SDHT(SH:600308) Shang Hai Zheng Quan Bao·2025-11-05 19:26Core Viewpoint - The controlling shareholder, Huatai Group, has successfully completed a share buyback plan, demonstrating confidence in the future development and long-term investment value of Huatai Paper [2][3][7] Summary by Sections 1. Buyback Plan Details - Huatai Group initiated a share buyback plan starting from November 6, 2024, for a period of 12 months, intending to acquire up to 2% of the total share capital, with a total investment between 75 million RMB (approximately 10.5 million USD) and 150 million RMB (approximately 21 million USD) [2] 2. Implementation Results - From November 6, 2024, to November 5, 2025, Huatai Group acquired 20,834,320 shares, representing 1.37% of the total share capital, with a total transaction amount of 75,431,681.55 RMB (approximately 10.5 million USD) [3][4] - After the buyback, Huatai Group holds 603,451,743 shares, accounting for 39.78% of the total share capital [3][4] 3. Legal Compliance - A legal opinion from Beijing Dacheng (Shanghai) Law Firm confirmed that Huatai Group meets the conditions for acquiring shares under the current regulations, ensuring that the buyback is legal and compliant with relevant laws [5] 4. Overall Evaluation - The buyback is viewed as a significant step in the valuation enhancement plan, reflecting Huatai Group's strong confidence in the company's future and long-term investment value [7] - The company's stock price remains below its net asset value and the industry average price-to-book ratio, indicating that the valuation does not fully reflect its operational quality and development potential [7] - The company plans to continue implementing the valuation enhancement plan through various measures, including focusing on core business upgrades and improving shareholder return mechanisms [7]