMB 1,013.61 million [17]. - If the maximum repurchase amount of RMB 100 million is utilized, it would represent 5.62% of total assets and 9.87% of net assets, indicating that the repurchase is not expected to significantly impact the company's operations or financial status [17][19]. - The repurchased shares will be transferred within three years after the repurchase results are announced; if not transferred, they will be canceled [19][20].