明阳电路1500万至2500万元回购计划进展：截至1月末尚未实施，期限尚余3个半月

Core Viewpoint - Shenzhen Mingyang Circuit Technology Co., Ltd. has not yet implemented its share repurchase plan as of January 31, 2026, despite having a remaining period of approximately three and a half months until the deadline of May 13, 2026 [1][3]. Group 1: Share Repurchase Plan Overview - The company plans to use between 15 million yuan and 25 million yuan for the share repurchase, with a maximum repurchase price set at 18.16 yuan per share, later adjusted to 18.03 yuan per share [2]. - The repurchase is intended for employee stock ownership plans or equity incentives, and the duration of the repurchase is set for 12 months from the board's approval date [2]. Group 2: Current Status and Future Actions - As of the end of January 2026, the company has not executed any share repurchases through the planned method [3]. - The company will proceed with the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required by regulations [4].