衢州东峰新材料集团股份有限公司关于以集中竞价交易方式回购股份的预案

Core Viewpoint - The company plans to repurchase shares through a centralized bidding process, with the aim of enhancing investor confidence and reflecting its intrinsic value, as the current stock price does not accurately represent the company's investment value [5][7][27]. Group 1: Repurchase Plan Details - The total amount for the share repurchase will be no less than RMB 50 million and no more than RMB 100 million [2][33]. - The source of funds for the repurchase will be the company's own funds [14][35]. - The repurchased shares will be used entirely for implementing an employee stock ownership plan or equity incentives [2][19]. - The maximum repurchase price will not exceed RMB 6.48 per share, which is 150% of the average trading price over the previous 30 trading days [2][13]. - The repurchase will be conducted through the Shanghai Stock Exchange trading system [9][29]. - The repurchase period will not exceed 12 months from the date of the board's approval [10][30]. Group 2: Shareholder and Board Approval - The proposal for the share repurchase was initiated by the controlling shareholder, Qizhou Zhishang Enterprise Management Partnership [5][18]. - The board of directors approved the repurchase plan with unanimous consent from all attending members [6][27]. - The approval process complied with relevant regulations and did not require a shareholder meeting [6][27]. Group 3: Financial Impact and Projections - If the repurchase amount reaches the upper limit of RMB 100 million, it would account for approximately 1.53% of the company's total assets and 1.97% of the net assets attributable to shareholders [15][16]. - The estimated number of shares to be repurchased ranges from approximately 7.72 million to 15.43 million, representing 0.40% to 0.80% of the total share capital [12][33]. - The company believes that the repurchase will not significantly impact its daily operations, financial status, or future development [16][37].