CENTURY HUATONG(SZ:002602) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-26 04:30Core Viewpoint - The company plans to repurchase its shares using its own or raised funds, with a total repurchase amount between RMB 50 million and RMB 100 million, and a maximum price of RMB 28.77 per share, subject to shareholder approval [1][3]. Group 1: Share Repurchase Plan - The company convened its sixth board meeting on November 12, 2025, to approve the share repurchase plan [1]. - The repurchase will be conducted through centralized bidding and aims to reduce the company's registered capital [1]. - The repurchase period is set for 12 months from the date of shareholder approval [1]. Group 2: Financial Institution Loan Commitment - The company received a loan commitment letter from China Merchants Bank Shanghai Branch for a maximum loan amount of RMB 900 million, which will not exceed 90% of the transaction price [2][3]. - The loan term is three years, aligned with regulatory requirements [3]. - The loan is specifically designated for the share repurchase and is backed by credit [3]. Group 3: Impact on the Company - The total amount used for the repurchase, combining the loan and self-funds, will not exceed the upper limit of the repurchase plan [3]. - The company aims to enhance the efficiency of its capital utilization in response to national policies supporting stock repurchases [3]. - The repurchase does not constitute a related party transaction and is not expected to significantly impact the company's operations or performance [3].