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 plans to repurchase shares using its own funds, with a total amount between RMB 50 million and RMB 100 million, to enhance investor confidence and implement an employee stock ownership plan or equity incentive [2][5][6]. Group 1: Repurchase Plan Details - The repurchase amount will not be less than RMB 50 million and not exceed RMB 100 million [2]. - The source of funds for the repurchase will be the company's own funds [14]. - The repurchased shares will be used entirely for implementing an employee stock ownership plan or equity incentive [12][20]. - The maximum repurchase price is set at RMB 6.48 per share, which is 150% of the average trading price over the previous 30 trading days [12][6]. - The repurchase will be conducted through the Shanghai Stock Exchange trading system via centralized bidding [8][5]. - The repurchase period will last no more than 12 months from the board's approval date [9][10]. Group 2: Shareholder and Management Insights - The controlling shareholder, Qizhou Zhishang, believes the current stock price does not reflect the company's investment value and supports the repurchase to enhance market confidence [4][18]. - There are no plans for share reduction by directors, senior management, or major shareholders in the next three to six months [17][19]. Group 3: Financial Impact and Projections - If the maximum repurchase amount of RMB 100 million is utilized, it would represent approximately 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]. - The repurchase is not expected to significantly impact the company's daily operations, financial status, or future development [16][22]. Group 4: Compliance and Regulatory Aspects - The repurchase plan complies with relevant regulations and does not require shareholder approval [5][6]. - The company will establish a dedicated repurchase account for the transaction [28]. - The company commits to timely disclosures regarding the progress of the repurchase [29].