Core Viewpoint - The company has completed the repurchase and cancellation of shares, reflecting confidence in its future development and value recognition [3][5][6] Group 1: Share Repurchase Details - The company approved a share repurchase plan on February 23, 2024, with a total fund of no less than RMB 30 million and no more than RMB 40 million, at a maximum price of RMB 37.95 per share [3][5] - The actual repurchase period was from March 26, 2024, to December 31, 2024, during which 19,155,961 shares were repurchased, accounting for 2.82% of the total share capital before cancellation [5][6] - The highest transaction price during the repurchase was RMB 30.15 per share, while the lowest was RMB 14.07 per share, with a total transaction amount of approximately RMB 391.67 million [5] Group 2: Cancellation of Shares - The cancellation of the repurchased shares was completed on June 4, 2025, in compliance with relevant laws and regulations [4][6] - The number of shares canceled was 19,155,961, which represented 2.82% of the total share capital prior to cancellation [6] Group 3: Impact on the Company - The share repurchase is based on the company's confidence in its future prospects and will not adversely affect its operations, finances, research and development, or debt obligations [6] - The completion of the repurchase will not impact the company's listing status or control structure [6]

Core Viewpoint - The company plans to change the purpose of repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital, involving 5,755,371 shares, which is approximately 0.41% of the total share capital [1][2][3]. Group 1: Share Repurchase Details - The company approved a share repurchase plan on December 7, 2023, with a total repurchase amount between RMB 150 million and RMB 300 million, at a price not exceeding RMB 21.00 per share [2]. - The company has completed the repurchase of shares at an average price of RMB 19.30 per share, totaling RMB 279,083,618.90, and has used 2,048,590 shares for its core team stock ownership plan [3]. Group 2: Purpose Change and Cancellation - The purpose of the repurchased shares is being changed to cancellation and reduction of registered capital, which will leave a balance of 5,755,371 shares in the repurchase account after the cancellation [3][5]. - Following the cancellation, the total share capital will decrease from 1,411,006,571 shares to 1,405,251,200 shares, and the registered capital will similarly decrease from RMB 1,411,006,571 to RMB 1,405,251,200 [1][4]. Group 3: Impact and Compliance - The change in the purpose of repurchased shares aligns with relevant laws and regulations, reflecting the company's confidence in future development and long-term value [5]. - This action is expected to optimize shareholder returns and enhance investor confidence without significantly impacting the company's financial status or operational capabilities [5].

Group 1 - The company plans to enter into various purchase and sales contracts with different suppliers, including purchasing diesel, aviation kerosene, PTA, and other products from Saudi Aramco and Hengyi Trading [1][2] - The pricing for these transactions will be based on market indicators or product quotation prices, ensuring fair and reasonable pricing [1][2][3] - The company will also engage in borrowing from its controlling shareholder, Rongsheng Holdings, with a loan amount not exceeding RMB 20 billion for project construction or working capital [3][4] Group 2 - The company intends to sign contracts for the procurement of high-pressure steam and other materials from Rongxiang Thermal Power and will also sell electricity and diesel to them [5][6] - The company will engage in logistics services with Rongtong Logistics, including the sale of diesel and PTA, and will also contract for transportation services [14][15] - The company is set to purchase pressure vessels and services from Shenghui Equipment and accept maintenance and engineering services from Dingsheng Petrochemical [17][18] Group 3 - The company has outlined its future three-year shareholder return plan, emphasizing a stable and sustainable profit distribution policy [48][49] - The company aims to distribute cash dividends annually, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash [52][53] - The company will ensure that the profit distribution plan is discussed with independent directors and that the rights of minority shareholders are protected [54][55]

Core Viewpoint - The company, Dazong Laser Technology Industry Group Co., Ltd., plans to change the purpose of its repurchased shares from employee stock ownership plans and maintaining shareholder value to cancellation for reducing registered capital [1][2]. Summary by Sections 1. Basic Information on Share Repurchase - The company approved a share repurchase plan on February 2, 2024, with a budget of between RMB 500 million and RMB 1 billion, at a price not exceeding RMB 25 per share [1]. - A total of 22,589,592 shares were repurchased, accounting for 2.15% of the total share capital, with the highest transaction price at RMB 24.96 and the lowest at RMB 15.41 [2]. 2. Reasons for Changing the Purpose of Share Repurchase - The decision aligns with regulatory guidelines encouraging companies to cancel repurchased shares to protect investor interests and enhance long-term investment value [2][3]. - The change is based on the company's operational status and strategic planning, aiming to improve per-share equity and boost investor confidence [2]. 3. Impact of the Change on Company Shares - Following the cancellation, the total share capital will decrease from 1,052,193,000 shares to 1,029,603,408 shares [2]. - The share structure will adjust, with limited sale condition shares remaining at 72,876,026 (7.08%) and unrestricted shares decreasing to 956,727,382 (92.92%) [2]. 4. Procedures for Implementing the Change - The change requires approval from the shareholders' meeting and must comply with relevant legal and regulatory procedures [3]. - The board will seek authorization from shareholders to proceed with the cancellation and necessary registrations [3].