Core Viewpoint - Jiangsu Shenneng Electric Power Co., Ltd. plans to repurchase shares with an amount not less than RMB 300 million and not more than RMB 400 million, primarily for employee stock ownership plans and/or equity incentives [1][2][3] Summary by Sections Repurchase Plan Overview - The repurchase plan was approved with zero votes against and zero abstentions [2] - The repurchase amount is estimated between RMB 300 million and RMB 400 million [2][4] Funding and Price Details - The funding sources for the repurchase will be self-owned or self-raised funds, including special loans for stock repurchase [3][6] - The maximum repurchase price is set at RMB 38 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [5][6] Repurchase Execution - The shares will be repurchased through centralized bidding on the Shanghai Stock Exchange [3][4] - The repurchase period is set for 12 months from the board's approval date [2][4] Shareholder Plans - Major shareholder Chen Xiaoqin has a potential share reduction plan in the next 3 to 6 months, while other major stakeholders have no current plans for share reduction [1][8] Impact on Company Structure - The repurchase is expected to involve approximately 789,500 to 1,052,600 shares, representing 1.83% to 2.44% of the total share capital [3][4] - The repurchased shares will be used for equity incentives and/or employee stock ownership plans [3][4][9] Financial Analysis - As of March 31, 2025, the company's total assets were RMB 2.494 billion, with a debt ratio of 25.88% [6][7] - The maximum repurchase amount would account for approximately 16.04% of total assets and 21.64% of net assets [6][7] Authorization and Compliance - The board has authorized the management to handle all necessary documentation and adjustments related to the repurchase [10][11] - The company will ensure compliance with relevant laws and regulations throughout the repurchase process [10][11]

Group 1 - The trend of share buybacks among A-share listed companies remains strong this year, with many companies announcing buyback plans focused on employee incentives [1][2] - For instance, Suzhou Fushilai Pharmaceutical Co., Ltd. plans to use between 20 million to 40 million yuan for a buyback, aiming to repurchase approximately 1 million shares, which is about 1.09% of its total share capital [1] - Various industries, including electronic manufacturing, biomedicine, lithium battery materials, and food processing, have seen a surge in companies initiating buyback programs since June [1] Group 2 - Zhejiang Wufangzhai Industrial Co., Ltd. announced a buyback plan with a total fund of no less than 35 million yuan and no more than 70 million yuan, aimed at employee stock ownership plans or equity incentives [2] - The Ministry of Industry and Information Technology expert Pan Helin stated that share buybacks reflect a deep recognition of a company's value, indicating that current stock prices do not reflect true value [2] - A significant proportion of buybacks are linked to employee incentives, which can enhance employee motivation and operational efficiency, while also signaling confidence in future development [2] Group 3 - Some companies are also planning to cancel repurchased shares to optimize their capital structure, thereby conveying confidence in their valuation [3] - For example, China Communications Construction Company plans to use between 500 million to 1 billion yuan for a buyback, with all repurchased shares to be canceled [3] - The practice of canceling shares is seen as a way to adjust share capital proactively, signaling that the stock price is undervalued and enhancing metrics like earnings per share and net asset value [3]

Core Viewpoint - The company, Yingke Recycling Resources Co., Ltd., has announced an adjustment to the maximum repurchase price of its shares following the implementation of its 2024 annual profit distribution plan, reducing the price from RMB 41.44 to RMB 41.38 per share [2][5]. Group 1: Share Repurchase Plan - The company plans to repurchase its shares using its own funds and a special loan for stock repurchase, with a total repurchase amount between RMB 40 million and RMB 80 million [2]. - The repurchase price cap has been adjusted to not exceed RMB 41.38 per share, with the repurchase period lasting up to 12 months from the board's approval date [5][6]. - The number of shares to be repurchased has been recalculated to range from 966,651 to 1,933,301 shares, which represents approximately 0.52% to 1.03% of the company's total share capital [5][6]. Group 2: Profit Distribution Plan - The company will distribute a cash dividend of RMB 0.06 per share (including tax) based on a total share capital of 187,226,610 shares, amounting to a total cash dividend of RMB 11,233,596.60 [3][13]. - The record date for the dividend distribution is set for June 23, 2025, with the ex-dividend date on June 24, 2025 [3][10]. - The profit distribution plan was approved during the annual shareholders' meeting held on May 20, 2025 [10]. Group 3: Regulatory Compliance - The company will adjust the repurchase price cap in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange if any capital changes occur during the repurchase period [4]. - The company commits to adhering to relevant regulations and will disclose information regarding the progress of the share repurchase in a timely manner [7].

Core Viewpoint - The company has established a comprehensive system for share repurchase to protect investor rights, enhance corporate governance, and strengthen internal controls, in accordance with relevant laws and regulations [1][2]. Group 1: Share Repurchase Conditions - The company may repurchase shares under specific circumstances, including reducing registered capital, employee stock ownership plans, converting bonds into shares, and maintaining company value when stock prices fall below certain thresholds [1][2][3]. - The company must ensure that share repurchase does not harm the rights of shareholders and creditors, and must follow strict decision-making and information disclosure procedures [2][4]. Group 2: Internal Control and Governance - The board of directors must carefully consider the company's financial status and debt repayment ability when formulating share repurchase plans, ensuring that the scale of repurchase aligns with the company's actual financial condition [2][4]. - All directors and senior management are required to act in good faith and diligently protect the interests of the company and its shareholders during the share repurchase process [2][4]. Group 3: Repurchase Methods and Funding - The company can use various methods for share repurchase, including centralized bidding and tender offers, and must disclose the intended use of repurchased shares [5][6]. - Funding for share repurchase can come from self-owned funds, proceeds from issuing preferred shares or bonds, and other legal sources [5][6]. Group 4: Implementation and Disclosure Procedures - The company must establish a clear timeline for share repurchase, with specific limits on the number of shares and funding amounts, and must disclose the repurchase plan to shareholders [6][7]. - Regular updates on the progress of the share repurchase must be disclosed, including the number of shares repurchased and the total amount spent [16][17]. Group 5: Special Regulations for Tender Offers - When repurchasing shares through a tender offer, the offer price must not be lower than the average price of the shares over the previous thirty trading days [49][50]. - The company must ensure that all funds required for the tender offer are fully deposited in a designated bank account [50][51].

价交易方式回购公司股份方案的议案》，同意公司以集中竞价交易方式回购公司股份，回购资 金总额不低于人民币 16,000 万元（含），不超过人民币 30,000 万元（含），回购价格不超过人 民币 238.53 元/股（含），回购期限自公司董事会审议通过回购方案之日起 12 个月内。 易方式回购公司股份方案的议案》，同意公司以集中竞价交易方式回购公司股份，回购资金总 额不低于人民币 1,500 万元（含），不超过人民币 3,000 万元（含），回购价格不超过人民币 120 元/股（含），回购期限自公司董事会审议通过回购方案之日起 12 个月内。 截至本申请日，公司回购专用证券账户中股份数为 1,738,819 股，占公司总股本 91,439,524 股的比例为 1.90%。 根据《公司法》《证券法》《上市公司股份回购规则》和《上海证券交易所上市公司自律 监管指引第 7 号——回购股份》等相关法律法规和规范性文件的规定，上市公司回购专用账 户中的股份，不享有股东大会表决权、利润分配、公积金转增股本、认购新股和可转换公司 债券等权利，不得质押和出借。因此，公司回购专用证券账户中的股份不参与本次利润分配， 故 2024 ...

康欣新材: 康欣新材关于调整回购股份资金来源暨 收到股票回购贷款告知函的公告 证券代码：600076 证券简称：康欣新材 公告编号：2025-011 康欣新材料股份有限公司 关于调整回购股份资金来源暨收到股票回购 贷款告知函的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 康欣新材料股份有限公司（以下简称"公司"）于 2024 年 7 月 24 日在 上海证券交易所网站披露了《关于以集中竞价交易方式回购股份的回购报告书》， 公司拟将以上回购股份的资金来源由"自有资金"调整为"自有资金和自筹资金"。 除上述调整外，回购方案的其他内容未发生变化。 ● 本次调整回购股份来源事项已经公司第十一届董事会第二十次会议审议 通过，无需提交股东大会审议。 ● 本次股票回购贷款额度不代表公司对回购金额的承诺，具体回购股份的 金额以回购期满时实际回购的金额为准。 一、回购股份的基本情况 公司于 2024 年 7 月 19 日召开 2024 年度第五次临时股东大会，会议审议通 过了《关于以集中竞价交易方式回购股份方案 ...