CENTURY HUATONG(SZ:002602) Shang Hai Zheng Quan Bao·2026-01-06 17:38Core Viewpoint - Zhejiang Century Huatong Group Co., Ltd. plans to repurchase its A-shares to enhance employee stock ownership and incentive mechanisms, aiming to boost investor confidence and improve its market image [6][20]. Group 1: Repurchase Plan Details - The repurchased shares will be used for equity incentives or employee stock ownership plans [2][6]. - The maximum repurchase price is set at RMB 25.97 per share, which is 150% of the average trading price over the previous 30 trading days [2][8]. - The total amount for the repurchase will be no less than RMB 300 million and no more than RMB 600 million [3][4]. Group 2: Repurchase Execution - The repurchase will be conducted through centralized bidding on the Shenzhen Stock Exchange [8]. - The repurchase period is set for 12 months from the board's approval date [10]. - The estimated number of shares to be repurchased ranges from approximately 11,551,791 shares (at the lower limit) to 23,103,581 shares (at the upper limit), representing 0.1567% to 0.3135% of the total issued shares [5][15]. Group 3: Financial Impact and Conditions - The repurchase funds will come from the company's own or self-raised funds [4][9]. - The maximum repurchase amount of RMB 600 million represents 1.39% of total assets, 2.05% of net assets attributable to shareholders, and 3.51% of current assets as of September 30, 2025 [17]. - The board assures that the repurchase will not harm the company's debt repayment ability or ongoing operational capacity [16][17]. Group 4: Shareholder and Management Conduct - There are no plans for share reduction from major shareholders or management within six months prior to the board's decision on the repurchase [5][18]. - The chairman and major shareholder, Wang Ji, proposed the repurchase based on confidence in the company's future and value recognition [20]. Group 5: Regulatory Compliance and Disclosure - The repurchase plan complies with relevant laws and regulations, including the Company Law and Securities Law [6][7]. - The company will establish a dedicated securities account for the repurchase and will disclose progress regularly during the repurchase period [24][25].