Nantong Chaoda Equipment (SZ:301186) Xin Lang Zheng Quan·2025-11-18 11:25Core Viewpoint - Chaoda Equipment Co., Ltd. has announced a stock repurchase plan supported by a loan commitment from Bank of China Nantong Branch, aiming to enhance its financial flexibility and support employee incentive programs [1][3]. Group 1: Stock Repurchase Plan - The company plans to repurchase shares with a total investment ranging from 25 million to 50 million RMB, using either self-owned or raised funds through centralized bidding [2]. - The maximum repurchase price is set at 150% of the average trading price over the 30 trading days prior to the board's approval, amounting to 65.44 RMB per share [2]. - The repurchase period is established as 12 months from the date of board approval [2]. Group 2: Loan Commitment Details - Bank of China Nantong Branch has issued a loan commitment of up to 45 million RMB specifically for the stock repurchase [3]. - The loan has a term of 3 years and is intended solely for the stock repurchase, which will not significantly impact the company's current operating performance [3]. - The actual repurchase amount will depend on the funds utilized by the end of the repurchase period, and the company will adhere to the principle of "designated use of funds" [3]. Group 3: Governance and Compliance - The stock repurchase plan does not require shareholder meeting approval, having been passed by a board meeting with over two-thirds of directors present [4]. - The loan commitment document from Bank of China Nantong Branch is included as an attachment to the announcement [4].