劲旅环境制定回购股份管理制度 明确四情形适用条件及资金来源

Core Viewpoint - The establishment of the share repurchase management system by Jinlv Environmental Technology Co., Ltd. aims to standardize share repurchase behavior and protect the legitimate rights and interests of shareholders, especially minority shareholders [1][6]. Group 1: Repurchase Conditions - The system specifies four scenarios for share repurchase: 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]. - For the fourth scenario, specific conditions must be met, such as the stock closing price being below the latest net asset per share, a cumulative decline of 20% over twenty trading days, or the stock price being below 50% of the highest closing price in the past year [2]. Group 2: Compliance and Sustainability - Multiple prerequisites for share repurchase are established, including the stock being listed for over six months, no major legal violations in the past year, and maintaining debt repayment and operational capabilities [3]. - Different scenarios require different operational paths for repurchase, with a maximum limit of 10% of the total issued shares for repurchases under certain conditions [3]. Group 3: Funding Sources and Scale Control - The company can use various funding sources for share repurchase, including self-owned funds, funds raised from issuing preferred stocks or bonds, and bank loans [4]. - The system mandates a reasonable arrangement of repurchase quantity and funding scale, with clear upper and lower limits for the proposed repurchase [4]. Group 4: Decision-Making and Information Disclosure - The decision-making process for reducing registered capital requires a resolution from the shareholders' meeting, while other scenarios can be decided by the board of directors [5]. - Strict information disclosure requirements are outlined, including the need to disclose shareholder information and repurchase progress at specified intervals [5]. Group 5: Governance and Value Maintenance - The new share repurchase management system enhances the corporate governance framework of Jinlv Environmental, providing a basis for future share repurchases and protecting minority shareholder rights [6][7]. - The board of directors is required to consider the company's financial status and sustainable operations when formulating repurchase plans, reflecting a dual focus on sustainable development and shareholder interests [7].