是说芯语·2025-12-12 05:03Core Viewpoint - ZTE Corporation plans to repurchase its A-shares using its own funds, with a total repurchase amount not less than 1 billion yuan and not exceeding 1.2 billion yuan, aimed at implementing an employee stock ownership plan or equity incentive [1][3]. Group 1: Repurchase Details - The maximum repurchase amount is set at 1.2 billion yuan, with a maximum share price of 63.09 yuan per share, estimating the repurchase of approximately 19.02 million shares, which accounts for about 0.40% of the company's total share capital [3]. - The repurchase period will last for 12 months from the date the board of directors approves the repurchase plan [3]. Group 2: Share Structure Post-Repurchase - After the expected repurchase, the number of restricted A-shares will increase to approximately 16.26 million, representing 0.34% of the total shares, and could rise to about 19.43 million, representing 0.41% [4]. - The proportion of unrestricted circulating A-shares will slightly decrease from 84.20% to 83.80% post-repurchase [4]. Group 3: Market Reaction and Compliance Issues - As of the latest trading session, ZTE's A-shares experienced a slight decline of 0.32%, while its Hong Kong shares rose by 2.11%. The previous day saw a significant drop in both A-shares and Hong Kong shares [5]. - ZTE has acknowledged media reports regarding compliance investigations related to the U.S. Foreign Corrupt Practices Act and is in communication with the U.S. Department of Justice, emphasizing its commitment to a robust compliance system [5].