ZHEZHONG(SZ:002346) Ge Long Hui A P P·2025-11-27 13:18Summary of Key Points Core Viewpoint - The company has conducted a share buyback program, repurchasing a total of 22,100,110 shares, which represents 5% of its total share capital, with a total expenditure of approximately 241.48 million yuan [1][2]. Group 1: Share Buyback Details - The maximum transaction price for the buyback was 11.5 yuan per share, while the minimum was 9.44 yuan per share [1]. - The remaining shares available for buyback are 22,000,000, accounting for 4.98% of the total share capital [1]. - The buyback was funded through the company's own funds and a special loan for stock repurchase [2]. Group 2: Implementation Challenges - The company achieved 73.67% of the planned buyback quantity and 80.49% of the planned buyback amount [2]. - The inability to meet the buyback targets was primarily due to a significant increase in the company's stock price during the buyback period, which exceeded the set price limit [2]. - Other factors affecting the buyback included the time required for loan processing and restrictions during sensitive trading periods, resulting in fewer days available for executing the buyback [2]. Group 3: Decision to Terminate Buyback - The company's board of directors decided to terminate the share buyback program after careful consideration of the actual operating conditions [2].