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回购报告书

Core Viewpoint - The company, Quzhou Dongfeng New Materials Group Co., Ltd., plans to repurchase shares through a centralized bidding process, with the aim of enhancing investor confidence and implementing an employee stock ownership plan or equity incentive program [2][5][7]. Summary by Sections Repurchase Plan Overview - The repurchase amount will be no less than RMB 50 million and no more than RMB 100 million [2]. - The source of funds for the repurchase will be the company's own funds [14]. - The shares repurchased will be used entirely for implementing an employee stock ownership plan or equity incentive [2][21]. - The maximum repurchase price is set at RMB 6.48 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [2][13]. - The repurchase will be conducted through the Shanghai Stock Exchange's trading system [9]. - The duration for the repurchase is set for a maximum of 12 months from the board's approval date [10]. Purpose and Justification - The controlling shareholder, Quzhou Zhishang Enterprise Management Partnership, believes the current stock price does not reflect the company's investment value and aims to enhance the company's market image and investor confidence [5][7]. Share Types and Quantity - The repurchase will involve the company's ordinary shares (A-shares) [8]. - The estimated number of shares to be repurchased ranges from approximately 7,716,049 shares (0.40% of total shares) to 15,432,098 shares (0.80% of total shares), based on the total repurchase amount [12]. Financial Impact - If the maximum repurchase amount of RMB 100 million is utilized, it would represent 1.53% of the company's total assets and 1.97% of the net assets attributable to shareholders as of September 30, 2025 [15][16]. Governance and Compliance - The board of directors approved the repurchase plan with unanimous consent, and it does not require shareholder approval [6]. - The company will ensure compliance with relevant regulations and will disclose any changes in the repurchase plan as necessary [24][25].