Guangdong Fangyuan New Materials (SH:688148) Shang Hai Zheng Quan Bao·2025-11-03 20:05Core Viewpoint - The company, Guangdong Fangyuan New Materials Group Co., Ltd., has initiated a share repurchase plan to maintain company value and protect shareholder interests, with a total of 3,320,000 shares repurchased, representing 0.65% of the total share capital [2] Share Repurchase Overview - The company repurchased 3,320,000 shares from February 23, 2024, to May 22, 2024, which will be sold through centralized bidding within twelve months after the announcement of the repurchase results [2] - If the shares are not sold within the specified period, the company will reduce its registered capital and cancel the unsold shares [2] Progress of Share Reduction Plan - As of October 31, 2025, the company has sold 1,440,000 shares, which is 0.28% of the total share capital [3] - The company holds 22,336,790 shares in its repurchase account, accounting for 4.38% of the total share capital [3] Implementation of Reduction Plan - The company disclosed the share reduction plan on August 5, 2025, intending to sell up to 3,320,000 shares within three months after the announcement [3] - The number of shares to be sold may be adjusted based on any corporate actions such as dividends or stock splits during the reduction period [3] Financial Impact - The funds recovered from the share reduction will be added to the company's capital reserve and will not significantly impact the company's operations, finances, or future development [6]