ZTBH(SZ:000957)2025-12-03 09:54Group 1: Share Buyback Situation - As of November 30, 2025, the company has repurchased 8,254,900 shares, accounting for 1.39% of the total share capital [2] - The highest transaction price for the repurchase was 11.2 RMB/share, while the lowest was 10.49 RMB/share [2] - The total amount spent on the repurchase was 88,980,647.86 RMB (excluding transaction fees) [2] Group 2: Future Development in Overseas Markets - The company views international expansion as a critical strategy, benefiting from China's growing influence and manufacturing strengths [2][3] - The global market is experiencing a sustained increase in demand, prompting the company to expand its sales network based on previously successful markets [3] - Different regions have distinct demands, with Europe focusing on renewable energy bus upgrades and Africa seeing new demand for regular buses due to economic development [3] Group 3: Internal Management Improvements - Recent performance growth is attributed to significant enhancements in internal management, focusing on three main areas: marketing capability, operational control, and after-sales service efficiency [3] - The company emphasizes quality in operations and has implemented cost control measures in production and management expenses [3] - After-sales service efficiency has improved through detailed network layout and meticulous attention to each operational aspect [3] Group 4: Equity Incentive Implementation - The company has not yet implemented an equity incentive plan but will announce any specific proposals in a timely manner [3]