Important Content Reminder
Zhejiang Zhucheng Technology Co., Ltd. (hereinafter referred to as "the Company") intends to use self-funds or raised funds (including special loans for stock repurchase, etc.) to repurchase part of the Company's shares through centralized bidding (hereinafter referred to as "this repurchase"). The specific situation is as follows:
- Types of shares to be repurchased: RMB ordinary shares (A shares);
- Purpose of repurchased shares: equity incentives or employee stock ownership plans. If the Company fails to fully utilize the repurchased shares within three years after the announcement of the results of this repurchase and the changes in shares, the unutilized repurchased shares will be canceled in accordance with the law;
- Method of repurchase: centralized bidding;
- Price range for repurchase: not exceeding RMB 85.22 per share (inclusive). The repurchase price shall not exceed 150% of the average trading price of the Company's shares over the 30 trading days prior to the board's resolution on the repurchase;
- Total amount of funds for repurchase: not less than RMB 50 million (inclusive) and not exceeding RMB 100 million (inclusive);
- Number of shares to be repurchased and the proportion of the total share capital of the Company: based on the lower limit of the repurchase amount and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 586,700 shares, accounting for about 0.43% of the Company's total share capital; based on the upper limit of the repurchase amount and the upper limit of the repurchase price, the estimated number of shares to be repurchased is approximately 1,173,400 shares, accounting for about 0.86% of the Company's total share capital. The specific number of repurchased shares shall be subject to the actual number of shares repurchased upon the expiration of the repurchase period or completion of the repurchase;
- Source of funds for repurchase: self-funds or raised funds (including special loans for stock repurchase, etc.);
- Implementation period for repurchase: within 12 months from the date the board of directors approves this repurchase plan;
- Whether relevant shareholders have any reduction plans: As of the date of this announcement, the Company has not received any reduction plans from directors, senior management, or all members of the board, ensuring that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
- Relevant risk warnings:
(1) There is a risk that the Company's stock price may continue to exceed the upper limit of the repurchase price during the repurchase period, which may lead to the inability to smoothly implement this repurchase plan or only partial implementation;
(2) The shares repurchased by the Company for equity incentives or employee stock ownership plans may face risks of non-implementation or partial implementation due to reasons such as failure to pass the review by the board of directors or shareholders' meeting, or the intended holders of shares giving up their subscription;
(3) During the implementation of this repurchase plan, if significant events occur that have a major impact on the Company's stock trading price, or if the Company does not meet the legal requirements for share repurchase, it may lead to partial or complete failure of the repurchase plan;
(4) This repurchase plan may face risks of changes or termination due to significant changes in the Company's operations, financial condition, or external objective circumstances;
(5) There is a risk that the repurchase plan cannot be implemented due to the failure to raise the necessary funds for the repurchase. The Company will make repurchase decisions based on market conditions during the repurchase period and will fulfill information disclosure obligations in a timely manner according to the progress of the repurchase matter, and investors should pay attention to investment risks.