江苏林洋能源股份有限公司第六届董事会第五次会议决议公告

Core Viewpoint - Jiangsu Linyang Energy Co., Ltd. has announced several key resolutions from its fifth meeting of the sixth board of directors, including the cancellation of repurchased shares, a valuation enhancement plan, and a share repurchase plan to boost investor confidence and maintain long-term value [1][4][5]. Group 1: Share Cancellation - The company plans to cancel 18,949,000 shares that were repurchased and remain unused in the repurchase account, aiming to enhance investor confidence and maintain the interests of shareholders [1][24][25]. - The total share capital will decrease from 2,060,169,156 shares to 2,041,220,156 shares following the cancellation [25]. Group 2: Valuation Enhancement Plan - The valuation enhancement plan was triggered due to the company's stock price being below the audited net asset value per share for 12 consecutive months in 2025, necessitating a strategy to improve market perception [29][30]. - The plan includes focusing on core business development, enhancing shareholder returns, maintaining regulatory compliance, improving information disclosure quality, and strengthening investor relations [29][31]. Group 3: Share Repurchase Plan - The company approved a plan to repurchase shares at a price not exceeding RMB 8.75 per share, with a total repurchase amount between RMB 15 million and RMB 30 million, intended for employee stock incentives [6][46]. - The repurchase will be conducted through centralized bidding and is expected to take place within 12 months from the board's approval [6][51]. Group 4: Governance and Management - The company is revising its internal management systems for information disclosure and fundraising management to enhance governance and operational efficiency [8][11]. - A new compensation management system for directors and senior management has been proposed to align with legal and regulatory requirements [14][15]. Group 5: Upcoming Shareholder Meeting - A temporary shareholder meeting is scheduled for February 27, 2026, to review the resolutions that require shareholder approval, including the cancellation of repurchased shares and the new compensation management system [17][71].