Xingfa Chem(SH:600141) Xin Lang Cai Jing·2026-01-21 19:36Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with a total repurchase amount ranging from RMB 200 million to RMB 400 million to enhance shareholder value and maintain company worth [2][4][10]. Group 1: Repurchase Plan Details - The repurchase amount will be no less than RMB 200 million and no more than RMB 400 million [2]. - The funding for the repurchase will come from the company's own funds or self-raised funds [3]. - The maximum repurchase price is set at RMB 50 per share, which does not exceed 150% of the average trading price over the last 30 trading days prior to the board's decision [4][13]. - The repurchase will be conducted through a centralized bidding trading method [5]. - The duration for the repurchase is set for a maximum of 3 months from the board's approval date [6][10]. Group 2: Purpose and Impact - The purpose of the repurchase is to maintain company value and protect shareholder interests, while also enhancing investor confidence [10][12]. - The repurchase is expected to involve approximately 4 million to 8 million shares, representing about 0.36% to 0.73% of the company's total share capital [12]. - The repurchase will not affect the company's registered capital or change the ownership structure [15]. Group 3: Implementation and Governance - The board of directors approved the repurchase plan with unanimous consent during a meeting held on January 20, 2026 [8]. - The management is authorized to implement the repurchase based on market conditions within the specified timeframe [10][23]. - The company will ensure compliance with legal requirements and maintain transparency throughout the repurchase process [22][23].