CDG(SH:603018) Shang Hai Zheng Quan Bao·2025-11-07 20:56Group 1 - The company held its 26th meeting of the 5th Board of Directors on November 7, 2025, where all 9 directors attended and the meeting complied with legal regulations [1][2][3] - The Board approved a proposal to change the purpose of repurchased shares from employee stock ownership plans to conversion of convertible bonds [2][9] Group 2 - The 23rd meeting of the 5th Supervisory Board was also held on November 7, 2025, with all 3 supervisors present, and the meeting adhered to legal requirements [5][6][8] - The Supervisory Board approved the same proposal regarding the change in the purpose of repurchased shares [7][8] Group 3 - The company plans to change the purpose of the repurchased shares from employee stock ownership plans to conversion of convertible bonds due to changes in the macroeconomic environment and capital market [10][14] - The repurchased shares will now be used to convert the company's issued convertible bonds, which is expected to help mitigate share dilution and promote rational value recovery [14][16] Group 4 - The change in the purpose of repurchased shares is deemed reasonable, necessary, and feasible, aligning with the company's development strategy and legal regulations [15][17] - The proposed change will not significantly impact the company's financial status, operational results, or shareholder equity [16] Group 5 - The company held a third-quarter performance briefing on November 7, 2025, where key executives addressed investor questions [18][19] - The company reported a profit of approximately 100.19 million RMB for the third quarter, an increase of 8.49% year-on-year [19] Group 6 - The company is focusing on digital transformation in infrastructure, including the establishment of an engineering robotics company to enhance productivity in construction [20][21] - The company is also developing strategic plans for 2026, focusing on digitalization, low-altitude economy, smart construction, and low-carbon energy [21][22] Group 7 - The company has made significant progress in the low-altitude economy sector, including the establishment of a low-altitude industry group and the development of a low-altitude integrated digital system [22][23] - The company has secured approximately 100 million RMB in orders related to low-altitude projects [22] Group 8 - The company is actively managing its market value through share repurchases and strategic investments [23][25] - The company has not considered manufacturing unmanned aerial vehicles but has invested in leading drone manufacturing companies [25]