Donglai Technology(SH:688129) Shang Hai Zheng Quan Bao·2025-12-01 19:14Summary of Key Points Core Viewpoint - The company, Donglai Technology (Shanghai) Co., Ltd., has announced the progress of its share repurchase and reduction plan, indicating a commitment to maintaining company value and shareholder rights through strategic share management [2][3]. Group 1: Share Repurchase Details - The company repurchased a total of 5,815,348 shares from January 31, 2024, to April 30, 2024, with plans to sell these shares through centralized bidding within twelve months after the announcement of the repurchase results [2]. - If the shares are not sold within three years following the repurchase announcement, the unutilized shares will be canceled [2]. Group 2: Reduction Plan Progress - As of October 15, 2025, the company disclosed a plan to reduce up to 1,204,788 shares, representing 1% of the total share capital, through centralized bidding within three months after the announcement [3]. - As of November 30, 2025, the company has not yet executed the reduction of the aforementioned shares [4]. Group 3: Reduction Plan Implementation - The reduction plan is consistent with previously disclosed commitments, and there have been no significant corporate actions such as stock splits or mergers that would affect the share count during the reduction period [6]. - The company is required to disclose the progress of the reduction plan at the beginning of each month during the sale period [6].