LKDF(SZ:002413) Xin Lang Zheng Quan·2025-10-29 15:31Core Viewpoint - Beijing Leike Defense Technology Co., Ltd. has established a comprehensive share repurchase management system to regulate its share buyback activities, protect investor rights, and provide a structured approach for future repurchase operations [1][5]. Summary by Sections Repurchase Conditions - The repurchase system outlines four main scenarios for share buybacks: reducing registered capital, employee stock ownership plans or equity incentives, conversion of convertible bonds, and necessary actions to maintain company value and shareholder rights [2]. - The conditions for maintaining company value include: stock closing price below net asset value per share, a cumulative decline of 20% over 20 trading days, stock price below 50% of the highest closing price in the past year, or other conditions set by the China Securities Regulatory Commission [2]. Repurchase Methods and Funding Sources - The company can utilize various methods for share repurchase, including centralized bidding, tender offers, or other methods approved by the China Securities Regulatory Commission [3]. - Funding sources for repurchases can include self-owned funds, funds raised from issuing preferred shares or bonds, excess raised funds, surplus funds from investment projects, and loans from financial institutions [3]. Implementation Procedures and Information Disclosure - The system mandates detailed procedures for implementing repurchases, requiring the board to promptly review and announce repurchase proposals, specifying key elements such as type, purpose, method, price range, quantity, and total funding [4]. - Information disclosure is required on the next trading day after the first repurchase, with updates for every 1% increase in repurchase ratio and monthly disclosures [4]. Handling of Repurchased Shares and Regulatory Oversight - Repurchased shares must be transferred or canceled within three years if bought to maintain company value, with specific restrictions on the sale of shares acquired through centralized bidding [5]. - The company will impose penalties for internal violations and ensure that securities service providers maintain integrity and accuracy in documentation [5].