ECHOM(SZ:002420)2024-03-20 10:27Group 1: Share Buyback Progress - The company has repurchased 624,000 shares as of February 29, 2024, and will complete the buyback at an appropriate time [1][3] - The buyback price is set at a maximum of 5 yuan per share, with the progress being slow due to various market factors [1][2] Group 2: Business Transformation and Industry Focus - The company is transitioning its main business focus, with the automotive sector accounting for 34.78% of its product offerings in 2023, while the new energy sector represents 9.51% [2][3] - The company is actively collaborating with high-quality clients in the medical field to enhance brand influence [2] Group 3: Production and Capacity Updates - The Hefei New Energy Industrial Base is currently conducting small-batch trial production, with further updates to be announced [2][3] - The company is monitoring market conditions to determine the timing for completing its issuance work [2] Group 4: Management and Employee Relations - The company adheres to labor laws and regulations, ensuring reasonable labor relations and employee welfare [2] - Company executives are committed to a share purchase plan of 3 million yuan, with compliance to legal requirements for timely disclosure [2]