OIE(SH:600278) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-27 02:49Core Viewpoint - The company plans to repurchase shares with a total amount ranging from 50 million to 100 million RMB to enhance investor confidence and stabilize company value [2][6]. Summary by Sections Share Repurchase Plan - Total amount for share repurchase is set between 50 million and 100 million RMB [2]. - The source of funds will be the company's own funds or self-raised funds [2][12]. - The purpose of the repurchase is to maintain shareholder interests and encourage long-term rational value investment [2][6]. - The maximum repurchase price is capped at 11.62 RMB per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][10]. - The repurchase will be conducted through centralized bidding on the Shanghai Stock Exchange [2][6]. - The repurchase period will start from the approval date of the plan on November 21, 2025, and will last no more than three months [2][6]. Implementation Procedures - The board of directors approved the repurchase plan on October 30, 2025 [4]. - The plan was submitted for shareholder approval on November 21, 2025 [5]. Financial Impact - The estimated number of shares to be repurchased is between approximately 4,302,926 and 8,605,851 shares, accounting for about 0.49% to 0.99% of the total share capital [9]. - The repurchase funds will represent approximately 0.59% of total assets, 1.30% of net assets attributable to shareholders, and 0.78% of current assets based on the upper limit of 100 million RMB [13]. Shareholder and Management Plans - There are currently no plans for share reduction by major shareholders or management within the next three to six months [2][14]. - The company has confirmed that there are no conflicts of interest or insider trading related to the repurchase plan [2][14]. Legal and Regulatory Compliance - The repurchased shares will be fully canceled, reducing the company's registered capital [15]. - The company will notify creditors and follow legal procedures to protect their interests [16]. Authorization and Adjustments - The shareholders authorized the board to manage the repurchase process, including adjustments based on market conditions [20].