宋城演艺：拟回购注销增强投资回报 彰显长期发展信心

Group 1 - The core announcement from Songcheng Performance is the plan to repurchase shares using its own funds, with a total amount between 100 million and 200 million yuan, aimed at canceling the repurchased shares and reducing registered capital [1] - The maximum repurchase price is set at 12.00 yuan per share, which is 150% of the average trading price over the previous 30 trading days, estimating the repurchase quantity to be between 8.33 million and 16.67 million shares, representing 0.32% to 0.63% of the current total share capital [1] - The company emphasizes its recognition of intrinsic value and confidence in future development, highlighting stable operations and good financial health, with total assets of 10.149 billion yuan and net assets of 8.371 billion yuan as of September 30, 2025 [1] Group 2 - The repurchase initiative aligns with the regulatory call from the China Securities Regulatory Commission to enhance investor returns and promote share buybacks as a means of rewarding investors [2] - The company aims to convey a positive signal to the market through this share repurchase, which is expected to enhance earnings per share and shareholder returns, thereby boosting market confidence and laying a solid foundation for long-term high-quality development [2]