HAC(SH:600202) Xin Lang Cai Jing·2026-01-27 19:59Core Viewpoint - The announcement details the progress of the share buyback plan by Harbin Air Conditioning Co., Ltd.'s controlling shareholder, Harbin Industrial Investment Group Co., Ltd., which has not yet commenced as of the announcement date [2]. Group 1: Buyback Plan Overview - The controlling shareholder plans to increase its stake in the company by purchasing between 1% and 2% of the total shares within 12 months starting from April 28, 2025, using its own or raised funds through the Shanghai Stock Exchange [2]. - The buyback plan has not been executed yet, primarily due to the need to ensure efficient use of state-owned enterprise funds and to protect the interests of all shareholders, considering market conditions and other factors [2]. Group 2: Implementation Progress - As of the announcement date, more than half of the planned buyback period has elapsed, but no shares have been purchased yet [2]. - The controlling shareholder will proceed with the buyback gradually based on actual market conditions during the implementation period [2]. Group 3: Risks Associated with the Buyback Plan - There are potential risks that could prevent the buyback plan from achieving its intended goals due to changes in the capital market or other unpredictable factors [3]. - The buyback plan will not result in a change of the controlling shareholder or actual controller of the company [4]. - The company confirms that the buyback plan complies with relevant laws and regulations and will not affect the company's stock distribution or listing conditions [4].