杭州纵横通信股份有限公司关于出售部分已回购股份计划的公告

Core Viewpoint - The company plans to sell part of its repurchased shares to supplement its working capital, following a structured timeline and regulatory compliance [2][3][4]. Summary by Sections Share Repurchase Overview - The company repurchased 6,926,800 shares from February 2, 2024, to April 30, 2024, representing 3.00% of its total share capital [2][3]. Sale Plan Details - The board approved a plan to sell up to 4,500,000 repurchased shares, which is 1.95% of the total share capital, within six months after 15 trading days from the announcement date [3][4]. - The sale will be conducted through centralized bidding at market prices, with the proceeds aimed at enhancing the company's liquidity [3][4]. Company Structure and Financial Impact - Post-sale, the number of shares in the repurchase account will decrease from 6,926,800 to 2,426,800, changing the holding percentage from 3.00% to 1.05% [7]. - The difference between the sale price and the repurchase price will affect the company's capital reserve but will not impact current profits or future development significantly [7]. Compliance and Regulatory Requirements - The sale must adhere to specific regulations, including price restrictions and volume limits, to ensure compliance with the Shanghai Stock Exchange guidelines [9][10].